By sending BTC to other addresses,including a small fee, you broadcast transactions across the Bitcoin network, nodes collect these transactions in their mempool.
Every 10 minutes a miner finds the answer to a problem, and collects as many high fee paying transactions that will fit into a block of 1mb, awards himself 25btc and collects the fees. Miner broadcasts this block. Other nodes receive it,verify its validity and relay it.
Work then begins on finding the next block by miners.
Every 10 minutes a miner finds the answer to a problem, and collects as many high fee paying transactions that will fit into a block of 1mb, awards himself 25btc and collects the fees. Miner broadcasts this block. Other nodes receive it,verify its validity and relay it.
Work then begins on finding the next block by miners.