Archie Chaudhury

Blog Info Bitcoin Magazine
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Stats Has written 4 posts about cryptocurrency

Dec 24 2021

The Shared Connection Of The Bitcoin Community

Dec 24 2021 Published at Bitcoin Magazine under tags  community culture eoy 2021 freedom ideas

More than just a technology or asset, bitcoin has become a focal point for freedom-driven individuals.Satoshi Nakamoto originally invented Bitcoin in 2009 as an alternative to traditional financial systems; like most of us, he1 had seen firsthand the disastrous impact corrupt centralized institutions can have on the world through the 2008 financial crisis. Nakamoto recognized the need for a better...

Nov 08 2021

What Is Nakamoto Consensus And How Does It Power Bitcoin?

Satoshi’s innovation enabled global consensus without a centralized authority, thus creating the first truly trust-free monetary system.One of Bitcoin’s most unique features is its consensus algorithm, which set the precedent for a Byzantine Fault Tolerant (BFT) peer-to-peer currency system. The most common definition of Bitcoin’s consensus algorithm, more specifically, the definition that most online sources...

Oct 30 2021

On Bitcoin Criticism By Wall Street

Oct 30 2021 Published at Bitcoin Magazine under tags  critic culture wall street

Those who criticize Bitcoin fail to see that it is a technological representation of decentralization, often copied by others hoping to improve upon it.Recently, I had the privilege of reading an op-ed in the New York Magazine describing the very public positions of several Wall Street investors and...

Oct 27 2021

Why The Bitcoin Network Is The Original DAO

The creation of the Bitcoin network gave realization to the first peer-to-peer consensus mechanism upon which all other DAOs are built.Decentralized autonomous organizations (DAOs) have long captured the public imagination as one of the primary use cases of blockchain technology. Defined as organizations and groups that do not operate in a centralized or hierarchical manner, DAOs represent another shift toward the...

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