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The Bitcoin Genesis:: Bitcoin and Cryptocurrency TechnologiesMining, Investing, Trading Through Time.
By Jimmy Putnic
eBook
$6.99
By Jimmy Putnic
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Unlike normal (fiat) currencies, bitcoin doesn’t have a central bank or a backing of a national government. Instead, it is regulated by complex algorithms with new coins being mined when computers solve complex equations. All this number crunching is tracked by the blockchain, a public ledger of all transactions which is distributed meaning there is no central point of the network that can be shut down. It’s perhaps analogate to file sharing protocol Bittorrent.
You can obtain bitcoin by ...