Bitcoin. A simple explanation of Bitcoin and Block Chain technology

Scientific Essay from the year 2015 in the subject Computer Science - Commercial Information Technology, grade: 10.0, Indiana University of Pennsylvania (Computer Science), course: Cryptography, language: English, abstract: This paper is intended to enlighten curious minds, breakdown and explain what Bitcoin really is in the simplest ways possible. First I will introduce and define what Bitcoin really is and explain the Block Chain technology, give a simple comparison with the internet and why Block Chain will keep thriving, key features of the Block Chain, describe potential systems where the Block Chain technology could be utilised for improvement and finally the conclusion.