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How Do Cryptocurrency, Bitcoin, And The Blockchain Economy Work?

On this episode of The Federalist Radio Hour, we ask a Cryptolawyer to explain Bitcoin and the potential future uses for blockchain technology.

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Peter Van Valkenburgh is the research director at Coin Center, a non-profit research and advocacy center focused on the public policy issues facing cryptocurrency and decentralized computing technologies like Bitcoin and Ethereum.

Van Valkenburgh joins Federalist Radio to explain the technical process for mining Bitcoin, as well the skyrocketing value of Bitcoin we’ve seen this year.

“We had this thing that could only be done by PayPal or JP Morgan or a big company, and now it can be done just with software and people dedicating some spare computing power to a network,” he said.

Listen to the full interview here: