August 27, 2023May 11, 2020

The Bitcoin whitepaper was first released by Satoshi Nakamoto on 31st October 2008.

In it, Satoshi describes how the Bitcoin protocol will work. Titled: Bitcoin: A Peer-to-Peer Electronic Cash System the whitepaper was first distributed to cryptography mailing list in November 2008.

It came shortly after the banking crisis of 2007-08, and in the whitepaper Satoshi proposed a system that could replace the need for central authorities like banks and financial institutions.

What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party.
Satoshi Nakamoto, 2008.

While it is a long way from displacing banks and financial institutions, it has made a significant impact in many industries already. Anybody who doubts Bitcoin, simply doesn’t get it.

It takes everyone a while to even start to understand it, but if you want to know about it, the whitepaper is technical, but should be read by everyone interested in Bitcoin.

Please feel free to download and absorb the Bitcoin Whitepaper.

Bitcoin-Whitepaper Download

Source: bitcoin.org

Tommy

A Bitcoiner since 2017, Tommy is our main writer and editor at Bitcoin Versed. Other than researching and writing about Bitcoin, Tommy supports his beloved Leeds United, watches Bond movies and of course spends time with his family.

Disclaimer

Please be advised that the contents of these posts are not to be construed as investment advice. While some of our contributors may be price analysts, their opinions and analyses are personal views and are shared with the intention of promoting discourse and understanding.

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