Today, 10/31 is also "White Paper Day!" The Original ₿itcoin White Paper by Satoshi Nakamoto! 📄

10/31/2008, Satoshi Nakamoto released the ₿itcoin "White paper" which not only explained and created ₿itcoin, but also Blockchain technology. Solving the "Double Spend Problem" suffered by all previous digital currency by using peer-to-peer Blockchain technology on a network that creates a permanent ledger of every transaction. This timestamped ledger is shared by every computer mining ₿itcoins and processing transactions through a process called "Proof of Work". This shared ledger among hundreds of thousands of computers makes counterfeiting and fraud impossible.

Many people know Satoshi Nakamoto (a pseudonym) created ₿itcoin, but not nearly as many people give 'him' credit for also inventing Blockchain Technology.

READ MORE: https://bitcoinmagazine.com/culture/reflecting-on-satoshi-white-paper

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