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myarbrough@oreilly.com 2014-11-18 11:57:50 -08:00
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[[ch9]]
== Alternative Chains, Currencies, and Applications
== Alternative Chains, Currencies, pass:[<phrase role="keep-together">and Applications</phrase>]
Bitcoin was the result of twenty years of research in distributed systems and currencies and brought a revolutionary new technology into the space: the decentralized consensus mechanism based on Proof-Of-Work. This invention at the heart of bitcoin has ushered a wave of innovation in currencies, financial services, economics, distributed systems, voting systems, corporate governance, and contracts.