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Peerto-peer digital cash system from "summary" of Digital Gold by Nathaniel Popper

The concept of a peer-to-peer digital cash system is at the core of the revolutionary technology known as Bitcoin. In essence, this system allows individuals to exchange money directly with one another, without the need for a trusted third party such as a bank or payment processor to facilitate the transaction. This is made possible through the use of a decentralized ledger called the blockchain, which records all transactions in a transparent and secure manner. The beauty of a peer-to-peer digital cash system lies in its simplicity and efficiency. By cutting out intermediaries, transactions can be conducted faster and at lower costs. This is particularly advantageous for individuals who may not have access to traditional banking services or who wish to avoid the fees associated with traditional payment methods. Furthermore, the peer-to-peer nature of this sys...
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    Digital Gold

    Nathaniel Popper

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