CH02::intro: remove statements that Bitcoin requires trust

Users operating a full node don't need to trust anyone else for certain
guarantees about the system, although they do need at least one honest
peer to obtain some other guarantees.  Clarify this in the text by
revising text about text and emergent properties.
develop
David A. Harding 1 year ago
parent ef06e4294b
commit be0ab0c6c5

@ -6,13 +6,13 @@
((("bitcoin", "overview of", id="BCover02")))((("central trusted ((("bitcoin", "overview of", id="BCover02")))((("central trusted
authority")))((("decentralized systems", "bitcoin overview", authority")))((("decentralized systems", "bitcoin overview",
id="DCSover02")))The Bitcoin system, unlike traditional banking and id="DCSover02")))The Bitcoin system, unlike traditional banking and
payment systems, is based on decentralized trust. Instead of a central payment systems, does not require trust in third parties. Instead of a central
trusted authority, in Bitcoin, trust is achieved as an emergent property trusted authority, in Bitcoin, each user can use software running on
from the interactions of different participants in the Bitcoin system. 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 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 single transaction through the Bitcoin system and watch as it
"trusted" and accepted by the bitcoin mechanism of distributed consensus is recorded on the blockchain, the distributed ledger of all
and is finally recorded on the blockchain, the distributed ledger of all
transactions. Subsequent chapters will delve into the technology behind transactions. Subsequent chapters will delve into the technology behind
transactions, the network, and mining. transactions, the network, and mining.

Loading…
Cancel
Save