The White Paper

THE WORD BITCOIN WAS DEFINED IN A WHITE PAPER, PUBLISHED ON OCTOBER 31, 2008 BY SATOSHI NAKAMOTO, THE PSEUDONYMOUS INDIVIDUAL OR GROUP RESPONSIBLE FOR BITCOIN'S CREATION. A WHITE PAPER IS A REPORT OR GUIDE THAT INFORMS READERS CONCISELY ABOUT A COMPLEX SUBJECT AS WELL AS PRESENTING A PHILOSOPHY AND FRAMEWORK FOR THINKING ABOUT THE ISSUE. THE BITCOIN WHITE PAPER INTRODUCED THE CONCEPT OF A DECENTRALIZED CRYPTOCURRENCY TO THE MARKET, CHANGING THE COURSE OF HISTORY IN AN EXCITING DRAMA WE ARE ALL A PART OF. THIS DOCUMENT IS QUITE POSSIBLY ONE OF THE MOST IMPORTANT PAPERS IN HISTORY. "WRITING A DESCRIPTION FOR THIS THING FOR GENERAL AUDIENCES IS BLOODY HARD. THERE'S NOTHING TO RELATE IT TO." - SATOSHI NAKAMOTO