- #1
dRic2
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- TL;DR Summary
- In the original paper 'Bitcoin: A Peer-to-Peer Electronic Cash System', Bitcoin is defined as ''a chain of digital signatures''. Then, how can you trade non integer values?
I don't have any special knowledge about cryptography and these kind of technologies. Also my coding skills are pretty basic, so correct me if I understood wrong.
I was reading the original paper where the idea of Bitcoin is proposed (ref. https://bitcoin.org/bitcoin.pdf). In Sec. 2 (Transaction), first line, we read:
Every time a transaction takes place, a signature of the last owner is added to the coin. Validation of the transaction then comes with the Proof-of-Work concept but I do not really care about this at the moment.
My question is: if a single Bitcoin is a chain of signatures, and each transactions involving the coin add 1 signature to the string, how does it work if you have non-integer values of the coin?
I was reading the original paper where the idea of Bitcoin is proposed (ref. https://bitcoin.org/bitcoin.pdf). In Sec. 2 (Transaction), first line, we read:
The idea is that, we can verify the ''authenticity'' of the coin by looking at the chain of signatures, while cryptography allows us to prevent a malicious attack to easily duplicate the coin (a bit more complicated but, I think that is the bare minimum that I got from the paper).We define an electronic coin as a chain of digital signatures.
Every time a transaction takes place, a signature of the last owner is added to the coin. Validation of the transaction then comes with the Proof-of-Work concept but I do not really care about this at the moment.
My question is: if a single Bitcoin is a chain of signatures, and each transactions involving the coin add 1 signature to the string, how does it work if you have non-integer values of the coin?