HIGHLIGHTS
- who: Satoshi Nakamoto from the (UNIVERSITY) have published the article: Bitcoin: A Peer-to-Peer Electronic Cash System, in the Journal: (JOURNAL)
- what: The authors propose a solution to the double-spending problem using a peer-to-peer network. The solution the authors propose begins with a timestamp server. For the timestamp network, the authors implement the proof-of-work by incrementing a nonce in the block until a value is found that gives the block`s hash the required zero bits.
SUMMARY
The cost of mediation increases transaction costs, limiting . . .
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