Bitcoin Wiki:Essay main page

From Bitcoin Wiki
Revision as of 16:33, 19 July 2015 by Taras (talk | contribs) (Protected "Bitcoin Wiki:Essay main page" ([Move=Allow only administrators] (indefinite)))
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search

Welcome to the Bitcoin Wiki Essay Database,
a collection of free Bitcoin-related research.

This wiki is maintained by the Bitcoin community.

Featured essay

Bitcoin: A Peer-to-Peer Electronic Cash System (Nakamoto 2008)

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 ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power.

Read more

Subjects