Why bitcoin technology is awesome: 

a lesson in the linked list blockchain and decentralized authorization in 5 points.

Point 1:

The best part about Bitcoin is the blockchain technology, also known as decentralized authorization.

Point 2:

The decentralized consensus of the blockchain means that there is no single controlling, corruptible entity, to which we are all subject.

Point 3:

Risks of blockchain technology do exist. One of the primary risk issues has to do with the 50% computational power of all the users involved. 

Point 4:

Block chain technology is a kind of trustless architecture which does not require reliance on a specific agent.

Point 5:

The blockchain could support not only cryptocurrencies but also other financial instruments; new voting systems; identity and reputation systems; distributed databases; and even the management of assets and resources like energy and water.

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By Lionel Lints

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