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Blockchain and Bitcoin: Concept, Functionality, and Security

Blockchain and Bitcoin: Concept, Functionality, and Security

Hayden Covington, Young B. Choi
Copyright: © 2019 |Volume: 1 |Issue: 1 |Pages: 11
ISSN: 2577-4816|EISSN: 2577-4824|EISBN13: 9781522563570|DOI: 10.4018/IJCRE.2019010103
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MLA

Covington, Hayden, and Young B. Choi. "Blockchain and Bitcoin: Concept, Functionality, and Security." IJCRE vol.1, no.1 2019: pp.27-37. http://doi.org/10.4018/IJCRE.2019010103

APA

Covington, H. & Choi, Y. B. (2019). Blockchain and Bitcoin: Concept, Functionality, and Security. International Journal of Cyber Research and Education (IJCRE), 1(1), 27-37. http://doi.org/10.4018/IJCRE.2019010103

Chicago

Covington, Hayden, and Young B. Choi. "Blockchain and Bitcoin: Concept, Functionality, and Security," International Journal of Cyber Research and Education (IJCRE) 1, no.1: 27-37. http://doi.org/10.4018/IJCRE.2019010103

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Abstract

Bitcoin and blockchain are two new and innovative technologies that may be confusing. This purpose of this paper is to differentiate these two new technologies and explain their functionalities. The concept of Bitcoin “mining” will be addressed, as well as the impact it has had on the hardware market. Finally, the benefits and concerns of implementing blockchain and Bitcoin will be provided. Despite the concerns, both blockchain and Bitcoin provide a plethora of possible new technological advanced, both in the terms of digital currencies as well as other avenues.

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