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Read a paper: Bitcoin - A Peer-to-Peer Electronic Cash SystemThis work proposes a solution to the double-spending problem using a peer-to-peer network, where the network timestamps transactions by hashing them into an. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial. Abstract. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a.