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myarbrough@oreilly.com 2014-11-18 11:57:50 -08:00
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[[ch9]] [[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. 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.