Work assignment (1) Learning objectives 1. Enhance the understanding of essential blockchain terms, characteristics and concepts 2. Autonomously explain the basic concepts of blockchain technology within a given scenario 3. Give an account of the advantages and disadvantages of the features of a specific blockchain application The paper must be approximately between 1500 - 2000 words in length. Diagrams should be used where you consider them appropriate. Their length will be respective to the required analysis/depth for each question. It is a group activity where 4-5 students has to prepare the paper and a presentation of the main findings. The paper shall introduce bitcoin, including its history, development, and context within the modern global economy. A brief to the basic cryptographic principles that underlie bitcoin, and main security principles in storing and transacting bitcoin. Key principles such as mining, wallets, and hashing shall be discussed. And finally, a brief on the nascent industry of digital currencies and how they function