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November 2017. Archived from the original (PDF) on "Bitcoin, the nationless electronic cash beloved by hackers, bursts into financial mainstream". Retrieved Elliott, Francis; Duncan, Gary. Stornetta, "Secure names for bit-strings In Proceedings of the 4th ACM Conference on Computer and Communications Security, pages 28-35, April 1997. As mentioned in earlier sections, nodes always consider the longest chain to be the correct one and will work on extending. The electronic coins are made from digital signatures, and proof-of-work that form the blockchain prevent double-spending. Archived from the original on Retrieved "Re: on anonymity, identity, reputation, and spoofing".
"Art Cashin: The Bitcoin Bubble". A timeline and public history of all transactions prevent double-spending because later transactions would be considered an invalid, or perhaps fraudulent, payment from the same coin. Retrieved 16 November 2017. 9 10 Satoshi Nakamoto released the Version.1 of bitcoin software on Sourceforge on Nakamoto claimed that work on the writing of the code began in 2007. Archived from the original on 17 February 2014. The problem with this solution is that the fate of the entire money system depends on the company running the mint, with every transaction having to go through them, just like a bank.
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