Understanding Bitcoin and Blockchain

2017 is the year when the cryptocurrencies came into limelight with the primary trading in bitcoin being featured on a mainstream market in Chicago, Since then many people started investing into bitcoins or at least wanting to know about bitcoin, mostly including the people from the software industry. In this article it is clearly defined in a stepwise order using meaningful pictures and figures, from the very beginning of cryptocurrencies to the technology behind bitcoin, that is the blockchain technology. Most people do not trust in the security of trading in cryptocurrencies, but after understanding the working of Blockchain one would definitely believe in the technical security of using a cryptocurrency but the financial reasoning to investment in cryptocurrencies is a whole another story.

Keywords

Cryptocurrency(crypto currency), Bitcoin, Blockchain(Block chain),Consensus.

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