Verification > Trust - Deepstash

Verification > Trust

Verification > Trust

Verification > Trust

  • Bitcoin can thus be understood as a technology that converts electricity to truthful records through the expenditure of processing power.
  • Those who expend this electricity are rewarded with the bitcoin currency, and so they have a strong incentive to maintain its integrity. As a result of attaching a strong economic incentive for honesty, Bitcoin’s ledger has been practically incorruptible for the period of its operation so far.
  • By relying entirely on verification, Bitcoin dooms fraudulent transactions to failure and obviates the need for trust in anyone for transactions to be completed.

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gra_maa

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