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Bitcoin is, without a doubt, the most popular cryptocurrency in the world. It was the first cryptocurrency to be launched, way back in 2009 and remained number 1 in the market. The success of the bitcoin model is one of the major catalysts for the proliferation of cryptocurrencies today as developers and entrepreneurs attempt to emulate the success of Satoshi Nakamoto’s digital creation. Due to the enormity of the success recorded by bitcoin, it has attracted a substantial following with many people being part of the community. With such large numbers, there are bound to be disagreements which need to be resolved.