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New Virtual Currency Bitcoin Its Past, Present, and Future

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dc.contributor.author Kim, Gew-rae en_US
dc.date.accessioned 2014-07-16T16:14:36Z
dc.date.available 2014-07-16T16:14:36Z
dc.date.issued 2014-03-28 en_US
dc.identifier.uri https://scholarworks.bridgeport.edu/xmlui/handle/123456789/395
dc.description.abstract Bitcoin is a peer-to-peer payment system and digital currency introduced in 2009 by developer Satoshi Nakamoto. Unlike other currencies, Bitcoins are created by solving math puzzles called mining. There are finite number of bitcoins – 21 million – and All are expected to be mined by 2014. In a key development in 2011, BitPay, a payment processor that allows e-commerce merchants to accept bitcoins, begins operating. BitPay allows both users and senders to remain anonymous by transferring bitcoins between digital wallets that can be set up on computers and mobile phones. The program tracks each bitcoin to prevent counterfeiters. en_US
dc.language.iso en_US en_US
dc.subject Faculty research day en_US
dc.subject Business en_US
dc.subject Bitcoin en_US
dc.subject Cryptocurrency en_US
dc.title New Virtual Currency Bitcoin Its Past, Present, and Future en_US
dc.type Presentation en_US
dc.institute.department School of Business en_US
dc.institute.name University of Bridgeport en_US
dc.event.location Bridgeport, CT en_US
dc.event.name Faculty Research Day en_US


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