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Over the course of development, our goal is to create a program where if one was to make a small protocol modification in one place, the application stack would continue to function without any further modification. Innovations such as Ethash (see the Yellow Paper Appendix or wiki article), modified Patricia trees (Yellow Paper, wiki) and RLP (YP, wiki) should be, and are, implemented as separate, feature-complete libraries. This is so that even though they are used in Ethereum, even if Ethereum does not require certain features, such features are still usable in other protocols as well. Ethereum development should be maximally done so as to benefit the entire cryptocurrency ecosystem, not just itself. bitcoin robot обменники bitcoin Without the money, there is no security and without the security, the value of the currency and the integrity of the chain both break down. It is for this reason that a blockchain is only useful within the application of money, and money does not magically grow on trees. Yep, it is that simple. A blockchain is only good for one thing, removing the need for a trusted third-party which only works in the context of money. A blockchain cannot enforce anything that exists outside the network. While a blockchain would seem to be able to track ownership outside the network, it can only enforce ownership of the currency that is native to its network. Bitcoin tracks ownership and enforces ownership. If a blockchain cannot do both, any records it keeps will be inherently insecure and ultimately subject to change. In this sense, immutability is not an inherent trait of a blockchain but instead, an emergent property. And if a blockchain is not immutable, its currency will never be viable as a form of money because transfer and final settlement will never be reliably possible. 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Click here for cryptocurrency Links HOW TO BUY AND STORE BITCOINS Just like with gold, in purchasing and storing the asset, you may want to make use of different companies. In fact, you may not want to make use of any company at all to store your bitcoins! But let’s start at the beginning: BUYING YOUR FIRST BITCOINS The easiest way to manage the purchase and sale of Bitcoin is to open an account with a reputable Bitcoin exchange. The process of opening an account is similar in many exchanges and usually requires a passport copy and, in case you want higher deposit and withdrawal limits, a proof of residency. If you are a U.S. citizen, we recommend either Coinbase, for the buy and hold types, or Coinsetter, if you enjoy trading as well. In Europe we recommend Kraken, which has the deepest EUR/BTC orderbook.1 Also the Dutch online shop Bitonic has a good reputation. In Asia we suggest starting your Bitcoin journey with BTCChina or Itbit. If you are from a country with more difficult access to the Western banking system, chances are high there already is a fairly reputable Bitcoin shop in your country that can help you out. Finally, if you are looking to invest in Bitcoin for amounts over $50,000, you may want to consult with one of the Bitcoin funds. The most well-known is Barry Silbert’s Bitcoin Investment Trust, which has about 130,000 BTC under management. Lesser known alternat...