A Guide To Cryptocurrencies

The Guinea Pig Generation

Literature

Bitcoin: A Peer to Peer Electronic Cash System (2009) Satoshi Nakamoto 

The original ‘White Paper’ of Bitcoin written by the still mysterious Satoshi Nakamoto, the pseudonym used by Bitcoins inventor(s). The paper theorises an online payment system in which electronic cash is sent directly from one user to another without the need for a third-party institution such as a bank. It is now recognised that Nakamoto did more than invent a currency. He also solved a longstanding problem in computing, to do with data and networks. His solution was complex, but it involved the use of an infrastructure comprising “blocks” of confirmed transactions that form a chronologically linked “chain”. This paper is essential reading for anyone wanting to understand the theory behind blockchain and how Bitcoin was born. It is important to note that before every new cryptocurrency is launched, a white paper is written by its creators. A white paper…

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