Bitcoin’s original whitepaper proposed a peer-to-peer electronic cash system that could send payments directly without relying on a financial institution. It introduced a solution to the double-spending problem using a distributed network, timestamps, cryptographic signatures, and Proof-of-Work. Transactions are recorded in blocks and linked together to create a public history. The system also uses mining incentives and transaction fees to support network security.
What do you think is Bitcoin’s most important innovation?
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