Bitcoin Security Model: Trust By Computation

By cineramaFebruary 20, 2014Bitcoin Business

By Andreas Antonopoulos Bitcoin is a distributed consensus network that maintains a secure and trusted distributed ledger through a process called “proof-of-work.” Bitcoin fundamentally inverts the trust mechanism of a distributed system. Traditionally, as we see in payment and banking systems, trust is achieved through access control, by carefully […]

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Bitcoin Security Model: Trust By Computation

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