Reader Requested: A Conceptual Overview of Bitcoin Transaction Security

“I don’t have a background in cryptography, and get a little confused when looking through what actually happens in a bitcoin transaction. How do I know that no one else can spend my bitcoins? Is there any way someone just use my address to figure out my wallet?” – Eric from Norway Trusting an emerging financial technology can be difficult without having at least a high level understanding of what security measures are involved. Most people trust their banking system because there’s a brand standing behind transfers and insurance such as FDIC backs up deposits. Because of bitcoin’s decentralized nature, …