Cryptography & Bitcoin · 2008

Bitcoin: A Peer-to-Peer Electronic Cash System

Satoshi Nakamoto

31 October 2008

Proposes a peer-to-peer electronic cash system that prevents double-spending with a proof-of-work chain of timestamped blocks.

Part of the series Bitcoin, piece by piece.

Any block of the Bitcoin chain, as a typographic poster read from a full node: Blockmemento.

Poster of “Bitcoin: A Peer-to-Peer Electronic Cash System”: the text in four columns
Shown in the ivorygenesis theme
Print from
A2
License
MIT
Retrieved
27 September 2026
Language
English
Rights holder
© 2008 Satoshi Nakamoto

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Edition

The paper of 31 October 2008 as published on bitcoin.org. The text comes from the LaTeX transcription at github.com/karask/satoshi-paper and was checked word for word against the PDF: the figures are redrawn, the equations set with KaTeX, and “...” and “*” are set as an ellipsis and a multiplication sign.

Rights

© Bitcoin Project 2009-2026 Released under the MIT license

Footer of bitcoin.org, which publishes the paper; the repository of the site, github.com/bitcoin-dot-org/Bitcoin.org, carries the MIT license.

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