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InAdam Back, another to use machines and spend time and energy trying to achieve something is known as a proof-of-work system and is Bitcoin would later adopt - over time.

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Bitcoin4 Do you own this project? The emergence of the first cryptocurrency has created a conceptual and technological basis that subsequently inspired the development of thousands of competing projects. Retrieved 22 December Losing a private key means losing access to the bitcoins, with no other proof of ownership accepted by the protocol. Retrieved 11 July Retrieved 7 January
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Archived from the original on 20 August Halving Miners. According to research published in the International Review of Financial Analysis in , Bitcoin as an asset is highly volatile and does not behave like any other conventional asset. SWI swissinfo. Archived from the original on 12 July