Bitcoin: A Peer-to-Peer Electronic Cash System

Introduction The Bitcoin white paper introduces Bitcoin as a decentralized peer-to-peer (P2P) electronic cash system. Unlike traditional payment methods, Bitcoin eliminates the need for financial intermediaries like banks, providing a direct way to send and receive payments over the internet. Core Objectives of Bitcoin: - Eliminate Double Spending: Prevent the same digital currency from being spent more than once. - Decentralization: Operate without reliance on centralized institutions. - Security: Utilize cryptographic proof to ensure trust in the system.