the Bitcoin whitepaper, explained and commented — section 2: transactions

In the previous installment, we introduced the general issues encountered with digital cash: mainly, how to solve the double-spending problem without relying on a trusted authority? Satoshi Nakamoto’s solution is to decentralize: to use a peer-to-peer network to record all transactions. How to do that is what we’re discovering now in section 2: transactions. The…

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Raphael Meyer

Raphael Meyer

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