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The process in which every Bitcoin node checks every part of every Bitcoin transaction worldwide for conformance to standard rules and uses the complete history of all previous Bitcoin transactions to check that money being spent in a transaction has not previously been spent in any earlier transaction since the beginning of Bitcoin.

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Can anyone initiate a Blockchain transaction into the mining pool?

You can initiate a transaction with the wrong key, but it will actually get stopped before the transaction gets to the miners. All Bitcoin transactions are reviewed by the Nodes, to make sure they are …
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