I've read some popular articles and skimmed some quite technical explanations of Bitcoin, but when fishpi explained it to me, I realised I'd never actually quite "got it".
This is obviously a top-level summary of what it does, not sufficient detail to show it's secure, but for me the salient facts were:
- Accounts are identified by public keys. Anyone can have as many accounts as they like just by generating a public/private key pair on their own computer, without needing anything from anyone else.
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