Bitcoin's white paper was published 12 years ago today

On October 31, 2008, the white paper that first described Bitcoin was published on a mailing list for those interested in cryptography. 

"I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party," wrote Satoshi Nakamoto, bitcoin's pseudonymous creator. The link included in that email still works today, directing readers to the nine-page white paper that described the particulars of bitcoin's design. 

"The 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 the network to prevent double spending," Nakamoto wrote in the email. 

THE SCOOP

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Months later, the Bitcoin network went live on January 3, 2009. 

Read the full Bitcoin white paper below:

BitCoin White Paper by ZX Lee