Users can generate new key pairs without contacting any central authority.
β Satoshi Nakamoto
What is needed is an electronic payment system based on cryptographic proof instead of trust.
β Satoshi Nakamoto
Bitcoinβs scripting system enables programmable transactions.
β Satoshi Nakamoto
Each block contains a hash of the previous block, creating a chain.
β Satoshi Nakamoto
It is possible to run a full node and verify transactions independently.
β Satoshi Nakamoto
Mining requires significant energy expenditure to secure the network.
β Satoshi Nakamoto
Bitcoin addresses are derived from public keys through a hashing process.
β Satoshi Nakamoto
Bitcoin provides a censorship-resistant payment system.
β Satoshi Nakamoto
The system rewards nodes that follow the rules and punishes cheating.
β Satoshi Nakamoto
All transactions are publicly visible, but identities are hidden behind addresses.
β Satoshi Nakamoto
