as Wallison

Feb 23, 2024 | mail-archive.com | as Wallison |on Fri |James Donald |John Levine

I've been working on a new electronic cash system that's fullypeer-to-peer, with no trusted third party. The paper is available at:http://www.bitcoin.org/bitcoin.pdfThe main properties: Double-spending is prevented with a peer-to-peer network. No mint or other trusted parties. Participants can be anonymous. New coins are made from Hashcash style proof-of-work. The proof-of-work for new coin generation also powers thenetwork to prevent double-spending.