Published On: Mon, Jun 12th, 2017

Op Ed: New Study Finds That 3 Million+ People Use Cryptocurrencies

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Bridging the gap between financial systems and computer whizzes, cryptocurrencies are poised to gain ground in today’s markets. These peer-to-peer systems utilize blockchain technology to conduct and verify transactions.Since the network is decentralized, there is no main authority to judge whether transactions are legitimate or not. The creator of Bitcoin, Satoshi Nakamoto, worked around this by having participants’ computers solve part of a cryptographic puzzle. Helping to solve this verifies the blockchain and grants a specific number — or fractions — of bitcoins.Although it sounds complicated, in theory, anyone with some type of computer can get into …

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