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How BitCoin Works « Freethinking Out Loud
http://www.acidzen.org/2011/how-bitcoin-works
November 22, 2011. In the previous post I made an introduction to BitCoin, a new digital currency. Independent from governments, banks and corporations – maintained by its users. The post was mainly about the good aspects of such an experiment. Now it is time to see how BitCoin actually works and what can be done with it. So, how does BitCoin work? I tried to simplify this part as much as possible. If it still gives you troubles, gently skip to the next section. Luckily, this part is easy. Not that you n...