Mastering Bitcoin
Asset owners (or custodians) generate private keys, sign messages indicating asset transfer, and then broadcast those messages to the public so that the world can verify the scarce asset hasn’t been double spent. Each private key is tied to a public key. Where KYC/AML are necessary, public keys can be mapped to some off-chain identity system (e.g. ... See more
Kyle Samani • $100 Trillion
Blockchain Bubble or Revolution: The Future of Bitcoin, Blockchains, and Cryptocurrencies
amazon.com
The second solution lay in the mining rewards algorithm, which created exactly the alignment of incentives needed to get the owners of the networked computers to commit the electricity and computing resources needed so that their machines would help maintain the blockchain ledger. Together, these features laid the foundation for a decentralized mec
... See morePaul Vigna , Michael J. Casey • The Age of Cryptocurrency
The next section explains how this works exactly, and I promise I’ll do my best to keep it interesting, but you can skip it if you want—you are now an expert on Bitcoin and the blockchain.