The gold standard – an economy with a finite money supply – was accepted mainstream monetary policy up to the…

Each transaction output doesn’t just specify a public key. It actually specifies a script. What is a script, and why…

Let’s start with transactions, Bitcoin’s fundamental building block. We’re going to use a simplified model of a ledger for the…

Let’s pause for a moment. Everything that we’ve described so far is just an abstract algorithm for achieving distributed consensus…

In a generic manner, centralization and decentralization. Let’s now examine decentralization in Bitcoin at a more technical level. A key…

Decentralization is an important concept that is not unique to Bitcoin. The notion of competing paradigms of centralization versus decentralization…

Back in time before there were governments, before there was currency, one system that worked for acquiring goods was barter.…

The path to Bitcoin is littered with the corpses of failed attempts. I’ve compiled a list of about a hundred…

WHILE WE HAVE SO FAR DISCUSSED it as currency, its advocates frequently promote Bitcoin as a new form of money…