Blockchain and Cryptocurrencies
Blockchain and Bitcoin can be traced back to 2009 when someone using the pseudonym Satoshi Nakamoto published the documentation for Bitcoin, a cryptocurrency that used a blockchain to keep track of its transactions. The blockchain consists of blocks of data on an ever-increasing number of distributed servers that communicate with each other in a peer-to-peer network with no single entity in control. The blockchain Nakamoto proposed is public and encrypted.
Because each block of the long blockchain contains the same transactional information, it is virtually impossible to alter an entry. Nakamoto also set a limit of 21 million Bitcoins with a proviso that made mining Bitcoins more difficult as the number ...
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