teachin_bitcoin on Nostr: ...
Dad: Son, I am reading the "Bitcoin white paper" right now and try getting my head around this:
"The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work."
Son: Hi Dad,
A "hash" is like a "digital fingerprint" of any collection of data. Each new fingerprint builds on a previous one and adds a chain link segment.
Dad: Bitcoin seems to be a very sophisticated system.
Son: Dad, that's just the tip of the iceberg.
#Bitcoin
Published at
2024-10-01 07:10:55Event JSON
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"pubkey": "e0893162d4045dd1113c6e1c29f70c47bb7461abed042b6c33308fe7d96d2502",
"created_at": 1727766655,
"kind": 1,
"tags": [],
"content": "https://www.teach-me-bitcoin-son.com/media//generated/white-paper-a-hash-is-like-a-digital-fingerprint-of-any-collection-of-data.png\n\nDad: Son, I am reading the \"Bitcoin white paper\" right now and try getting my head around this:\n\"The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work.\"\nSon: Hi Dad,\nA \"hash\" is like a \"digital fingerprint\" of any collection of data. Each new fingerprint builds on a previous one and adds a chain link segment.\nDad: Bitcoin seems to be a very sophisticated system.\nSon: Dad, that's just the tip of the iceberg.\n\n\n#Bitcoin",
"sig": "5de77c9ed63aa43da0ccff83119b376898d5a436d43c11716cb4aa5e91a5a699f169b0232bc0d746afb1cdf1a32791369237fb20d00c0a1e2cef9e8b9f9466b5"
}
