Investigating cryptocurrencies
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After , no new bitcoins will be issued. All the properties of bitcoin, including currency, transactions, payments, and the security model that does not depend on central authority or trust, derive from this invention. Even at a speed of more than , hashes per second, it still requires 10 minutes on a consumer laptop to find this solution. In Chapter 5 , we saw how wallet software creates transactions by collecting UTXO, providing the appropriate unlocking scripts, and then constructing new outputs assigned to a new owner.
