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04 Jan 2017

Explain a Bitcoin hash to Me Like I’m Five…

Explain a Bitcoin hash to Me Like I’m Five…For instance, the Bank for International Settlements estimates the amount traded daily for the world’s 180 or so recognised currencies. Last year this ranged from $4.4tn in dollars, down to $1bn for the 37th most actively traded, the Bulgarian lev. In this context, the sum of bitcoin transactions rounds to zero.

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