Bitcoin: Magic, Fraud, or Sufficiently Advanced Technology? Part II: Technical Structure

By October 2, 2014Bitcoin Business

Part I introduced some of the challenges in the way of the public understanding of how Bitcoin works, and summarized the strategic roles of the open source software model, peer-to-peer networking, and digital signatures. Part II concludes by discussing hashing and the essential roles it plays in the technical structure of Bitcoin, as well how the system has been designed to be self-financing right from the beginning into the indefinite future. Making a hash […]

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