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Edited ch01_intro.adoc with Atlas code editor

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rgordon 2023-09-29 20:19:57 +00:00
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@ -72,7 +72,7 @@ Behind the scenes, Bitcoin is also the name of the protocol, a peer-to-peer netw
* A decentralized peer-to-peer network (the Bitcoin protocol)
* A public transaction journal (the blockchain)
* A set of rules for independent transaction validation and currency issuance (consensus rules)
* A mechanism for reaching global decentralized consensus on the valid blockchain (Proof-of-Work algorithm)
* A mechanism for reaching global decentralized consensus on the valid blockchain (proof-of-work algorithm)
As a developer, I see Bitcoin as akin to the internet of money, a network for propagating value and securing the ownership of digital assets via distributed computation. There's a lot more to Bitcoin than first meets the eye.
@ -99,14 +99,14 @@ Although these earlier digital currencies worked, they were centralized and, as
Bitcoin was first described in 2008 with the publication of a
paper titled "Bitcoin: A Peer-to-Peer Electronic Cash
System,"footnote:["Bitcoin: A Peer-to-Peer Electronic Cash System,"
Satoshi Nakamoto (https://bitcoin.org/bitcoin.pdf).] written under the
System,"footnote:[https://bitcoin.org/bitcoin.pdf:["Bitcoin: A Peer-to-Peer Electronic Cash System,"]
Satoshi Nakamoto.] written under the
alias of Satoshi Nakamoto (see <<satoshi_whitepaper>>). Nakamoto
combined several prior inventions such as digital signatures and Hashcash to create
a completely decentralized electronic cash system that does not rely on
a central authority for currency issuance or settlement and validation
of transactions. A key innovation was to use a distributed computation
system (called a "Proof-of-Work" algorithm) to conduct a global
system (called a "proof-of-work" algorithm) to conduct a global
lottery every 10 minutes on average, allowing the decentralized network to
arrive at _consensus_ about the state of transactions. This
elegantly solves the issue of double-spend where a single currency unit