Blockchain technology is set to revolutionize business processes. Experts attest it has great potential. Politicians have also pricked up their ears. Right?
In 2008, the mysterious Satoshi Nakamoto, whose true identity is still unclear, proposed a system that would enable financial transactions between two parties without going through a bank or a service provider such as PayPal. Security and Zero Outage trust should be ensured by a peer-to-peer network that allows forgery-proof transactions by generating a continuous chain of hash-based proof of work consisting of the computationally intensive solving of cryptographic puzzles.
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