diff --git a/ch02.asciidoc b/ch02.asciidoc index dd5c61bf..ee433fc6 100644 --- a/ch02.asciidoc +++ b/ch02.asciidoc @@ -6,13 +6,13 @@ ((("bitcoin", "overview of", id="BCover02")))((("central trusted authority")))((("decentralized systems", "bitcoin overview", id="DCSover02")))The Bitcoin system, unlike traditional banking and -payment systems, is based on decentralized trust. Instead of a central -trusted authority, in Bitcoin, trust is achieved as an emergent property -from the interactions of different participants in the Bitcoin system. +payment systems, does not require trust in third parties. Instead of a central +trusted authority, in Bitcoin, each user can use software running on +their own computer to verify the correct operation of every +aspect of the Bitcoin system. In this chapter, we will examine bitcoin from a high level by tracking a -single transaction through the Bitcoin system and watch as it becomes -"trusted" and accepted by the bitcoin mechanism of distributed consensus -and is finally recorded on the blockchain, the distributed ledger of all +single transaction through the Bitcoin system and watch as it +is recorded on the blockchain, the distributed ledger of all transactions. Subsequent chapters will delve into the technology behind transactions, the network, and mining.