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
2026-01-11 12:21:02 UTCEvent JSON
{
"id": "0047d7409efd0ed5c995a82e6a879ff294655d4288f2963fd7cc1ba6c7b93b5a",
"pubkey": "87570647ca3b7549e66cb6c4bb8d197f5bc91de73b58eb1ade78c8ddd5fec7eb",
"created_at": 1768134062,
"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": "e4fa39a0f6d07a65980f086125e6a910a79f2850a99e3eb4eee83945689bad631b40939c25a0369ab46049de2da1971856ca99e255af7ae737bd8e5ee3f48d2c"
}
