Bitcoin - A peer to peer electronic cash system

Bitcoin - A peer to peer electronic cash system

@amitranjan

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2 months ago 244

Tech #Blockchain #Decentralization #PeerToPeer #Cryptocurrency #bitcoin

Bitcoin - A peer to peer electronic cash system

@amitranjan2 months ago

Bitcoin: A Peer-to-Peer Electronic Cash System
Satoshi Nakamoto
satoshin@gmx.com
www.bitcoin.org…

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2. Transactions
We define an electronic coin as a chain of digital signatures. Each owner transfer…

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4. Proof-of-Work
To implement a distributed timestamp server on a peer-to-peer basis, we will need…

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New transaction broadcasts do not necessarily need to reach all nodes. As long as they reach
many …

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8. Simplified Payment Verification
It is possible to verify payments without running a full networ…

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10. Privacy
The traditional banking model achieves a level of privacy by limiting access to inform…

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Given our assumption that p > q, the probability drops exponentially as the number of blocks the
a…

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Running some results, we can see the probability drop off exponentially with z.
q=0.1
z=0 P=1.000…

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References
[1] W. Dai, "b-money," http://www.weidai.com/bmoney.txt, 1998.
[2] H. Massias, X.S. Av…

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Bitcoin Glossary:
2018 Annual National Seminar
2018 NATIONAL SEMINAR US SENTENCING COMMISSION
N…

10/11

National
Seminar
To receive updates on future events and other Commission
activities, visit us…

11/11

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The (in)famous bitcoin paper by Satoshi Nakamoto

Bitcoin - A peer to peer electronic cash system

@amitranjan

This presentation delves into Bitcoin's electronic cash system, emphasizing blockchain technology and its decentralized nature for secure transactions.

Tech

#Blockchain #Decentralization #PeerToPeer #Cryptocurrency #bitcoin

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