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Bitcoin could 'bring internet to a halt': BIS

Bitcoin could 'bring internet to a halt': BIS

6 years ago
Anonymous $cyhBy-qkd5

https://phys.org/news/2018-06-bitcoin-internet-halt-bis.html

Unlike central bank-issued denominations, virtual currencies are produced, or "mined," by banks of computers solving complex algorithms, and then freely traded online.

The other key difference with typical currencies is that the number of bitcoin in existence can never exceed 21 million. There are currently some 17 million bitcoins in circulation.

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