In 2008, Satoshi Nakamoto—an individual or group of individuals—
released a paper that described Bitcoin, a first of its kind, peer-to-peer electronic
cash system. Bitcoin relies mostly on existing technology but requires
a new invention, a blockchain, to solve an old problem: how do two parties
conduct an online transaction without knowing or trusting each other and
without the need for a trusted third-party intermediary? Encryption and
large-scale redundancy was combined with Nakamoto’s blockchain to solve
this problem for the first time—the Bitcoin blockchain is the key.
GABISON Garry;
2017-04-10
Southern Methodist University, Dedman School of Law
JRC101825
http://stlr.law.smu.edu/Home.aspx,
https://publications.jrc.ec.europa.eu/repository/handle/JRC101825,
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