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	<updated>2026-10-19T01:49:44Z</updated>
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		<id>http://lightningwiki.net/index.php?title=Bitcoin&amp;diff=1493</id>
		<title>Bitcoin</title>
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		<updated>2020-07-22T08:02:11Z</updated>

		<summary type="html">&lt;p&gt;Zeus: Began adding background information on Bitcoin. Will add more in the near future.&lt;/p&gt;
&lt;hr /&gt;
&lt;div&gt;Bitcoin (BTC) is an open-source, decentralized cryptocurrency that utilizes a Proof-of-Work algorithm.&lt;br /&gt;
&lt;br /&gt;
On October 31, 2008, a user by the name of Satoshi Nakamoto published a white paper titled Bitcoin: A Peer-to-Peer Electronic Cash System to the Cryptography Mailing List. On January 3, 2009, the Genesis block was mined by Satoshi and on January 9, 2009, Bitcoin v0.1 was released.&lt;br /&gt;
&lt;br /&gt;
Lightning can be used with Bitcoin as a &amp;quot;backing&amp;quot; blockchain.&lt;br /&gt;
&lt;br /&gt;
= About =&lt;br /&gt;
See [https://bitcoin.org/ bitcoin.org].&lt;br /&gt;
&lt;br /&gt;
= Role of Bitcoin in Lightning =&lt;br /&gt;
If you have a connection with someone, you are using the Lightning [[Network]]. You assume they will behave. If they [[Fraud|don&amp;#039;t]], you can always &amp;quot;fall back&amp;quot; to the bitcoin blockchain, settling your balances and getting your money.&lt;/div&gt;</summary>
		<author><name>Zeus</name></author>
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