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In January 2009, a mysterious software developer, Satoshi Nakamoto, exchanged a specially designed code with another developer. The code was a digital currency that Nakamoto had proposed several months before in a paper titled "Bitcoin: A Peer-to-Peer Electronic Cash System." This was the first Bitcoin transaction.
Since then, Bitcoin has become the face of a tech revolution in digital cryptocurrencies based on blockchain technology. Its success has sparked a tech revolution that could fundamentally change global economics. Author Brendan January delves into the world of coders, libertarians, criminals, financial regulators, and crypto-detectives to understand what digital cryptocurrencies have to offer, their limitations and potential pitfalls, security issues, and how they may affect government and financial regulations in the future.
The most notable application of blockchain is in the development and operation of cryptocurrencies (e.g. bitcoin, ethereum, among others).
This is not intended to be an exhaustive exploration of blockchain. It will provide a common point of reference for your ...
The technology that underlies bitcoin and other cryptocurrencies - the blockchain - is hailed as the greatest advancement since the invention of the internet.