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
2024-10-27 12:21:02Event JSON
{
"id": "45833f3a70f45c0014eae03b62611f885c5712656699901b3698ce225dad92c1",
"pubkey": "87570647ca3b7549e66cb6c4bb8d197f5bc91de73b58eb1ade78c8ddd5fec7eb",
"created_at": 1730031662,
"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": "a77e53b92d9879e918fc831545f7e2dc1ba49c46bee60f340126b00e544421e24ae70c2a4dd636686f34b6cbc756877c554e98c66185afb236c70744dfb5f7b0"
}
