Each block header includes a timestamp and nonce used in mining.

— Satoshi Nakamoto

By convention, the first transaction in a block is a special transaction that starts a new coin owned by the creator of the block.

— Satoshi Nakamoto

Bitcoin transactions are broadcasted to the network for validation.

— Satoshi Nakamoto

The blockchain timestamp server proves that data existed at a certain point in time.

— Satoshi Nakamoto

The community actively develops and improves the protocol.

— Satoshi Nakamoto

The system is permissionless; anyone can participate without approval.

— Satoshi Nakamoto

Bitcoin is censorship-resistant by design.

— Satoshi Nakamoto

The system rewards nodes that follow the rules and punishes cheating.

— Satoshi Nakamoto

The security of the system depends on honest majority of mining power.

— Satoshi Nakamoto

The consensus mechanism ensures all nodes agree on the transaction history.

— Satoshi Nakamoto

The block reward halves approximately every four years to control inflation.

— Satoshi Nakamoto

It is possible to run a full node and verify transactions independently.

— Satoshi Nakamoto

The open source nature of Bitcoin encourages community review and collaboration.

— Satoshi Nakamoto

The protocol evolves through community consensus and BIPs (Bitcoin Improvement Proposals).

— Satoshi Nakamoto

The protocol supports custom scripts for complex transactions.

— Satoshi Nakamoto

The system is designed to be trustless and decentralized.

— Satoshi Nakamoto

Nodes always accept the longest valid blockchain as the authoritative ledger.

— Satoshi Nakamoto

Each block header includes a timestamp and nonce used in mining.

— Satoshi Nakamoto

All transactions are publicly visible, but identities are hidden behind addresses.

— Satoshi Nakamoto

New coins are generated at a decreasing rate, and eventually the total number of coins will reach a limit of 21 million.

— Satoshi Nakamoto