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CounterCurrencies: Home

aka. "alt.currency"

PLEASE NOTE: this is compiled in no particular order and with no bias intended. This information is provided for educational research purposes only. Links & references attached.<

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The book Digital is the Cash by Nathaniel Luz describes the evolution of money and where Dash stands in the new world of digital currencies.

Peer-to-peer digital currency differs from traditional money in that there is no central authority responsible for monitoring supply and authenticity. Instead, the hard laws of mathematics govern supply and ensure that only legitimate owners can spend their balances. Assuming users follow recommended security practices, this makes fraudulent spending and theft almost impossible. In the absence of a central authority, each node on the network itself must come to an agreement (or consensus) on the balances of each account (or address) every few minutes. This information is then stored in a block, and irreversibly written and linked to the previous block to form a chain. This constantly updated ledger is accessible by any user of the network and is called the blockchain.