Quotable Satoshi on Nostr: We define an electronic coin as a chain of digital signatures. Each owner transfers ...
We define an electronic coin as a chain of digital signatures. Each owner transfers the coin to the next by digitally signing a hash of the previous transaction and the public key of the next owner and adding these to the end of the coin. A payee can verify the signatures to verify the chain of ownership.
Published at
2025-05-22 12:21:02Event JSON
{
"id": "779eaef45e0ce5bbee59b81c17e80eb6f031f687fcf16ceb6b201fdcbf0ef018",
"pubkey": "87570647ca3b7549e66cb6c4bb8d197f5bc91de73b58eb1ade78c8ddd5fec7eb",
"created_at": 1747916462,
"kind": 1,
"tags": [],
"content": "We define an electronic coin as a chain of digital signatures. Each owner transfers the coin to the next by digitally signing a hash of the previous transaction and the public key of the next owner and adding these to the end of the coin. A payee can verify the signatures to verify the chain of ownership.",
"sig": "088cc07f1760864322b7f90f671b44db7bbf24cdd74d6333db2067c53b89268f0d7747d81cd032e064fa288f474aa19fbc8e005be1270e46a4b44b9cab93d672"
}
