The Bitcoin Whitepaper | Breaking Down the Concepts

The Bitcoin WhitePaper is a beautiful document, but quite a technical one. For those without a background in finance, computer science, or networking, it can be a difficult read.

This essay seeks to demystify the white paper, presenting its concepts in an accessible and straightforward manner for readers without a technical background.

The Bitcoin Whitepaper: Introduction

Imagine you want to send money to your friend online. Normally, you would need to go through a bank or payment service like PayPal to make sure the transaction is secure and your money doesn’t get spent twice (double-spending).

These banks or services act as a third party or middleman….

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