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10:57 < Traveller37> hello all
10:57 < Traveller37> just little bit stupid question
10:57 < Traveller37> i am reading about bitcoin for awhile now
10:59 < Traveller37> i got the idea of its verficiation and proof of work
10:59 < Traveller37> but for me it seems the block contains just the transactions
10:59 < Traveller37> so where the actual bitcoin saved ?
11:00 < Traveller37> i mean each block seems like a ledger for transactions, and its headier contains version, earlier hash , etc
11:00 < Traveller37> but is there any existance for the bitcoin itself anywhere else?
11:00 < kinlo> yeah, so if you have all blocks, you know which address has what
11:00 < kinlo> every full node downloads everything
11:01 < kinlo> also, this might be better for #bitcoin
11:01 < Traveller37> yes i got this, thanks
11:01 < Traveller37> but i mean the coin itself don't have any other form of encryption
11:01 < copumpkin> it is purely a ledger entry. Coins don't have an identity, and in fact the unit of account isn't even a coin but 10^-8 of one. Agree on #bitcoin though :)
11:01 < Traveller37> i mean by design its just a blocks of ledgers confirmed by hashes and connected to each other
11:01 < kinlo> ask your questions in the #bitcoin channel please, this channel is not the right place
11:02 < Traveller37> i am sorry kinlo but for some reason i am not allowed to send there
11:02 < Traveller37> this is why i sent here
11:02 < Traveller37> thanks all
11:04 < sipa_> look on https://bitcoin.stackexchange.com for such questiins
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--- Log closed Thu Apr 08 00:00:19 2021