How Does Bitcoin Work?
The whitepaper describes a coin as a chain of digital signatures.
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1.How does the Bitcoin paper describe an electronic coin?
The whitepaper describes a coin as a chain of digital signatures.
2.Marge and Leo each own 10 units and Marge pays Leo 3. What does Leo hold afterwards?
Ten plus 3 makes 13 for Leo and 7 for Marge; together they still hold 20.
3.Which problem does a plain digital coin face?
The paper says a trusted mint could check every payment, but then everything depends on whoever runs it, so payments are announced publicly instead.
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Sources (6)
- Nakamoto, S.: Bitcoin: A Peer-to-Peer Electronic Cash System (Whitepaper, PDF)
- Bitcoin Core Quellcode: src/validation.cpp, Funktion GetBlockSubsidy
- Bitcoin Core Quellcode: src/kernel/chainparams.cpp (Hauptnetz, class CMainParams)
- Yaga, D., Mell, P., Roby, N., Scarfone, K.: Blockchain Technology Overview, NIST Interagency Report 8202, October 2018
- EBA, ESMA, EIOPA (ESAs): EU financial regulators warn consumers on the risks of crypto-assets, Pressemitteilung 16 March 2022
- Eigene Rechnung: Halbierungsregel (50, 210.000 Bloecke)
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