Wednesday 23 December 2015

Bitcoin: What It Is And How It Works

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In 2008, a programmer issued a white paper in which he argued that we need an Internet currency not subject to the fees and permissions of third-party intermediaries.

So he came up with the digital equivalent of cash online, a system that lets participants send value to anyone else with a Bitcoin address the same way they might send an email. Bitcoin was invented by Satoshi Nakamoto which is probably a pseudonym for computer scientist Nick Szabo.

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