Bitcoin White Paper

The Bitcoin White Paper, written by an anonymous person named Satoshi Nakamoto in 2008, outlines a decentralized digital currency that enables peer-to-peer transactions without a central authority. It introduces blockchain technology, a secure, public ledger that records all transactions. This eliminates the need for banks, reducing fees and processing times. The system relies on cryptographic techniques to ensure security and authenticity, while miners validate transactions and add them to the blockchain, earning bitcoins in return. This innovation aims to create a more transparent, efficient financial system accessible to anyone with internet access.