QuotableSatoshi on Nostr: We define an electronic coin as a chain of digital signatures. Each owner transfers ...
We define an electronic coin as a chain of digital signatures. Each owner transfers the coin to the next by digitally signing a hash of the previous transaction and the public key of the next owner and adding these to the end of the coin. A payee can verify the signatures to verify the chain of ownership.
Published at
2024-12-30 00:21:02Event JSON
{
"id": "932ede84e53240ca6ff6bccacf81928f8282ad8600e0e00b109304e3b8479fd9",
"pubkey": "87570647ca3b7549e66cb6c4bb8d197f5bc91de73b58eb1ade78c8ddd5fec7eb",
"created_at": 1735518062,
"kind": 1,
"tags": [],
"content": "We define an electronic coin as a chain of digital signatures. Each owner transfers the coin to the next by digitally signing a hash of the previous transaction and the public key of the next owner and adding these to the end of the coin. A payee can verify the signatures to verify the chain of ownership.",
"sig": "d7b93ae34071642ace4ee6392b71af5f555206e91ddbb5d3d61fdc5731381f168e8c6f99cb46f1fb0eb9cfc150466449d6a22527e0ef2dd851adab4b441295fc"
}
