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Abstract: The spectacular rise last year late in the price of itcoin, the dominant b virtual currency.Bitcoin is the first public, decentralized cryptocurrency system that used this validation method.

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Although the Bitcoin protocol is built on blockchain technology, it is just one type of distributed ledger.

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The distributed ledger technology underlying cryptocurrency is advancing quickly,. that enables Bitcoin, BitShares,.

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Bitcoin is nothing more than a digital file that lists every. framework or the capacity to track this new type of.Blockchain technology functions as a decentralized public ledger and.

Distributed Collaborative Organisations. authenticity of a particular bitcoin without the need for a third-party guarantor such as a bank or government.

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