15 Facts About the Bitcoin White Paper On Its 15th Birthday
1. The Bitcoin white paper was published on October 31, 2008, under the pseudonym Satoshi Nakamoto.
2. The paper is titled "Bitcoin: A Peer-to-Peer Electronic Cash System" and is just nine pages long.
3. The paper describes Bitcoin as a "completely decentralized electronic cash system without the need for a trusted third party."
4. Bitcoin uses a distributed ledger called a blockchain to record all transactions.
5. The blockchain is secured by cryptography and is very difficult to tamper with.
6. Bitcoin is a scarce asset, with only 21 million bitcoins that will ever be mined.
7. Bitcoin can be used to send and receive payments to anyone in the world, without the need for a bank or other financial institution.
8. Bitcoin transactions are irreversible, which means that once a transaction is confirmed, it cannot be cancelled.
9. Bitcoin is a permissionless network, meaning that anyone can participate without having to ask permission from anyone else.
10. Bitcoin is a global network, with users from all over the world.
11. The Bitcoin white paper has been cited over 100,000 times in academic papers and other publications.
12. The Bitcoin white paper is considered to be one of the most important documents in the history of computer science and finance.
13. Bitcoin has been praised for its potential to revolutionize the financial system and make it more inclusive and accessible to everyone.
14. Bitcoin has also been criticized for its high volatility, energy consumption, and use in criminal activities.
15. Despite the criticisms, Bitcoin has continued to grow in popularity and value over the past 15 years.
Bonus Fact: The Bitcoin white paper has been translated into over 20 languages.
Happy 15th Birthday, Bitcoin White Paper!
