The Bitcoin whitepaper, explained and commented — section 4: Proof-of-Work

Photo by Massimo Botturi on Unsplash

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.

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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