Understanding the blockchain The global enthusiasm for blockchain was sparked by Bitcoin,which has been the most successful application of this te-chnology to date.Satoshi Nakamoto’s article,Bitcoin:A Peer-to-Peer Electronic Cash System,although specific to Bitcoin,remains the leading literature for the study of blockchain technology.This article therefore uses Nakamoto’s paper as the theoretical basis,and Bitcoin as a case study,for a new analysis in the nature of blockchain.
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