Blockchain and Bitcoin: How did it all start?
Yes, we know we know. Our blog is called “Blockchain4All”, and now we want to talk about Bitcoin? Well, yes. And that is because they are rather interconnected. Or, more precisely, blockchain is the technology beneath Bitcoin, allowing its system to run. Writing about Bitcoin is therefore writing about blockchain as well, and it beautifully displays the practical side of this technology. As we will see in the upcoming posts, blockchain can be applied to a host of industries other than cryptocurrencies. Source: Giphy.com But now, let’s get to the point. As many of you already know, Bitcoin is the world’s most famous cryptocurrency. The transaction of bitcoins between users is executed directly, without the need for a third party such as PayPal, Master Card or any bank. These transactions are registered in a distributed ledger (which we talked about in our last post !) in the big blockchain of the bitcoin network consisting of communicating nodes. Ok, this is where
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