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Bitcoin - Coggle Diagram
Bitcoin
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Mining
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As a reward for publishing blocks, they get to keep Bitcoins. (50 for the first 4 years, 25 now, halving every four years)
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Don’t do it (unless you have cash, time, and an underutilized electrical engineering skill)
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Mechanism
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Blocks are linked to previous blocks, creating a chain of blocks
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Regulation of Bitcoin
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To stop bitcoin trading, the US will have to be ON your computer
Blocking the US from Bitcoins will hinder our participation in a possible technology revolution; American companies will lose contracts
Blockchain
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If there are disagreements about valid blocks, the blockchain can fork
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History
Released January 30, 2009
The original version of the Bitcoin-QT program was apparently written and published by a person who goes by the name of Satoshi Nakamoto.
Some time after starting the software, Mr. Nakamoto stopped communicating with the developers who took over the project.
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Wiki from Hawaiian wiki, 'fast' - the name given to a website, whose pages can be edited directly from the browser, where users create, modify or delete content that they generally share. Open source is the process by which open source software is developed, or similarly software whose source code is publicly available.
Open source is the process by which open source software is developed, or similarly software whose source code is publicly available.