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<div style="font-size:162%; border:none; margin:0; padding:.1em; color:#000;">Welcome to the [[Bitcoin]] wiki Essay Database,</div>
<div style="font-size:162%; border:none; margin:0; padding:.1em; color:#000;">Welcome to the [[Bitcoin]] Wiki Essay Database,</div>
<div style="top:+0.2em; font-size:95%;">a collection of free Bitcoin-related research.</div>
<div style="top:+0.2em; font-size:95%;">a collection of free Bitcoin-related research.</div>
'''This wiki is maintained by the Bitcoin community.'''
'''This wiki is maintained by the Bitcoin community.'''

Revision as of 16:33, 19 July 2015

Welcome to the Bitcoin Wiki Essay Database,
a collection of free Bitcoin-related research.

This wiki is maintained by the Bitcoin community.

Featured essay

Bitcoin: A Peer-to-Peer Electronic Cash System (Nakamoto 2008)

A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power.

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