The Bitcoin White Paper: 7. Reclaiming Disk Space

The Bitcoin White Paper: 7. Reclaiming Disk Space… “Bitcoin: A Peer-to-Peer Electronic Cash System Satoshi Nakamoto October 31, 2008” Satoshi moves onto to keeping Bitcoin efficient. Keeping a running ledger of all the transactions on everyone’s node can seem scary. How do we keep things under control so the average user can run a Bitcoin … Read more

The Bitcoin White Paper: 5. Network

The Bitcoin White Paper: 5. Network… “Bitcoin: A Peer-to-Peer Electronic Cash System Satoshi Nakamoto October 31, 2008” Satoshi goes into detail about what the Bitcoin Network is.  “5. Network The steps to run the network are as follows: New transactions are broadcast to all nodes. Each node collects new transactions into a block. Each node … Read more

The Bitcoin White Paper: 2. Transactions

The Bitcoin White Paper: 2. Transactions… “Bitcoin: A Peer-to-Peer Electronic Cash System Satoshi Nakamoto October 31, 2008” Onto the second section of the Bitcoin White Paper. Satoshi details what goes into a Bitcoin transaction. “2. Transactions We define an electronic coin as a chain of digital signatures. Each owner transfers the coin to the next … Read more