The History of Cryptocurrency

The Significance of 90s Technology One of the problems that any payment system has to resolve is double-spending. It is of spending the same amount a fraudulent technique. The solution was a reliable third party – a server – which kept records of their balances and transactions. However, this strategy always involved an authority in control of your funds and with all of your personal details. Subsequently, in an anonymous developer 2009 or a set of programmers under an alias Satoshi Nakamoto introduced Bitcoin. Satoshi explained it as a ‘ electronic money system.’ It’s totally decentralized, which means there are no servers and no controlling authority. The idea resembles peer networks for document sharing. For tax purposes, US-based businesses accepting

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