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decentralized payment

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Cognitive Technology Team
Cognitive Technology Team
Oct 19, 2024 · Blockchain

A Peer-to-Peer Electronic Cash System Using Proof-of-Work and Timestamp Servers

The paper proposes a decentralized electronic cash system that prevents double‑spending without trusted intermediaries by employing timestamped proof‑of‑work chains, incentivizing honest nodes, and detailing transaction structures, network operation, privacy, and security analyses.

CryptocurrencyProof of Workdecentralized payment
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A Peer-to-Peer Electronic Cash System Using Proof-of-Work and Timestamp Servers