The Bitcoin Whitepaper

The Bitcoin whitepaper, authored by Satoshi Nakamoto, introduces a decentralized digital currency that allows peer-to-peer transactions without a trusted third party. It explains how a distributed network of computers maintains a secure ledger, called the blockchain, where every transaction is recorded transparently and immutably. This system uses cryptography to verify transactions and prevents double-spending, enabling trustless exchanges. Essentially, it presents a new way to transfer value directly between users, eliminating the need for banks or intermediaries, and creating a secure, transparent, and resilient financial system based on consensus.