If any buzzword has garnered even more attention than “Bitcoin” over the past few years, it has been “blockchain.”
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It’s not unusual to have questions about the world of Bitcoin and cryptocurrencies. In an effort to clear things up, here are some answers to the most commonly asked ones.
For those interested in creating their own cryptocurrencies, copying the codebase is the easy part. Gaining and maintaining value of the currency, and therefore a market share, is the real challenge.
Something truly unique about Bitcoin is that within its protocol, “ownership” is not based on the rule of law, or user accounts, or even identity. It is solely based on math.