Sublime

The Bitcoin blockchain gives one answer. It is the most rigorous form of history yet known to man, a history that is technically and economically resistant to revision. Thanks to a combination of cryptographic primitives and financial incentives, it is very challenging to falsify the who, what, and when of transactions written to the Bitcoin blockc

The most important data in a wallet database is its private keys. If you lose access to the private keys, you lose the ability to spend your bitcoins. Deterministic key derivation and recovery codes provide a reasonably robust solution for backing up and recovering your keys and the bitcoins they control. However, it’s important to consider that ma

Yet many other cryptocurrency believers, including a cross section of techies and businessmen who see a chance to disrupt the bank-centric payments system, are de facto chartalists. They describe bitcoin not as a currency but as a payments protocol. They are less concerned about its appeal as an intrinsically valuable thing and more with the underl

The blockchain decentralizes trust and makes way to multiple, singularly harmless, but collectively powerful entities that authenticate it.