Apr 12, 2020
8 min read
The Bitcoin whitepaper, explained and commented — section 4: Proof-of-Work
This is the 4th part of our series dissecting Satoshi Nakamoto’s original Bitcoin whitepaper from 2008. In the previous part, we introduced the idea of timestamps as a solution to the problem of organizing blocks of transactions in a peer-to-peer environment. As previously, quotes are from the whitepaper.
