Bitcoin whitepaper for kids
A way for people to send money to each other through computers without going through banks or other intermediaries
overview
Imagine wanting to give money to a friend online, just like you would give money in person. However, instead of passing money through banks or stores, you can pass it directly over the internet. This is the so-called "electronic money". There is a way to prevent anyone from cheating and receiving the same money twice by using so-called "peer-to-peer networks". It's like a group of computers communicating with each other and keeping track of all the money transferred. They make sure the money goes to the right people and never gets it again.And the more computers work together, the safer it is for everyone. It's like a big team working together to make sure everything is fair and honest.
Foreword
When you buy things online, you may need to contact your bank or other company to assist with payment. But sometimes these companies make mistakes and cause problems. We want to create a new way to pay online for things these companies don't need assistance with.It's like a secret code that only buyers and sellers know and can't change or withdraw. . This way, sellers don't have to fear being deceived and buyers can easily pay small things.It's like magic money that goes straight to the right people and can't be taken back. , we use a group of computers to make sure everything is safe and fair.
We also use groups of computers to make sure everything is safe and fair
transaction
Imagine you have a special coin that you can use to buy things online. You can give it to your friends and you can give it to your friends. Every time someone gives a coin to someone, they write their name like a signature. The person receiving the coin can verify all signatures to ensure it is a genuine coin. The problem is that sometimes a person cheats and the same coin he spends twice. To prevent this, some use special helpers, such as banks, to ensure that the coin is not used twice. However, this helper can make mistakes or cause problems. I want to create new ways to use coins that don't require helpers. When people use their coins, they want to tell others so that no one cheats. And if people use the coin, we want to make sure that most people agree to use the coin for the first time.In this way the coin is safe and fair for everyone.
timestamp server
A special coin she has an idea to prevent it from being used twice. It uses a so-called "timestamp server". It's like a helper that leaves a special mark on your coin every time you use it. It's like a big book where you write down when and in what order your coins are used.
It's like a big book where you write down when and in what order your coins are used.
This way everyone can see when the coin has been used and if someone is trying to cheat. And every time the coin is used, the timestamp server adds a new mark to the coin and the book, like a series of marks. So each mark is connected to the last mark,
0 Comments