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Bitcoin General => Bitcoin General Discussion => Topic started by: flin on July 03, 2014, 09:21:17 AM

Title: How the Bitcoin protocol actually works
Post by: flin on July 03, 2014, 09:21:17 AM
Quote
Many thousands of articles have been written purporting to explain Bitcoin, the online, peer-to-peer currency. Most of those articles give a hand-wavy account of the underlying cryptographic protocol, omitting many details. Even those articles which delve deeper often gloss over crucial points. My aim in this post is to explain the major ideas behind the Bitcoin protocol in a clear, easily comprehensible way. We?ll start from first principles, build up to a broad theoretical understanding of how the protocol works, and then dig down into the nitty-gritty, examining the raw data in a Bitcoin transaction...



Continue reading here: http://www.michaelnielsen.org/ddi/how-the-bitcoin-protocol-actually-works/ (http://www.michaelnielsen.org/ddi/how-the-bitcoin-protocol-actually-works/)
Title: Re: How the Bitcoin protocol actually works
Post by: Theriot on December 15, 2017, 01:59:26 PM
I wish I've read this article back in the day. Has there been any chances to bitcoin protocol since?