"Abstract. 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. As
long as a majority of CPU power is controlled by nodes that are not cooperating to
attack the network, they'll generate the longest chain and outpace attackers. The
network itself requires minimal structure. Messages are broadcast on a best effort
basis, and nodes can leave and rejoin the network at will, accepting the longest
proof-of-work chain as proof of what happened while they were gone."
https://bitcoin.org/bitcoin.pdf <-- Read the white paper, save for reference.
There may come a day you cannot share that link,
So I used this to upload the PDF to ipfs, which you can see at this link.
[This is a repost of my Aug 3, 2021 story, with better tags for search; #bitcoin #white #paper #hive #proofofbrain #cent #pay #btc #whitepaper]
"Hive is a constantly evolving and innovative ecosystem that aims to fuel mass adoption of blockchain technology and cryptocurrencies. It makes available and possible opportunities to both its userbase and to the general public. Since its inception, it has steadily grown as an ecosystem, with a diverse family of communities, dapps, content creators, investors and consumers. The performance of the blockchain is designed to scale with widespread adoption of the currency and platforms in mind. By combining the lightning fast processing times and fee-less transactions, Hive is positioned to become one of the leading blockchain technologies used by people around the world."
https://hive.io/whitepaper.pdf
@Darkflame
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