Introduction

This section introduces the concept of a purely peer-to-peer version of electronic cash, allowing online payments to be sent directly from one party to another without going through a financial institution.

Transactions

Explains how transactions are defined and how they are linked together to form a chain, ensuring the integrity of the system.

Proof-of-Work

Describes the proof-of-work system that secures the network and prevents double-spending.

Network

Details the steps for running the network, including how nodes communicate and reach consensus.

Incentive

Discusses the incentive structure for nodes to support the network, including the creation of new bitcoins through mining.

Reclaiming Disk Space

Explains how the blockchain can be pruned to save disk space without compromising security.

Simplified Payment Verification

Describes a method for verifying payments without downloading the entire blockchain.

Combining and Splitting Value

Explains how transactions can combine and split value to facilitate payments of any amount.

Privacy

Discusses the privacy model of Bitcoin, where public keys are anonymous but transactions are public.

Calculations

Provides mathematical calculations to demonstrate the security of the network against potential attacks.

Conclusion

Summarizes the key points and the potential impact of Bitcoin on the financial system.