BOT (THE BANK OF TANZANIA),STILL ARGUE ON THE CRPTO-CURRENCY CRAZE AS IT ASSUME DUE IT BEHAVIOR OF FAST CHANGING IN ITS VALUE AND CAUTION TANZANIAN INVOLVED WITH IT DOES ALL TANZANIAN SEE CRYPTO-CURRENCY MUCH CONCERN IS ABOUT BITCOIN THE BIGGEST CRYPTO AND FIRST. .Bitcoin is A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution. Digital signatures provide part of the solution, but the main
benefits are lost if a trusted third party is still required to prevent double-spending.
We propose a solution to the double-spending problem using a peer-to-peer network.
The network timestamps transactions by hashing them into an ongoing chain of
hash-based proof-of-work, forming a record that cannot be changed without redoing
the proof-of-work. The longest chain not only serves as proof of the sequence of
events witnessed, but proof that it came from the largest pool of CPU power. As
long as a majority of CPU power is controlled by nodes that are not cooperating to
attack the network, they'll generate the longest chain and outpace attackers. The
network itself requires minimal structure. Messages are broadcast on a best effort
basis, and nodes can leave and rejoin the network at will, accepting the longest
proof-of-work chain as proof of what happened while they were gone.https://bitcoin.org/bitcoin.pdfBOT (BANK OF TANZANIA) STILL ARGUE ON CRYPTO-CURRENCY
BOT (THE BANK OF TANZANIA),STILL ARGUE ON THE CRPTO-CURRENCY CRAZE AS IT ASSUME DUE IT BEHAVIOR OF FAST CHANGING IN ITS VALUE AND CAUTION TANZANIAN INVOLVED WITH IT DOES ALL TANZANIAN SEE CRYPTO-CURRENCY MUCH CONCERN IS ABOUT BITCOIN THE BIGGEST CRYPTO AND FIRST. .Bitcoin is A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution. Digital signatures provide part of the solution, but the main
benefits are lost if a trusted third party is still required to prevent double-spending.
We propose a solution to the double-spending problem using a peer-to-peer network.
The network timestamps transactions by hashing them into an ongoing chain of
hash-based proof-of-work, forming a record that cannot be changed without redoing
the proof-of-work. The longest chain not only serves as proof of the sequence of
events witnessed, but proof that it came from the largest pool of CPU power. As
long as a majority of CPU power is controlled by nodes that are not cooperating to
attack the network, they'll generate the longest chain and outpace attackers. The
network itself requires minimal structure. Messages are broadcast on a best effort
basis, and nodes can leave and rejoin the network at will, accepting the longest
proof-of-work chain as proof of what happened while they were gone.https://bitcoin.org/bitcoin.pdf
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Highly likely that cryptocurrencies may become the norm and replace physical cash as we know it. While this will be beneficial in terms of making coin exchange.
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