Bitcoin: A Peer-to-Peer Electronic Cash System
Date: 2022-12-05
Source: https://craigwright.net/blog/academics/bitcoin-a-peer-to-peer-electronic-cash-system-2
A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without the burdens of 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.