© The Author(s), under exclusive license to APress Media, LLC, part of Springer Nature 2022
S. GomzinCrypto Basicshttps://doi.org/10.1007/978-1-4842-8321-9_2

2. How Bitcoin Works

Slava Gomzin1  
(1)
Frisco, TX, USA
 

In a way it is even humiliating to watch… miners working. It raises in you a momentary doubt about your status as an ‘intellectual’ and a superior person generally.

—George Orwell. The Road to Wigan Pier

The former Soviet Union used to be the largest country in the world, with its territory occupying about one-sixth of the entire Earth’s land surface and controlling about half of Europe (all the modern Eastern European countries). As we can see today, most subjects of the “Evil Empire” were not joined voluntarily. Therefore, the communists ...

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