{"id":11904,"date":"2013-12-08T21:38:10","date_gmt":"2013-12-09T03:38:10","guid":{"rendered":"http:\/\/bucktownbell.com\/?p=11904"},"modified":"2013-12-08T21:45:37","modified_gmt":"2013-12-09T03:45:37","slug":"how-the-bitcoin-protocol-actually-works","status":"publish","type":"post","link":"http:\/\/bucktownbell.com\/?p=11904","title":{"rendered":"How the Bitcoin protocol actually works"},"content":{"rendered":"<blockquote><p>It may seem surprising that Bitcoin\u2019s basis is cryptography. Isn\u2019t Bitcoin a currency, not a way of sending secret messages? In fact, the problems Bitcoin needs to solve are largely about securing transactions \u2014 making sure people can\u2019t steal from one another, or impersonate one another, and so on. In the world of atoms we achieve security with devices such as locks, safes, signatures, and bank vaults. In the world of bits we achieve this kind of security with cryptography. And that\u2019s why Bitcoin is at heart a cryptographic protocol.<\/p><\/blockquote>\n<p>via <a href=\"http:\/\/www.michaelnielsen.org\/ddi\/how-the-bitcoin-protocol-actually-works\/\">How the Bitcoin protocol actually works | DDI<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It may seem surprising that Bitcoin\u2019s basis is cryptography. Isn\u2019t Bitcoin a currency, not a way of sending secret messages? In fact, the problems Bitcoin needs to solve are largely about securing transactions \u2014 making sure people can\u2019t steal from &hellip; <a href=\"http:\/\/bucktownbell.com\/?p=11904\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[737],"tags":[742,1107,338,107],"class_list":["post-11904","post","type-post","status-publish","format-standard","hentry","category-stem","tag-bitcoin","tag-currency","tag-encryption","tag-reference"],"_links":{"self":[{"href":"http:\/\/bucktownbell.com\/index.php?rest_route=\/wp\/v2\/posts\/11904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/bucktownbell.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/bucktownbell.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/bucktownbell.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/bucktownbell.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11904"}],"version-history":[{"count":1,"href":"http:\/\/bucktownbell.com\/index.php?rest_route=\/wp\/v2\/posts\/11904\/revisions"}],"predecessor-version":[{"id":11905,"href":"http:\/\/bucktownbell.com\/index.php?rest_route=\/wp\/v2\/posts\/11904\/revisions\/11905"}],"wp:attachment":[{"href":"http:\/\/bucktownbell.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/bucktownbell.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11904"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/bucktownbell.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}