Bitcoin: A Peer-to-Peer Electronic Cash System

A completely censorship-free forum for discussing bitcoin, a peer-to-peer electronic cash system.

To combat the ongoing censorship in other bitcoin related subs, such as bitcoin, btc, bitcoincash, bitcoinsv, and cryptocurrency, I have created this sub to allow free speech on the topic of bitcoin and all other topics. People who promote BTC, BCH, BSV, as well as any other cryptocurrency, are allowed to have discussion here.
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Bitcoin

Discussion about Bitcoin. BitcoinSV restores the original Bitcoin protocol, will keep it stable, and allow it to massively scale on-chain. BSV will maintain the vision laid out by Satoshi Nakamoto in the 2008 white paper - Bitcoin: A Peer-to-Peer Electronic Cash System.
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Bitcoin SV

Bitcoin SV is the original Bitcoin It restores the original Bitcoin protocol, will keep it stable, and allow it to massively scale. Bitcoin SV will maintain the vision set out by Satoshi Nakamoto’s white paper in 2008: Bitcoin: A Peer-to-Peer Electronic Cash System.
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PurseIO Announcement: We bought into the idea of bitcoin as sound money underpinned by “A Peer-to-Peer Electronic Cash System.”

PurseIO Announcement: We bought into the idea of bitcoin as sound money underpinned by “A Peer-to-Peer Electronic Cash System.” submitted by unstoppable-cash to btc [link] [comments]

Avalanche As A More Legitimate Peer-To-Peer Electronic Cash System Than Bitcoin Cash

submitted by Jstodd_ to Avalanche_ [link] [comments]

Vintage Bitcoin: A peer to peer electronic cash system Poster

Vintage Bitcoin: A peer to peer electronic cash system Poster submitted by NeedFUD to Bitcoin [link] [comments]

Does Bitcoin work like a Peer-to-Peer Electronic Cash System?

Does Bitcoin work like a Peer-to-Peer Electronic Cash System? submitted by 500239 to btc [link] [comments]

ABC 0.21 changes the BCH protocol to issue 5% of every new coin and 5% of all transaction fees to Amaury Sechet and his friends. Do not run this software if you care about the future of bitcoin: a peer-to-peer electronic cash system.

ABC 0.21 changes the BCH protocol to issue 5% of every new coin and 5% of all transaction fees to Amaury Sechet and his friends. Do not run this software if you care about the future of bitcoin: a peer-to-peer electronic cash system. submitted by WildFireca to btc [link] [comments]

Vintage Bitcoin: A peer to peer electronic cash system Poster (x-post from /r/Bitcoin)

Vintage Bitcoin: A peer to peer electronic cash system Poster (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Avoid Store-of-Value or Digital Gold Distractions: Bitcoin is STILL A Peer-to-Peer Electronic Cash System

Avoid Store-of-Value or Digital Gold Distractions: Bitcoin is STILL A Peer-to-Peer Electronic Cash System submitted by Egon_1 to btc [link] [comments]

Peter R. Rizun: "The goal I'm working towards is the global adoption of "Bitcoin: A Peer-to-Peer Electronic Cash System." BCH is currently the most promising means of achieving that end. But it's important to remember that BCH is not the end in itself—better money for the world is."

Peter R. Rizun: submitted by Egon_1 to btc [link] [comments]

Bitcoin SV is the only Bitcoin protocol that follows the vision set out by Satoshi Nakamoto’s white paper in 2008 - Bitcoin: A Peer-to-Peer Electronic Cash System.

submitted by thacypha to bitcoinsv [link] [comments]

Bitcoin: A Peer-to-Peer Electronic Cash System 🍎

Bitcoin: A Peer-to-Peer Electronic Cash System 🍎 submitted by Egon_1 to btc [link] [comments]

Faiā 🔥 on Twitter: "FAIASIDE A weekly Podcast by Faiā with your host @AdamBowcutt Our special guest for EP10 is Dr. Craig Wright ‘Bitcoin, Taking The Long Road & Education’ 🔥 #Bitcoin: A Peer-to-Peer Electronic Cash System 🔥 Craig Wright #CSW 🔥 nChain @nChainGlobal This Friday

Faiā 🔥 on Twitter: submitted by thacypha to bitcoinsv [link] [comments]

05-26 00:14 - '"Bitcoin is a peer to peer electronic cash system created by Dr. Craig Wright under the pseudonym Satoshi Nakamoto."' (wiki.bitcoinsv.io) by /u/redditor157b removed from /r/Bitcoin within 12-22min

"Bitcoin is a peer to peer electronic cash system created by Dr. Craig Wright under the pseudonym Satoshi Nakamoto."
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Bitcoin (BTC)A Peer-to-Peer Electronic Cash System.

Bitcoin (BTC)A Peer-to-Peer Electronic Cash System.
  • Bitcoin (BTC) is a peer-to-peer cryptocurrency that aims to function as a means of exchange that is independent of any central authority. BTC can be transferred electronically in a secure, verifiable, and immutable way.
  • Launched in 2009, BTC is the first virtual currency to solve the double-spending issue by timestamping transactions before broadcasting them to all of the nodes in the Bitcoin network. The Bitcoin Protocol offered a solution to the Byzantine Generals’ Problem with a blockchain network structure, a notion first created by Stuart Haber and W. Scott Stornetta in 1991.
  • Bitcoin’s whitepaper was published pseudonymously in 2008 by an individual, or a group, with the pseudonym “Satoshi Nakamoto”, whose underlying identity has still not been verified.
  • The Bitcoin protocol uses an SHA-256d-based Proof-of-Work (PoW) algorithm to reach network consensus. Its network has a target block time of 10 minutes and a maximum supply of 21 million tokens, with a decaying token emission rate. To prevent fluctuation of the block time, the network’s block difficulty is re-adjusted through an algorithm based on the past 2016 block times.
  • With a block size limit capped at 1 megabyte, the Bitcoin Protocol has supported both the Lightning Network, a second-layer infrastructure for payment channels, and Segregated Witness, a soft-fork to increase the number of transactions on a block, as solutions to network scalability.

https://preview.redd.it/s2gmpmeze3151.png?width=256&format=png&auto=webp&s=9759910dd3c4a15b83f55b827d1899fb2fdd3de1

1. What is Bitcoin (BTC)?

  • Bitcoin is a peer-to-peer cryptocurrency that aims to function as a means of exchange and is independent of any central authority. Bitcoins are transferred electronically in a secure, verifiable, and immutable way.
  • Network validators, whom are often referred to as miners, participate in the SHA-256d-based Proof-of-Work consensus mechanism to determine the next global state of the blockchain.
  • The Bitcoin protocol has a target block time of 10 minutes, and a maximum supply of 21 million tokens. The only way new bitcoins can be produced is when a block producer generates a new valid block.
  • The protocol has a token emission rate that halves every 210,000 blocks, or approximately every 4 years.
  • Unlike public blockchain infrastructures supporting the development of decentralized applications (Ethereum), the Bitcoin protocol is primarily used only for payments, and has only very limited support for smart contract-like functionalities (Bitcoin “Script” is mostly used to create certain conditions before bitcoins are used to be spent).

2. Bitcoin’s core features

For a more beginner’s introduction to Bitcoin, please visit Binance Academy’s guide to Bitcoin.

Unspent Transaction Output (UTXO) model

A UTXO transaction works like cash payment between two parties: Alice gives money to Bob and receives change (i.e., unspent amount). In comparison, blockchains like Ethereum rely on the account model.
https://preview.redd.it/t1j6anf8f3151.png?width=1601&format=png&auto=webp&s=33bd141d8f2136a6f32739c8cdc7aae2e04cbc47

Nakamoto consensus

In the Bitcoin network, anyone can join the network and become a bookkeeping service provider i.e., a validator. All validators are allowed in the race to become the block producer for the next block, yet only the first to complete a computationally heavy task will win. This feature is called Proof of Work (PoW).
The probability of any single validator to finish the task first is equal to the percentage of the total network computation power, or hash power, the validator has. For instance, a validator with 5% of the total network computation power will have a 5% chance of completing the task first, and therefore becoming the next block producer.
Since anyone can join the race, competition is prone to increase. In the early days, Bitcoin mining was mostly done by personal computer CPUs.
As of today, Bitcoin validators, or miners, have opted for dedicated and more powerful devices such as machines based on Application-Specific Integrated Circuit (“ASIC”).
Proof of Work secures the network as block producers must have spent resources external to the network (i.e., money to pay electricity), and can provide proof to other participants that they did so.
With various miners competing for block rewards, it becomes difficult for one single malicious party to gain network majority (defined as more than 51% of the network’s hash power in the Nakamoto consensus mechanism). The ability to rearrange transactions via 51% attacks indicates another feature of the Nakamoto consensus: the finality of transactions is only probabilistic.
Once a block is produced, it is then propagated by the block producer to all other validators to check on the validity of all transactions in that block. The block producer will receive rewards in the network’s native currency (i.e., bitcoin) as all validators approve the block and update their ledgers.

The blockchain

Block production

The Bitcoin protocol utilizes the Merkle tree data structure in order to organize hashes of numerous individual transactions into each block. This concept is named after Ralph Merkle, who patented it in 1979.
With the use of a Merkle tree, though each block might contain thousands of transactions, it will have the ability to combine all of their hashes and condense them into one, allowing efficient and secure verification of this group of transactions. This single hash called is a Merkle root, which is stored in the Block Header of a block. The Block Header also stores other meta information of a block, such as a hash of the previous Block Header, which enables blocks to be associated in a chain-like structure (hence the name “blockchain”).
An illustration of block production in the Bitcoin Protocol is demonstrated below.

https://preview.redd.it/m6texxicf3151.png?width=1591&format=png&auto=webp&s=f4253304912ed8370948b9c524e08fef28f1c78d

Block time and mining difficulty

Block time is the period required to create the next block in a network. As mentioned above, the node who solves the computationally intensive task will be allowed to produce the next block. Therefore, block time is directly correlated to the amount of time it takes for a node to find a solution to the task. The Bitcoin protocol sets a target block time of 10 minutes, and attempts to achieve this by introducing a variable named mining difficulty.
Mining difficulty refers to how difficult it is for the node to solve the computationally intensive task. If the network sets a high difficulty for the task, while miners have low computational power, which is often referred to as “hashrate”, it would statistically take longer for the nodes to get an answer for the task. If the difficulty is low, but miners have rather strong computational power, statistically, some nodes will be able to solve the task quickly.
Therefore, the 10 minute target block time is achieved by constantly and automatically adjusting the mining difficulty according to how much computational power there is amongst the nodes. The average block time of the network is evaluated after a certain number of blocks, and if it is greater than the expected block time, the difficulty level will decrease; if it is less than the expected block time, the difficulty level will increase.

What are orphan blocks?

In a PoW blockchain network, if the block time is too low, it would increase the likelihood of nodes producingorphan blocks, for which they would receive no reward. Orphan blocks are produced by nodes who solved the task but did not broadcast their results to the whole network the quickest due to network latency.
It takes time for a message to travel through a network, and it is entirely possible for 2 nodes to complete the task and start to broadcast their results to the network at roughly the same time, while one’s messages are received by all other nodes earlier as the node has low latency.
Imagine there is a network latency of 1 minute and a target block time of 2 minutes. A node could solve the task in around 1 minute but his message would take 1 minute to reach the rest of the nodes that are still working on the solution. While his message travels through the network, all the work done by all other nodes during that 1 minute, even if these nodes also complete the task, would go to waste. In this case, 50% of the computational power contributed to the network is wasted.
The percentage of wasted computational power would proportionally decrease if the mining difficulty were higher, as it would statistically take longer for miners to complete the task. In other words, if the mining difficulty, and therefore targeted block time is low, miners with powerful and often centralized mining facilities would get a higher chance of becoming the block producer, while the participation of weaker miners would become in vain. This introduces possible centralization and weakens the overall security of the network.
However, given a limited amount of transactions that can be stored in a block, making the block time too longwould decrease the number of transactions the network can process per second, negatively affecting network scalability.

3. Bitcoin’s additional features

Segregated Witness (SegWit)

Segregated Witness, often abbreviated as SegWit, is a protocol upgrade proposal that went live in August 2017.
SegWit separates witness signatures from transaction-related data. Witness signatures in legacy Bitcoin blocks often take more than 50% of the block size. By removing witness signatures from the transaction block, this protocol upgrade effectively increases the number of transactions that can be stored in a single block, enabling the network to handle more transactions per second. As a result, SegWit increases the scalability of Nakamoto consensus-based blockchain networks like Bitcoin and Litecoin.
SegWit also makes transactions cheaper. Since transaction fees are derived from how much data is being processed by the block producer, the more transactions that can be stored in a 1MB block, the cheaper individual transactions become.
https://preview.redd.it/depya70mf3151.png?width=1601&format=png&auto=webp&s=a6499aa2131fbf347f8ffd812930b2f7d66be48e
The legacy Bitcoin block has a block size limit of 1 megabyte, and any change on the block size would require a network hard-fork. On August 1st 2017, the first hard-fork occurred, leading to the creation of Bitcoin Cash (“BCH”), which introduced an 8 megabyte block size limit.
Conversely, Segregated Witness was a soft-fork: it never changed the transaction block size limit of the network. Instead, it added an extended block with an upper limit of 3 megabytes, which contains solely witness signatures, to the 1 megabyte block that contains only transaction data. This new block type can be processed even by nodes that have not completed the SegWit protocol upgrade.
Furthermore, the separation of witness signatures from transaction data solves the malleability issue with the original Bitcoin protocol. Without Segregated Witness, these signatures could be altered before the block is validated by miners. Indeed, alterations can be done in such a way that if the system does a mathematical check, the signature would still be valid. However, since the values in the signature are changed, the two signatures would create vastly different hash values.
For instance, if a witness signature states “6,” it has a mathematical value of 6, and would create a hash value of 12345. However, if the witness signature were changed to “06”, it would maintain a mathematical value of 6 while creating a (faulty) hash value of 67890.
Since the mathematical values are the same, the altered signature remains a valid signature. This would create a bookkeeping issue, as transactions in Nakamoto consensus-based blockchain networks are documented with these hash values, or transaction IDs. Effectively, one can alter a transaction ID to a new one, and the new ID can still be valid.
This can create many issues, as illustrated in the below example:
  1. Alice sends Bob 1 BTC, and Bob sends Merchant Carol this 1 BTC for some goods.
  2. Bob sends Carols this 1 BTC, while the transaction from Alice to Bob is not yet validated. Carol sees this incoming transaction of 1 BTC to him, and immediately ships goods to B.
  3. At the moment, the transaction from Alice to Bob is still not confirmed by the network, and Bob can change the witness signature, therefore changing this transaction ID from 12345 to 67890.
  4. Now Carol will not receive his 1 BTC, as the network looks for transaction 12345 to ensure that Bob’s wallet balance is valid.
  5. As this particular transaction ID changed from 12345 to 67890, the transaction from Bob to Carol will fail, and Bob will get his goods while still holding his BTC.
With the Segregated Witness upgrade, such instances can not happen again. This is because the witness signatures are moved outside of the transaction block into an extended block, and altering the witness signature won’t affect the transaction ID.
Since the transaction malleability issue is fixed, Segregated Witness also enables the proper functioning of second-layer scalability solutions on the Bitcoin protocol, such as the Lightning Network.

Lightning Network

Lightning Network is a second-layer micropayment solution for scalability.
Specifically, Lightning Network aims to enable near-instant and low-cost payments between merchants and customers that wish to use bitcoins.
Lightning Network was conceptualized in a whitepaper by Joseph Poon and Thaddeus Dryja in 2015. Since then, it has been implemented by multiple companies. The most prominent of them include Blockstream, Lightning Labs, and ACINQ.
A list of curated resources relevant to Lightning Network can be found here.
In the Lightning Network, if a customer wishes to transact with a merchant, both of them need to open a payment channel, which operates off the Bitcoin blockchain (i.e., off-chain vs. on-chain). None of the transaction details from this payment channel are recorded on the blockchain, and only when the channel is closed will the end result of both party’s wallet balances be updated to the blockchain. The blockchain only serves as a settlement layer for Lightning transactions.
Since all transactions done via the payment channel are conducted independently of the Nakamoto consensus, both parties involved in transactions do not need to wait for network confirmation on transactions. Instead, transacting parties would pay transaction fees to Bitcoin miners only when they decide to close the channel.
https://preview.redd.it/cy56icarf3151.png?width=1601&format=png&auto=webp&s=b239a63c6a87ec6cc1b18ce2cbd0355f8831c3a8
One limitation to the Lightning Network is that it requires a person to be online to receive transactions attributing towards him. Another limitation in user experience could be that one needs to lock up some funds every time he wishes to open a payment channel, and is only able to use that fund within the channel.
However, this does not mean he needs to create new channels every time he wishes to transact with a different person on the Lightning Network. If Alice wants to send money to Carol, but they do not have a payment channel open, they can ask Bob, who has payment channels open to both Alice and Carol, to help make that transaction. Alice will be able to send funds to Bob, and Bob to Carol. Hence, the number of “payment hubs” (i.e., Bob in the previous example) correlates with both the convenience and the usability of the Lightning Network for real-world applications.

Schnorr Signature upgrade proposal

Elliptic Curve Digital Signature Algorithm (“ECDSA”) signatures are used to sign transactions on the Bitcoin blockchain.
https://preview.redd.it/hjeqe4l7g3151.png?width=1601&format=png&auto=webp&s=8014fb08fe62ac4d91645499bc0c7e1c04c5d7c4
However, many developers now advocate for replacing ECDSA with Schnorr Signature. Once Schnorr Signatures are implemented, multiple parties can collaborate in producing a signature that is valid for the sum of their public keys.
This would primarily be beneficial for network scalability. When multiple addresses were to conduct transactions to a single address, each transaction would require their own signature. With Schnorr Signature, all these signatures would be combined into one. As a result, the network would be able to store more transactions in a single block.
https://preview.redd.it/axg3wayag3151.png?width=1601&format=png&auto=webp&s=93d958fa6b0e623caa82ca71fe457b4daa88c71e
The reduced size in signatures implies a reduced cost on transaction fees. The group of senders can split the transaction fees for that one group signature, instead of paying for one personal signature individually.
Schnorr Signature also improves network privacy and token fungibility. A third-party observer will not be able to detect if a user is sending a multi-signature transaction, since the signature will be in the same format as a single-signature transaction.

4. Economics and supply distribution

The Bitcoin protocol utilizes the Nakamoto consensus, and nodes validate blocks via Proof-of-Work mining. The bitcoin token was not pre-mined, and has a maximum supply of 21 million. The initial reward for a block was 50 BTC per block. Block mining rewards halve every 210,000 blocks. Since the average time for block production on the blockchain is 10 minutes, it implies that the block reward halving events will approximately take place every 4 years.
As of May 12th 2020, the block mining rewards are 6.25 BTC per block. Transaction fees also represent a minor revenue stream for miners.
submitted by D-platform to u/D-platform [link] [comments]

Bitcoin Cash is doing what Bitcoin set out to do: be a peer to peer electronic CASH system

submitted by MemoryDealers to btc [link] [comments]

The "Bitcoin: A Peer-to-Peer Electronic Cash System" whitepaper was published 11 years ago today. Check out this comic version of the whitepaper, one of the best "ELI5" explanations out there.

The submitted by aminok to CryptoCurrency [link] [comments]

05-26 02:14 - 'Why do people treat Bitcoin as digital gold when Satoshi Nakamoto clearly states in his whitepaper Bitcoin is a Peer-to-Peer electronic cash system. Lets get the record straight for once.' (self.Bitcoin) by /u/tinycoin removed from /r/Bitcoin within 140-150min

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Why do people treat Bitcoin as digital gold when Satoshi Nakamoto clearly states in his whitepaper Bitcoin is a Peer-to-Peer electronic cash system. Lets get the record straight for once.
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05-03 14:05 - 'This is fairly embarrassing, the title of the white paper is peer to peer electronic cash system. Yes it should be sound money but it should also be easy to send money to another person, in a timely manner and of little co...' by /u/Lucania001 removed from /r/Bitcoin within 355-365min

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This is fairly embarrassing, the title of the white paper is peer to peer electronic cash system. Yes it should be sound money but it should also be easy to send money to another person, in a timely manner and of little cost.
The block size limit wasn’t even a thing in the original code, it was placed as a temporary measure for miners, always intended to be increased as we started hitting the limits.
This stuff is written in code and pull requests..... sigh
Good news is though I’m starting to feel like an old timer around here :)
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CSW: "Bitcoin is a peer-to-peer token exchange system that can be used as a form of digital cash." Whitepaper (written by the real Satoshi): "Bitcoin: A Peer-to-Peer Electronic Cash System"

Can someone please tell me why BSV people call Bitcoin a token now?
Source :"https://craigwright.net/blog/law-regulation/myths-of-decentralisation/"
So much madness in a few paragraphs, its unbelievable. He is just flipping the narrative to further his own agenda. Every freaking time...and people actually fall for it.
submitted by BitSoMi to bsv [link] [comments]

Bitcoin BCH is the Bitcoin I thought I was getting when I bought Bitcoin back in 2012: a Peer-to-peer Electronic Cash System where the system works "just like cash"

When I got involved with Bitcoin it was the currency of the Silk Road: a digital hard currency that worked like teleportable gold so you could spend it like cash.
The idea of a weightless, invisible, teleportable hard currency was the most disruptive thing I'd ever heard of. I read the white paper, chatted with the devs here on Reddit, and eventually my skepticism became enthusiasm. Bitcoin could do to finance what the web page did to newspapers and what streaming did to music and video.
Along the way came people who didn't think Bitcoin could continue to work the way it had been working from 2009-2015. These people argued that Bitcoin would need to be changed from a Cash System for casual, cashlike payments into a Settlement System for infrequent, high value transfers.
And the rest, as they say, is history:
BTC embarked on its plan to re-engineer itself into a multilayered network by implementing Segwit which essentially froze capacity at 1-2MB for the foreseeable future.
BCH implemented a capacity upgrade that basically gives us onchain scale equivalent to if we had started with 1MB in 2009 and doubled roughly every two years. Which was more or less what the devs were talking about back when I got involved.
Bitcoin Cash BCH is the version of Bitcoin that most closely represents what I thought I was getting, back when I bought Bitcoin.
And most importantly: that vision of Bitcoin - where Alice pays Bob with no intermediary - remains the most disruptive, most impactful vision of Bitcoin.
BCH is Bitcoin: a Peer-to-peer Electronic Cash System
submitted by jessquit to btc [link] [comments]

Charlie Lee: Bitcoin with Lightning Network more closely fits the Bitcoin whitepaper's title: "A Peer-to-Peer Electronic Cash System." This is Satoshi's Vision.

Charlie Lee: Bitcoin with Lightning Network more closely fits the Bitcoin whitepaper's title: submitted by afilja to Bitcoin [link] [comments]

"Satoshi created a Peer-To-Peer Electronic Cash System to connect willing buyers to willing sellers Bitcoin is meant to be EARNED through offering goods, services, and labor in exchange for Bitcoin It wasn't meant to be a collectible bought with fiat from an institution"

submitted by money78 to btc [link] [comments]

BITCOINISM: Using a Peer-to-Peer Electronic Cash System

BITCOINISM: Using a Peer-to-Peer Electronic Cash System submitted by TheNetworkProtocol to Bitcoin [link] [comments]

Bitcoin: A Peer-to-Peer Electronic Cash System Part 5 Bitcoin: A Peer-to-Peer Electronic Cash System [Whitepaper Reading] John Feminella on Bitcoin: A Peer-to-Peer Electronic Cash System [PWL NYC] Read a paper: Bitcoin - A Peer-to-Peer Electronic Cash System Bitcoin: a peer-to-peer electronic cash system - Palestra de 2013

Bitcoin: A Peer-to-Peer Electronic Cash System Satoshi Nakamoto [email protected] www.bitcoin.org Abstract. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main Peer to peer (P2P) electronic cash is simply described as online money sent from one person to another without the need for a trusted third-party. As described in the original Bitcoin whitepaper by Satoshi Nakamoto, P2P cash makes use of digital signatures as part of the solution, but the main benefits are lost if a trusted third party is still ... Bitcoin was created by a person or group of people going by the pseudonym Satoshi Nakamoto. In 2008 they released the whitepaper – Bitcoin: A Peer-To-Peer Electronic Cash System – on a cryptography mailing list. www.bitcoin.org Abstract. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. Bitcoin: A Peer-to-Peer Electronic Cash System. The paper that first introduced Bitcoin. Satoshi Nakamoto's original paper is still recommended reading for anyone studying how Bitcoin works. Choose which translation of the paper you want to read: English (Original) Bahasa Indonesia.

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Bitcoin: A Peer-to-Peer Electronic Cash System Part 5

Bitcoin: A Peer-to-Peer Electronic Cash System [Whitepaper Reading] Amanda B. Johnson. ... A Peer-to-Peer Electronic Cash System - Duration: 15:28. Vivek Haldar 547 views. 15:28. Electronic or Digital Currency: Moving to a Cashless System. What is Bitcoin - the Internet of Value - Central banks may eventually create a purely digital currency issued to it’s citizens Esta foi a primeira palestra que dei sobre a tecnologia do Bitcoin lá em dezembro de 2013, num evento promovido pela empresa ThoughtWorks. ... Bitcoin: a peer-to-peer electronic cash system ... Bitcoin: A Peer-to-Peer Electronic Cash System, Satoshi Nakamoto, 2008. https://bitcoin.org/bitcoin.pdf This month Eric Scrivner (@etscrivner) presented Bitcoin: A Peer-to-Peer Electronic Cash System---Bitcoin is many things - a critique, a currency, a protocol, and perhaps even acontemporary ...

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