Abstract

A Peer-to-Peer Electronic Cash System

Abstract

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.

The Paper that First Introduced Bitcoin

The paper that first introduced Bitcoin, "Bitcoin: A Peer-to-Peer Electronic Cash System," was published in 2008 by Satoshi Nakamoto. The paper outlined the concept of a decentralized digital currency that could be sent and received without the need for a third party.

Bitcoin is a free open source peer-to-peer electronic cash system that is completely decentralized without the need for a central bank or single administrator.

Conclusion

Bitcoin is a revolutionary new way to send and receive money. It is a secure, anonymous, and efficient way to make payments online.

As Bitcoin continues to grow in popularity, it is likely to have a major impact on the global financial system. It has the potential to make money more accessible to people around the world and to reduce the cost of financial transactions.