The Emerging Role of Bitcoin \u2013 Fact and.pptx - The Emerging Role of Bitcoin \u2013 Fact and Fiction Course Busi 2093 What is Bitcoin Bitcoin is a

The Emerging Role of Bitcoin u2013 Fact and.pptx - The...

This preview shows page 1 - 5 out of 15 pages.

The Emerging Role of Bitcoin – Fact and Fiction Course: Busi 2093
Image of page 1
What is Bitcoin? Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet. Bitcoin can also be the most prominent triple entry bookkeeping system in existence Source:
Image of page 2
Who created and control Bitcoin The first Bitcoin specification and proof of concept was published in 2009 in a cryptography mailing list by Satoshi Nakamoto. Satoshi left the project in late 2010 without revealing much about himself. The community has since grown exponentially with many developers working on Bitcoin Nobody owns the Bitcoin network much like no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world.
Image of page 3
How does bitcoin work?
Image of page 4
Image of page 5

You've reached the end of your free preview.

Want to read all 15 pages?

  • Spring '17

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture