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Minimum Viable Block Chain May 05, 2014

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The block chain is agnostic to any "currency". In fact, it can (and will) be adapted to power many other
use cases. As a result, it pays to understand the how and the why behind the "minimum viable block chain":

What follows is not an analysis of the Bitcoin block chain. In fact, I intentionally omit mentioning both
the currency aspects, and the many additional features that the Bitcoin block chain is using in production
today.

What follows is an attempt to explain, from the ground up, why the particular pieces (digital signatures,
proof-of-work, transaction blocks) are needed, and how they all come together to form the "minimum
viable block chain" with all of its remarkable properties.
Author
Rick Dawson
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