The Bitcoin Whitepaper: How Satoshi Nakamoto's Vision Changed the World
A deeper understanding of Bitcoin's underlying technology can be gained by studying the original Bitcoin whitepaper. This in-depth analysis covers the technical aspects of the whitepaper and its significance for the future of cryptocurrency.
Originally published in 2008 by the pseudonymous inventor Satoshi Nakamoto, the Bitcoin Whitepaper is one of the most groundbreaking works of computer science since the internet, which lays the foundations of electronic peer-to-peer cash and its underlying blockchain technology.
Bitcoin was introduced as a digital currency to the world in the paper called Bitcoin: A Peer-to-Peer Electronic Cash System.
The Bitcoin Whitepaper is only nine pages long and is a proposal for a trustless system of electronic transactions.
The Bitcoin network creates a structure for making payments without a trusted third party acting as intermediary.
The Bitcoin Whitepaper in simple language attempts to translate complex technological concepts into easy-to-understand terminology
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00:00 Bitcoin
00:11 Abstract
01:16 Chapter One - Introduction
03:00 Chapter Two - Transactions
03:56 Chapter Three - Timestamp Server
04:30 Chapter Four - Proof-of-Work
06:24 Chapter Five - Network
07:50 Chapter Six - Incentive
09:08 Chapter Seven - Reclaiming Disk Space
10:07 Chapter Eight - Simplified Payment Verification
11:25 Chapter Nine - Combining and Splitting Value
12:14 Chapter Ten - Privacy
13:19 Chapter Eleven - Calculations
16:57 Chapter Twelve - Conclusion
18:06 Credits
#Bitcoin #crypto #altcoins #Bitcoin #BTC #Cryptocurrency #Blockchain #Decentralized #DigitalCurrency #Investment #FinancialFreedom #FutureOfMoney #BitcoinWhitepaper
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