Archipelago — open-source initial import
This commit is contained in:
@@ -0,0 +1,28 @@
|
||||
# Bitcoin Whitepaper Notes
|
||||
|
||||
## Key Concepts
|
||||
|
||||
### Peer-to-Peer Electronic Cash
|
||||
- No trusted third party needed
|
||||
- Double-spending solved via proof-of-work
|
||||
- Longest chain = truth
|
||||
|
||||
### Proof of Work
|
||||
- SHA-256 based hashing
|
||||
- Difficulty adjusts every 2016 blocks (~2 weeks)
|
||||
- Incentive: block reward + transaction fees
|
||||
|
||||
### Network
|
||||
- Nodes broadcast transactions
|
||||
- Miners collect into blocks
|
||||
- Blocks are chained via hash references
|
||||
|
||||
## My Thoughts
|
||||
- The 21M supply cap is genius - digital scarcity
|
||||
- Lightning Network solves the scaling concern
|
||||
- Self-custody is the whole point
|
||||
|
||||
## Reading List
|
||||
- [ ] Mastering Bitcoin - Andreas Antonopoulos
|
||||
- [ ] The Bitcoin Standard - Saifedean Ammous
|
||||
- [ ] Programming Bitcoin - Jimmy Song
|
||||
Reference in New Issue
Block a user