The Bitcoin Whitepaper: Snippets from Satoshi Nakamoto's peer-to-peer electronic payment concept.
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Description
Did you know that the bitcoin white paper is just 9 pages long? But it has the potential to become the rails of the financial ecosystem. In today’s episode, we...
show moreIn today’s episode, we will look at snippets from the Bitcoin whitepaper.
We will look at the concept of peer-to-peer transactions proposed by Satoshi Nakamoto. We will touch upon how Satoshi Nakamoto suggests an electronic peer to peer cash transaction can happen without the involvement of a financial institution.
We look at the various snippers of the bitcoin whitepaper covering blocks, hashing, proof-of-work, nodes and privacy and finally discussing why its almost impossible for some bad actor to tamper with the blockchain network.
Pre-watch:
We recommend watching/listening to what is blockchain and how blockchain works at https://youtu.be/Re7amGr5DmE and what is bitcoin https://youtu.be/Pg3hPGsvJsA
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