Bitcoin

Bitcoin

https://bitcoin.org/bitcoin.pdf

It is A Peer - to - Peer Electronic Cash System

1) Transaction

We define an electronic coin as chain of digital signatures. Each owner transfers the coin to the next by digitally signing a hash of the previous transaction and the public key of the next owner and adding these to the end of coin. A Payee can verify the signatures to verify the chain of ownenrship

2) Timestamp Server
3) Proof-Of-Work
4) Network
5) Incentive
6) Reclaiming Diskspace
7) Simplified Payment Verification
8) Combining and Splitting Value
9) Privacy
10) Calcualtions