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Tuesday, October 31, 2017

Crypto News: Happy Birthday Bitcoin! October 31 Sees $6k Crypto Turn 9 Years Old

Happy Birthday Bitcoin! October 31 Sees $6k Crypto Turn 9 Years Old

Tuesday marks nine years since Satoshi Nakamoto announced the creation of the Bitcoin “Peer-to-Peer Electronic Cash System.”

The Bitcoin whitepaper, still available on the same Bitcoin.org domain as it was in October 2008, offers an increasingly fascinating view into the niche project which in October 2017 has a market cap of over $100 bln. The document famously begins:

“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.”


Full story at http://bit.ly/2xFFjzf


Source: CoinTelegraph


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