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Figure 4-2. An Elliptic Curve Bitcoin uses a specific elliptic curve and set of mathematical constants, as defined in a standard called secp256k1, established by the National Institute of Standards and Tech‐ nology (NIST). The secp256k1 curve is defi an elliptic curve. Below we see an example of an elliptic curve, similar to that used by bitcoin: Introduction | 65 al currency is that digital platforms are easily manipulated. Bitcoin’s distributed ledger, therefore, only allows verified miner Ou Optocurrency, such as bitcoin, let you buy goods and services, or trade them for profit. Cryptocurrency is a form of payment that can be exchanged online for goods and services. Many companies have issued their own currencies, often called tokens, and these can be traded specifically for the good or service that the company provides. Think of them as you would arcade tokens or casino chips. You’ll need to exchange real currency for the cryptocurrency to access the good or service. Cryptocurrencies work using a technology called blockchain. Blockchain is a decentralized technology spread across many computers that manages and records trPDF Image | Mastering Bitcoin
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