Limited edition high quality poster of Satoshi Nakamoto's whitepaper, 'Bitcoin: A Peer-to-Peer Electronic Cash System' (Oct, 2008). Designed in Amsterdam, NL.
Amsterdam, The Netherlands
Joined March 2018
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We're on @ProductHunt today! 😺😺 To celebrate, we added a special discount code to our PH page:
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"2. Transactions:
We define an electronic coin as a chain of digital signatures. Each owner transfers the coin to the next by digitally signing a hash of the previous transaction and the public key of the next owner and adding these to the end of the coin. A payee can verify...” xitter.cf/BtcPoster/status/97111…
"9. Combining and Splitting Value: Although it would be possible to handle coins individually, it would be unwieldy to make a separate transaction for every cent in a transfer. To allow value to be split and combined, transactions contain multiple...” xitter.cf/BtcPoster/status/97111…
"11. Calculations:
We consider the scenario of an attacker trying to generate an alternate chain faster than the honest chain. Even if this is accomplished, it does not throw the system open to arbitrary changes, such as creating value out of thin air or taking money...” xitter.cf/BtcPoster/status/97111…
"6. Incentive
By convention, the first transaction in a block is a special transaction that starts a new coin owned by the creator of the block. This adds an incentive for nodes to support the network, and provides a way to initially distribute coins into circulation...” xitter.cf/BtcPoster/status/97111…
"2. Transactions:
We define an electronic coin as a chain of digital signatures. Each owner transfers the coin to the next by digitally signing a hash of the previous transaction and the public key of the next owner and adding these to the end of the coin. A payee can verify...” xitter.cf/BtcPoster/status/97111…