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Here we discuss/explain Satoshi Nakamoto’s #bitcoin white paper from 2008
satoshi Nakamoto’s Bitcoin white paper introduces Bitcoin, a decentralized digital currency that allows peer-to-peer transactions without relying on a trusted third party, such as banks. It solves the double-spending problem by using a blockchain, a public ledger of transactions maintained by a network of nodes. Transactions are validated using proof-of-work, ensuring that altering the ledger is computationally impractical. Bitcoin offers a solution to the inefficiencies of traditional financial systems, enhancing privacy, security, and reducing transaction costs.
Keywords:
• Decentralization
• Peer-to-peer network
• Blockchain
• Double-spending
• Proof-of-work
• Cryptocurrency
• Digital signatures
• Public ledger
What is money
#Trustless
Decentralized
Blockchain
Digital
Secure
#immutable
http://bitcoin.org/bitcoin.pdf
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Here we discuss/explain Satoshi Nakamoto’s #bitcoin white paper from 2008
satoshi Nakamoto’s Bitcoin white paper introduces Bitcoin, a decentralized digital currency that allows peer-to-peer transactions without relying on a trusted third party, such as banks. It solves the double-spending problem by using a blockchain, a public ledger of transactions maintained by a network of nodes. Transactions are validated using proof-of-work, ensuring that altering the ledger is computationally impractical. Bitcoin offers a solution to the inefficiencies of traditional financial systems, enhancing privacy, security, and reducing transaction costs.
Keywords:
• Decentralization
• Peer-to-peer network
• Blockchain
• Double-spending
• Proof-of-work
• Cryptocurrency
• Digital signatures
• Public ledger
What is money
#Trustless
Decentralized
Blockchain
Digital
Secure
#immutable
http://bitcoin.org/bitcoin.pdf