Month: February 2019
Distributed trust in the Bitcoin
Distributed trust in the Bitcoin.As mentioned earlier, a distributed trust mechanism is achieved based on the publicly distributed ledger that is shared by the entire network nodes. This mechanism is…
Overview Of How Bitcoin Works
Overview Of How Bitcoin Works.A new user can get started with Bitcoin without deeply understanding the technical details. Bitcoin, from a user perspective, is just an application called Bitcoin wallet,…
The Rise Of Bitcoin
The Rise Of Bitcoin. How bitcoin rose.In 2008, a paper was published on a cryptography mailing list by someone who used Satoshi Nakamoto as a pseudonym. In this paper, a fully…
Crypto Currencies
Crypto Currencies are considered as a virtual payment system that generates a currency supply as well as tracks, verifies, and records transactions without involving any kind of central authority to…
History of Digital Currencies
History of Digital Currencies.There are several generations of digital currencies that have emerged and developed over the time, see Fig.1.1 for more clarification. In the 1980, the idea of the…