The Bitcoin White Paper Was Released 13 Years Ago


The research paper detailing the engineering and design requirements to enable the first distributed, uncensorable, electronic digital cash system to come to life was released 13 years ago. The Bitcoin white paper publicized the long-sought resolution to the double-spending problem of all previous attempts to build digital cash.

However, contrary to popular belief, the invention of Bitcoin by Satoshi Nakamoto wasn’t precisely an unprecedented construction. The quest for digital cash had started many years before the Bitcoin white paper was published, and Bitcoin is more accurately seen as the culmination of decades of research and development. Satoshi brilliantly applied some tweaks and puzzled it all together to devise the Bitcoin network and its consensus protocol.

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