Get the entire 10-part series on Timeless Reading in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues. Listen to the audio only version here: A decade ago a paper called “Bitcoin: A Peer-to-Peer Electronic Cash System” was posted to a mailing list discussion on cryptography by someone calling themselves Satoshi Nakamoto.
The identity of the author, or authors remains a mystery. Fast forward to today and Bitcoin has become one of the most talked about and controversial technological innovations of our time.
Bitcoin is software designed to allow people to exchange value directly with a digital currency, without any middleman. The units of currency that run on the Bitcoin network are called bitcoins.
The number of bitcoins allowed to be issued has been limited to 21 million. But each bitcoin can be divided to the eighth decimal place so it can be used in very small amounts.
The Bitcoin network runs on a global, decentralized, self-clearing ledger called the blockchain. Every bitcoin transaction, since the beginning, has been recorded on the blockchain and cannot be erased or altered. Read more from valuewalk.com…
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