The Bitcoin whitepaper, explained and commented: part 5 — network

This is the 5th part of our series dissecting Satoshi Nakamoto’s original Bitcoin whitepaper from 2008. In part 4, we introduced Proof-of-Work, the system used to select which participant eve add the next block to the blockchain. As previously, quotes are from the whitepaper.

Proof-of-Work recap

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Raphael Meyer

Raphael Meyer

Author, KEYS to BITCOIN: learn how Bitcoin really works https://www.amazon.com/dp/1734773324 and Twitter @RaphaTheGrey