Untitled document - 2a. The name of my innovation is...

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2a. The name of my innovation is Bitcoin. The purpose of Bitcoin is to make purchases such as buying Xbox games. Before a bitcoin can be used to make purchases or transactions, it must be mined. For the user to mine for bitcoins, it is requisite for the computer to provide processing power to the distributed network. If the user generates anew block, then they would receive Bitcoins or a portion of transaction fees. The purpose of the computational artifact is to show how bitcoin works. Sources used were money.cnn.com and howtogeek.com.2b. The tools that I have used were images that demonstrate how bitcoin works. After I selected the images, I Had to organize them and put the title in the center of my computational artifact. Sources used were coinpedia.org, steemit.com, bitcoin.org, cryptocurrencysecrets.us, technotification.com, and www2.deloitte.com.2c. The beneficial effect of bitcoin is that it has low fraud risks for buyers. The group affected by this are buyers. It has a potential effect on the economy because it makes it

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Term
Fall
Professor
Geiger
Tags
Bitcoins

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