Our mission is to build an up-to-date, comprehensive and easy searchable database with all Academic Research on Bitcoin and Alternate Crypto Currency’s.
Research and proper documentation is key when understanding the concept of a new technology. BitcoinPapers.com firmly believe that these works from famous and less-famous authors contribute to a better understanding of Bitcoin, blockchain and cryptocurrency’s in general.
The concept of Bitcoin was invented by a software developer called Satoshi Nakamoto.
Bitcoin is a form of digital currency, created and held electronically. It’s not available in a printed shape like other currency’s. Bitcoins are produced by miners and it’s used as a software for the purpose of mathematical equations. Bitcoin can be used to buy things electronically. Probably the best thing about Bitcoin is that there is no centralized entity which controls Bitcoin. With Bitcoin there is not an owner. There are no banks that produce more money to cover up national debt. Instead, with Bitcoin, miners secure the network with an algorithm called Proof of Work.
Transaction fees with Bitcoin are generally lower then FIAT-transactions and with Bitcoin anonimity is, to a certain degree, guaranteed.
A cryptocurrency is basically a digital system that is designed to exchange values between the participants on a decentralized computer network. One of the most famous and widely adopted cryptocurrency is Bitcoin (BTC). It is capturing the attention of a various group of consumers, entrepreneurs, investors etc.
Different cryptographic puzzles (Proof of Work, Proof of Stake etc.) are used by all cryptocurrency’s in regard to keeping the network secure. Transaction herein are stored in a public chain of blocks (The Blockchain). Cryptocurrency’s are gaining much interest of different consumers over the last few years because of this blockchain technology which has lead a number of banks and different corporations to embed this technology in their day-to-day operations.