This is the best (concise + clear) explanation of Bitcoin I&#x27;ve come across: <a href="http:&#x2F;&#x2F;alecb.me&#x2F;blog&#x2F;how-bitcoin-works&#x2F;" rel="nofollow">http:&#x2F;&#x2F;alecb.me&#x2F;blog&#x2F;how-bitcoin-works&#x2F;</a><p>It&#x27;s shorter and simpler than the OPs which seems to be a bit more comprehensive.