Bitcoin Essay
currency markets, systems of exchange, and methods of conducting transactions. Nakamoto changed everything by thinking outside of the box. What made bitcoin different was the block chain. The block chain works similar to the way torrents work, in that multiple users around the world participate in the virtual chain. Rather than relying on a centralized system or server, there is a potentially infinite number of ordinary users with desktops, laptops, or more sophisticated machines like servers. Each link in the chain conducts algorithms, generating more bitcoin as currency as a… Continue Reading...