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#101: Peter Smith—What in the World is Cryptocurrency?
Business Made Simple Podcast
The Complexity of the Internet
4min Snip
00:00
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The way the internet works is it's designed for a file to be split endlessly. So when I send you a hundred dollars worth of Bitcoin, we don't need Chase or the Federal Reserve as intermediaries. All we have to do is look at the network itself because of the use of applied cryptography to secure the transaction. What our space does and what sort of distributed ledger technology, blockchain, cryptocurrency and all this is really just about using applied cryptography.
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