HOUSE_OVERSIGHT_025670.jpg
1.5 MB
Extraction Summary
2
People
4
Organizations
0
Locations
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Events
1
Relationships
3
Quotes
Document Information
Type:
Presentation slide / educational infographic
File Size:
1.5 MB
Summary
This document is a Goldman Sachs presentation slide titled 'How Do Miners Process Individual Transactions?' produced for the House Oversight Committee (indicated by the Bates stamp). It uses a hypothetical scenario involving 'Bob' and 'Alice' to explain the technical process of Bitcoin transactions, mining validation, and blockchain ledger recording. The document outlines the steps of initiating a transaction, miner verification, and block addition, noting the 12.5 BTC mining reward.
Organizations (4)
| Name | Type | Context |
|---|---|---|
| Goldman Sachs |
Logo in top right corner
|
|
| Investment Management Division |
Listed in header
|
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| Investment Strategy Group |
Listed in footer as source
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| House Oversight Committee |
Implied by Bates stamp 'HOUSE_OVERSIGHT'
|
Key Quotes (3)
"Consensus transaction validation creates a book of record for all transactions that have ever occurred."Source
HOUSE_OVERSIGHT_025670.jpg
Quote #1
"Transaction processing typically take 10-20 minutes, but can take up to 18 hours if the network is congested."Source
HOUSE_OVERSIGHT_025670.jpg
Quote #2
"Transactions may only occur if they are supported by evidence from previous transactions."Source
HOUSE_OVERSIGHT_025670.jpg
Quote #3
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