David Madway
ASIN: B01GAPPIJG
Publisher: Amazon.com Services LLC
Pages: 91
Bitcoin technology will form the basis of money in the future. What the internet did for communication, Bitcoin is doing for finance. It is introducing a fundamentally different network centric and flat system that allows users to do transactions without recourse to authority and intermediaries. It derives trust from the collaboration and computation of thousands of nodes. When we use the term “Bitcoin” we are referring to the following: 1.Decentralized peer to peer network of money 2.Unit(s) of digital currency3.Computer software protocol (set of programmed rules) which is the framework needed for that digital currency to exist and function. A Bitcoin is simply a digital record in an active and growing public ledger that keeps track of who owns what within the Bitcoin system. It is important to understand that there are no actual physical bit ‘coins’, only records of ownership of units ...