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Blockchain

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Blockchain was invented by a person (or group of people) using the name Satoshi Nakamoto in 2008 to serve as the public transaction ledger of the cryptocurrency bitcoin.The identity of Satoshi Nakamoto is unknown.

A blockchain carries no transaction cost. (An infrastructure cost yes, but no transaction cost.) The blockchain is a simple yet ingenious way of passing information from A to B in a fully automated and safe manner. One party to a transaction initiates the process by creating a block. This block is verified by thousands, perhaps millions of computers distributed around the net. The verified block is added to a chain, which is stored across the net, creating not just a unique record, but a unique record with a unique history. Falsifying a single record would mean falsifying the entire chain in millions of instances. That is virtually impossible. Bitcoin uses this model for monetary transactions, but it can be deployed in many other ways.

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Hal Finney is one of the people many suspected to be Satoshi Nakamoto. A long-time cryptographer and cypherpunk, Finney was the first...

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To celebrate the tenth anniversary of the Bitcoin genesis block, crypto-inspired graffiti artist Pascal Boyart has hidden $1,000 worth of Bitcoin $BTC▼0.88%...