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Bitcoin is the first implementation of an idea referred to as "cryptocurrency", which was first described in 1998 by Wei Dai on the cypherpunks mailing list, suggesting the concept of a brand new type of cash that uses cryptography to control its creation and transactions, relatively than a central...
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But the invention of Bitcoin modified all of that by creating a distributed, public ledger which confirmed transactions (via incentivized computation generally known as mining, mentioned in better depth beneath). So customers don’t spend as a result of items can be cheaper tomorrow, making a dest...
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