Bitcoin whitepaper (Satoshi Nakamoto)

The Bitcoin whitepaper, authored by Satoshi Nakamoto, introduces a digital currency that operates without a central authority. It explains how a secure, decentralized network can record financial transactions through a process called blockchain, where each transaction is verified by participants (miners). This system prevents double-spending and ensures trust without needing banks or governments. Bitcoin enables peer-to-peer transfers with transparency and security, using cryptography to protect user identities and consensus mechanisms to maintain the ledger’s integrity. Essentially, it presents a novel way to transfer value electronically, fostering financial autonomy and innovation.