Bitcoin (BTC) entered our lives 14 years ago today with the whitepaper (prospectus) published by the mysterious founder Satoshi Nakamoto.
Satoshi Nakamoto, the mysterious founder of Bitcoin October 31, 2008“Bitcoin: Peer-to-Peer Electronic Cash System” in 9 pages and 12 chapters He published his technical and, in a way, philosophical text. This text, which means the birth of Bitcoin, is by Nakamoto. to a mailing group was thrown and spread to the people. This text, which is almost revolutionary against the financial markets, includes details on how Bitcoin works.
Although nowadaysblockchain”, the phrase “blockchain” does not appear anywhere in this text written by Nakamoto. Nakomoto uses this technology throughout the text. proof-of-work chain (proof-of-work network) or chain of digital signatures (digital signature network).
This technology, which touches every aspect of payment transactions, elections, traceability and innovative developments, was explained by Nakamoto with the following statements:
What is needed is; It is an electronic payment system based on encryption proof rather than trust, in which two parties are directly connected to each other. I’m working on a new electronic cash system where there is no need for peer-to-peer, third-party trust.
If you want to get more detailed information about this technology on Bitcoin’s birthday, you can find the Turkish version of the text here.