A purely peer to peer internet currency that allows online payments to be sent directly from one party to another without going through a financial institution. Explaining the bitcoin white paper what is bitcoin and what is bitcoin white paper. Since then bitcoin s use cases have morphed and multiplied.
Or at least that is what satoshi nakamoto intended it to be when he published the bitcoin white paper on october 31st 2008. Bitcoin is a purely peer to peer version of electronic cash that aims to enable direct payments between parties without the need for financial institutions. Since then countless articles and blog posts have debated satoshi s vision but the text itself has often been overlooked or even ignored.
A peer to peer electronic cash system was published 10 years ago this week. The bitcoin white paper explained satoshi nakamoto s bitcoin white paper bitcoin. A peer to peer electronic cash system which birthed a 200 billion crypto industry and game changing blockchain tech and turned the financial world on its head.
31 2018 ten years ago on october 31 2008 an unknown person or entity called satoshi nakamoto published the revolutionary whitepaper bitcoin. In 2008 when the paper was published satoshi realized the impact of the rise of internet commerce on the global economy. Bitcoin whitepaper explained the basics in this section i will first analyze the introduction of the whitepaper as it will help you understand the idea behind the original cryptocurrency.
Despite this the bitcoin white paper pdf here is a revolutionary document that marks the beginning of the age of digital currency. Authored under the pseudonym satoshi nakamoto the creator s identity is unknown to this day. Released on october 31st 2008 satoshi nakamoto s white paper marks the birth of bitcoin as we know it today.
