Responses.docx - 2a. The name of my innovation is Bitcoin....

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2a. The name of my innovation is Bitcoin. The purpose of Bitcoin is to make purchases such asbuying Xbox games. Before a bitcoin can be used to make purchases or transactions, it must bemined. For the user to mine for bitcoins, it is requisite for the computer to provide processingpower to the distributed network. If the user generates a new block, then they would receiveBitcoins or a portion of transaction fees. The purpose of the computational artifact is to showhow 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 selectedthe 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.deolittle.com.2c. The beneficial effect of bitcoin is that it has low fraud risks for buyers. The group affected by

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Term
Fall
Professor
Geiger
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