To those who associate. These articles explore Bitcoin, a protocol¹ designed for achieving consensus without trusted third parties. Bitcoin is competitive², miners compete, as do ideas underpinning the rule set. Over time, Bitcoin has evolved into various software implementations, or "dialects," each with their own ledger, value system, and record of activity. We refer to Bitcoin as the combined capabilities, state and potential of all these dialects and aim to shed light on its foundations, its evolution, and its potential to reshape the future.¹ A fixed set of rules that make bitcoin transactions immutabile, giving rise to other benefits.² All SHA-256d Bitcoin chains that trace an unbroken sequence of digital signatures to the Genesis Block—created on January 3, 2009 (hash: 000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f) and continue to find blocks every ~10 minutes are part of this competition.

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