The Bitcoin whitepaper is clear about Bitcoin’s core feature: it is permissionless. Anyone in the world can pay anyone by joining the peer-to-peer network and broadcasting a transaction. Proof of Work consensus even empowers anybody to become a block producer, and means that the only way to reverse a payment is to overpower everyone else through hashpower.
Don’t miss your chance to own The Core Issue — featuring articles written by many Core Developers explaining the projects they work on themselves!
This piece is the Letter from the Editor featured in the latest Print edition of Bitcoin Magazine, The Core Issue. We’re sharing it here as an early look at the ideas explored throughout the full issue.
[1] https://bitcoin.org/bitcoin.pdf
[2] https://delvingbitcoin.org/t/great-consensus-cleanup-revival/710
[3] https://delvingbitcoin.org/t/mempool-incentive-compatibility/553
[4] https://github.com/bitcoin/bips/blob/master/bip-0431.mediawiki
[5] https://github.com/bitcoin/bitcoin/pull/30352
[6] https://bitcoinops.org/en/topics/ephemeral-anchors/
[7] https://delvingbitcoin.org/t/an-overview-of-the-cluster-mempool-proposal/393?u=glozow
[8] https://bitcoinops.org/en/topics/package-relay/
[9] https://bluematt.bitcoin.ninja/2024/04/16/stop-calling-it-mev/
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