The Bitcoin White Paper

The Bitcoin White Paper, written by Satoshi Nakamoto in 2008, introduces a decentralized digital currency that operates without a central authority, like a bank. It uses a technology called blockchain—a transparent, secure ledger where all transactions are recorded publicly. This system employs cryptography to verify transactions and prevent double-spending, ensuring trust without intermediaries. Bitcoin allows peer-to-peer transfers directly between users, maintaining security and integrity through network consensus. Essentially, it reimagines money as digital, decentralizing control and reducing reliance on traditional financial institutions.