Want to really understand how bitcoin works? Here’s a gentle primer
Ars goes deep on the breakthrough online payment network.
Timothy B. Lee - 12/15/2017, 12:35 PM
The soaring price of bitcoin—the virtual currency is now worth more than $250 billion—has gotten a lot of attention in recent weeks. But the real significance of bitcoin isn't just its rising value. It's the technological breakthrough that allowed the network to exist in the first place.
Bitcoin's still anonymous inventor, who went by the pseudonym Satoshi Nakamoto, figured out a completely new way for a decentralized network to reach a consensus about a shared transaction ledger. This innovation made possible the kind of fully decentralized electronic payment systems that cypherpunks had dreamed about for decades.
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https://arstechnica.com/tech-policy/2017/12/how-bitcoin-works/
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The log/log power law governing Bitcoin appears robust. However, could there be a plausible and logical scenario in which this power law i...
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BlackRock has big influence in the Bitcoin ecosystem. For example with the development of the Bitcoin ETF (IBIT) and investments within the ...
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The Bitcoin Power Law Growth Corridor (by Harold Burger)... excellent video explanation by Chad Thackray https://youtu.be/wfi-bst4hmA?si=jo...
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