Published
5 years ago on
October 09, 2018
“[Bitcoin is] 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.”Bitcoin is currently in the green and is up 1.12% with it being priced at $6.642.92 at the current time of writing.What are your thoughts? Let us know what you think down in the comments below!References:CoinMarketCapEthereum World News Investment Disclaimer