/Revealed: Bitcoin and Ethereum Have a Hidden Power Structure

Revealed: Bitcoin and Ethereum Have a Hidden Power Structure



To make it clearer, assume that each particular Bitcoin owned by someone (anywhere,) represents a block. Now, for the block to change ownership the buyer is able to verify its legitimacy as well as track its history of ownership. Everyone in the chain also gets to see that a certain coin has either been …

Source: Revealed: Bitcoin and Ethereum Have a Hidden Power Structure