BackgroundThe Bitcoin network is a digital creation established by a pseudonymous individual or group, whose ambition was to establish a medium of exchange beyond the control of any single entity or government. From this concept the Bitcoin network was born, a software protocol of interconnected computers operating together to facilitate activity on the network and maintain a permanent public record of transactions. There is no single owner or operator of the Bitcoin network, much the same as there is no single entity which owns or operates the internet. Anyone with an internet connection, any…

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