Electronic Money and Virtual Currencies (31/42)

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Bitcoins

First Decentralized Virtual Currency Released on Oct. 31, 2008

Satoshi Nakamoto, Bitcoin: A Peer-to-Peer Electronic Cash System

Features of Bitcoins

Protocol for Transaction Processing by a P2P Network of Miners
Open Source System
Exchange of Bitcoins and Fiat Currencies → Speculation
Bitcoin Mining

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