1eyedmonkey Channel

Bitcoin white paper discussion


Listen Later

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

...more
View all episodesView all episodes
Download on the App Store

1eyedmonkey ChannelBy Dion

  • 5
  • 5
  • 5
  • 5
  • 5

5

1 ratings