The BTC White Paper is a technical document published on the Internet by Satoshi Nakamoto on October 31, 2008. It is a document that talks about the fundamentals of Bitcoin technology.
However, the word Blockchain does not appear in it. The name Blockchain has emerged with the contribution of the BTC community and more than one developer, which was formed during the implementation of the technology and decentralized model mentioned in the White Paper.
Table of Contents
What is BTC White Paper? How does it work?
Hash Processing Model Defined in BTC White Paper
What Does the BTC White Paper Provide?
Security Description in BTC White Paper
BTC White Paper and Definition of Transaction Power
What is the Main Goal of the BTC White Paper?
What is BTC White Paper? How does it work?
Bitcoin Whitepaper works through the hash function. In order to understand the operation that is intended to be explained in the whole document, it is necessary to consider how hashes, chains and stamps work with each other. In this article, we will explain how all these details work.
Hash Processing Model Defined in BTC White Paper
In fact, the technology of Blockchain is described in the BTC White Paper. However, this name was not used in the document. The developer community, who believed in BTC in the first period, brought this name to the agenda. What is called Blockchain is the Hash operation in the document.
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