Bitcoin White paper Publish Date | How to Access it
To truly understand the origin of Bitcoin, we need to go back to the basics. More like the very beginning. This means we have to talk about the Bitcoin white paper publish date. Afterall, it signifies the origin of Bitcoin and other cryptocurrencies, innit?
This is why in this article; we will talk about the Bitcoin whitepaper publish date and how to access it. Therefore, if you are entirely new to the world of cryptocurrencies and you’re looking for some pointers in the right direction, then this might be the place for you. So keep reading!
What is Bitcoin?
Of course, we have to briefly talk about Bitcoin before proceeding to talk about the Bitcoin white paper publish date.
Bitcoin is the first and oldest cryptocurrency that was introduced by an anonymous entity named Satoshi Nakamoto. On October 31st 2008, this entity sent an email to a cryptography mailing list.
The email read “I have been working on an electronic cash system that’s fully peer-to-peer. Here is a link to the paper”. He may not have said that verbatim but I think you got the point.
Bitcoin Whitepaper Publish Date
The Bitcoin white paper is very significant in the history of cryptocurrencies, and not only does it hold a significant value, it is also one of the best documents to read if you want to truly understand the origin of crypto, how it works, and how it’s revolutionalizing the world.
The Bitcoin whitepaper has different sections, and here’s just a summary of each of them:
The first section is titled “Introduction” where he introduces the paper.
The second section is titled “Transactions”, and in this section, he defines what an electronic coin is and how it can/will be transferred from one person to another.
The third section is titled “Timestamp Server”, and he talks about centralized blockchain and how this technology has been around for quite some time, but hasn’t been applied to electronic money or cryptocurrencies. Whatever you want to call it.
The fourth section is titled “Proof of Work”, and here, proof of work is used to extend the centralized blockchain into a decentralized one
The fifth section is titled “Network”, and it combines the second, third and fourth sections to tell us exactly how the network operates i.e. how do we interact with nodes, what to do when you receive a transaction from a node, etc.
The sixth section is titled “Incentives”, and it has to do with incentivizing people to strengthen the network to run their own node and to help secure the blockchain
The seventh section is titled “Reclaiming disk space”
The eighth section is titled “Simplified Payment Verification”, which talks about the ability to run a lightweight node without much memory.
The ninth section is titled “Combining and Splitting” which talks about combining lump sum transactions rather than having to do it one by one or send it individually.
The tenth section is titled “Privacy”, and this is pretty much self –explanatory. It talks about how we’re private and have public keys identifying us rather than our real names.
The eleventh section is titled “Calculations”, and it talks about an attacker trying to attack the network.
The twelfth section is titled “Conclusion”, and it basically just concludes the paper.
How to Trade Bitcoin in Nigeria
Now that know the Bitcoin whitepaper publish date and have a glimpse of the content, let’s talk about how to trade your Bitcoin in Nigeria.
There are so many platforms that you can trade your Bitcoin on, a good example is Dtunes.
Here’s how you can trade your Bitcoin on Dtunes:
The first thing you want to do is to download the Dtunes app either on the Google Play Store for Android or on the App Store for iOS. Then create an account if you don’t have one. It is free and it takes less than 3 minutes to create
- Log in to your account
- Click on “Trade Crypto”
- Choose “Trade Crypto”
- Select the type of Crypto you want to sell (BTC in this case)
- Enter the amount in USD
The rate is displayed and you can go ahead to sell your BTC.
Conclusion
Even though the Bitcoin whitepaper is quite accessible to everyone, which is not even a problem here, the main problem is trying to understand it.
A lot of people say they have had to read the paper more than 10 times, and even read several books and articles before they could fully understand and grasp what the document entailed.
