Bitcoinβs architecture prevents double spending reliably.
β Satoshi Nakamoto
Bitcoinβs security model relies on proof-of-work, which is costly and difficult to fake.
β Satoshi Nakamoto
The system removes the risk of chargebacks or payment reversals.
β Satoshi Nakamoto
Bitcoin is a global network that anyone can join.
β Satoshi Nakamoto
Simplified Payment Verification (SPV) allows payment verification without running a full network node.
β Satoshi Nakamoto
Open source development allows anyone to audit and improve the code.
β Satoshi Nakamoto
Bitcoin nodes store the entire blockchain to verify transactions independently.
β Satoshi Nakamoto
The network verifies transaction validity by checking cryptographic signatures.
β Satoshi Nakamoto
Privacy in Bitcoin comes from pseudonymity rather than full anonymity.
β Satoshi Nakamoto
We have proposed a system for electronic transactions without relying on trust.
β Satoshi Nakamoto