"We define an electronic coin as a chain of digital signatures. Each
"We ((("transactions", "errata in Bitcoin whitepaper", id="transaction-errata")))define an electronic coin as a 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 the coin."
@ -101,7 +101,7 @@ in Bitcoin to date require providing at least one signature. So instead
of saying "a chain of digital signatures" it is more correct to say
"a chain of encumbrances." Given that transactions often have more
than one input and more than one output, the structure is not very
chain-like; it’s more accurately described as a directed acyclic graph
chain-like; it’s more accurately described as a directed acyclic ((("transactions", "errata in Bitcoin whitepaper", startref="transaction-errata")))graph