Bitcoin white paper turns 15 years old

Fifteen years ago today, Satoshi Nakamoto — whose true identity remains a mystery — published their seminal white paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System.”

Spanning just nine pages, this document offered up a blueprint that reimagined the way we perceive and transfer value in a digital age. It delved into the intricacies of cryptographic hashing, the architecture of blocks and the timing mechanisms that would be used to sustain them.

One of the white paper’s main innovations was its proposed proof-of-work system. While not Satoshi’s invention, its application in the context of a decentralized cryptocurrency was novel. Building upon ideas like Adam…

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