Revisiting Bitcoin – initial experience and questions

I first read about Bitcoin a number of years ago, and was intrigued. I scanned Satoshi Nakamoto’s initial whitepaper that kicked it all off, and looked into the burgeoning scene emerging around Bitcoin mining – generating the proof-of-work required to discover a particular hash value to generate a new valid coin by expending CPU power and electricity. Back then there wasn’t much you could do with a Bitcoin other than transfer to a small but growing number of other willing individuals. But I thought it was interesting enough to have potential, and obviously plenty of other people did too.

Read more at Finextra

Revisiting Bitcoin – initial experience and questions


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