Essay Available:
Pages:
2 pages/≈550 words
Sources:
No Sources
Style:
APA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 8.64
Topic:
Analysis of Satochi Nakamoto’s White Paper
Essay Instructions:
Write a response to reading Satochi Nakamora's White paper and posit a couple questions of things that you would like to know more about in the paper.
Essay Sample Content Preview:
Analysis of Satochi Nakamora’s White Paper
Student’s Name
Institutional Affiliation
Course
Instructor
Date
Analysis of Satochi Nakamoto’s White Paper
Satoshi Nakamoto is recognized for his involvement in the development of bitcoin, primarily under the bitcoin white paper-peer to-peer electronic cash system. The primary focus of bitcoin electronic cash was bypassing the involvement of intermediaries, such as financial institutions. Satoshi published the original bitcoin paper in 2008, addressing concerns about blockchain technology and cryptocurrency. Reading the white paper exposes people to the basics regarding the technology that sustains bitcoin. Satoshi highlights the involvement of third parties in electronic payments, which further invited additional costs. One can argue that the white paper’s contents were appealing to a larger audience following the failure of financial institutions to manage the financial crisis that hit the world in 2008.
The white paper signals the need for a decentralized digital system that does not include interference from financial institutions or the government. Satoshi indicates that bitcoin would enhance online banking and transaction efficiency and speed because the transactions are barely exposed to third-party involvement, among other factors. The users enjoy considerable autonomy, which further differs from the common financial system. In other words, the primary objective of the bitcoin whitepaper is to increase awareness regarding the new online payment system that excludes the government, financial institutions, and other third parties.
Even though Satoshi address most of the concerns regarding bitcoin technology, including the benefits over conventional financial institutions, the pseudonymous author does not anticipate the changes it would face as it gains popularity. In this regard, despite its increasing popularity after Satoshi’s white paper, the technology does not address key concerns, including cryptocurrency volatility. In this regard, while the investor is guaranteed other benefits, including p...
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:
👀 Other Visitors are Viewing These APA Essay Samples:
- Employee Training and Development Plan3 pages/≈825 words | APA | Business & Marketing | Essay |
- Marketing Research Planning and Sampling Plan2 pages/≈550 words | 2 Sources | APA | Business & Marketing | Essay |
- Define and Discuss Social Responsibility: What it Means, and its Role in Business2 pages/≈550 words | 2 Sources | APA | Business & Marketing | Essay |
- Organizational Communication and Transformational Leadership3 pages/≈825 words | 1 Source | APA | Business & Marketing | Essay |
- Recommendations of the Investment Committee of a Health Care Equipment Manufacturer1 page/≈275 words | 3 Sources | APA | Business & Marketing | Essay |
- Skin Cancer Project: How did Conducting the Research for the Social Issue in this Project Af. . .2 pages/≈550 words | No Sources | APA | Business & Marketing | Essay |
- The Internet as Social Media: Connectivity and Immediacy6 pages/≈1650 words | 3 Sources | APA | Business & Marketing | Essay |