Silk Road1: Theory & Practice
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Silk Road1: Theory & Practice
Public key cryptography is a method for authentication that relies on a set of mathematically related numbers: a private key, a public key, and one or more signatures. The private key, which must be kept secret, can generate a public key that can be distributed freely because it is not possible to determine the private key by examining the public k
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Bitcoin is a digital currency, so it’s intangible, and it’s (in theory) middleman-free because it doesn’t rely on a bank or other institution to keep track of people’s money balances. Instead, Bitcoin relies on a network of computers around the world to keep a shared log, or ledger, of every past payment. This “shared public ledger,” as it’s known,... See more
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