The Bitcoin white paper has now turned 12 years since its publication, ushering in a new evolution of programmable money.
Published on October 31, 2008 under the title: “Bitcoin: A Peer-to-Peer Electronic Cash System” by an unidentified author with the pseudonym Satoshi Nakamoto, the white paper has come to define the modern world of cryptocurrencies and blockchain.
The influence of the bitcoin white paper however goes beyond finance. Despite the Satoshi vision for a P2P, decentralized, digital cash system, the blockchain technology has come to define a new layer of trust on the internet that gets popular adopted every passing year.
Today is #Bitcoin White Paper Day!
On October 31, 2008, Satoshi Nakamoto released “Bitcoin: A Peer-to-Peer Electronic Cash System,” the technical vision for a “purely peer-to-peer version of electronic cash” that would become the preeminent cryptocurrency and blockchain.
— Bitcoin Magazine (@BitcoinMagazine) October 31, 2020
Bitcoin and blockchain have fundamentally changed the monetary world. Terms like proof-of-work, distributed ledger technology, decentralized finance, programmable money and smart contracts are now part of the lexicon of anyone serious about the future of money and finance.
As the bitcoin white paper publication celebrates its 12-year anniversary, the promise of a workable P2P digital payment system has been realized and its impact will continue to be felt long into the future.
You can download and read the first and original bitcoin white paper here.
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