BitCoin (another round): rationale, design and implementation

Last year I write an article about. BitCoin. explain once internal processes. The news BitCoin back up again, and many people will do so much more that it’s OK BitCoin. I went back to read the original article, I think it will improve the reading easier. I took the opportunity to re-write again.

Caution : this article remain the technical articles. Will be referred to the encoding process many points you did not understand the encoding process is fundamental to reading. process hash. ,. randomized arithmetic coding , and encryption keys are symmetric , then come back again.

Digital money is not uncommon.

Nowadays we use the digital process is normal. From bank accounts, transfer money online, debit card system, a credit card that we use today purely to verify the database files of the banking system total. Bank notes are not money in the safe deposit amount by the physical. In the case of Thailand. Bank of Thailand said. Cash in, there were about 1. 5 million million, while deposits amounted to 13 million baht, the money is just a number that we own.

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