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drusselloctal@gmail.com 2014-10-29 15:56:10 -07:00
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@ -33,8 +33,8 @@ Although these earlier digital currencies worked, they were centralized and, as
Bitcoin represents the culmination of decades of research in cryptography and distributed systems and includes four key innovations brought together in a unique and powerful combination. Bitcoin consists of: Bitcoin represents the culmination of decades of research in cryptography and distributed systems and includes four key innovations brought together in a unique and powerful combination. Bitcoin consists of:
* A decentralized peer-to-peer network (the bitcoin protocol); * A decentralized peer-to-peer network (the bitcoin protocol)
* A public transaction ledger (the blockchain); * A public transaction ledger (the blockchain)
* A decentralized mathematical and deterministic currency issuance (distributed mining) * A decentralized mathematical and deterministic currency issuance (distributed mining)
* A decentralized transaction verification system (transaction script) * A decentralized transaction verification system (transaction script)