The Jan 3rd #bitcoin block party has been postponed due to location access. I will post the new date as soon as I get the keys. Party on
@XSpaces meanwhile. Secure TICKETS https://bitcoinblockparty.eventbrite.com Now
Big Bitcoin Blockchain Bash - Celebrating the Bitcoin First Block Mined
What: Big Bitcoin Block Party - Celebrating 15 Years of Bitcoin First Block:
Where: Dallas, Texas (RSVP for private location)
Hosted by Tokens Magazine published by Charlene Brown
Contact RSVP for Free Tickets 682-337-9737
Get TICKETS https://bitcoinblockparty.eventbrite.com
learn more
Bitcoin: A Peer-to-Peer Electronic Cash System
by Satoshi Nakamoto
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www.bitcoin.org
Abstract. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone.
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