Bitcoin (BTC)

Bitcoin is an innovative payment network and a new kind of money. A Peer-to-Peer Electronic Cash System. The paper that first introduced Bitcoin: Bitcoin: A Peer-to-Peer Electronic Cash System by Bolovan Silvia 2021 www.bitcoin.org 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. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an...View all