2 definitions by indigo_nakamoto
The Nakamotoist Monetary System is based on the Nakamoto Consensus and the Nakamoto Protocol, which are the underlying principles behind cryptocurrencies such as Bitcoin, Litecoin, and Dogecoin. These cryptocurrencies use a decentralized, distributed ledger system known as the blockchain, which allows them to be securely sent and received without needing a central authority or middleman. The blockchain also provides a secure, immutable, and transparent record of all transactions, allowing users to trust that their funds are secure. Additionally, the Nakamoto Protocol ensures that no one can double-spend their cryptocurrency and that all transactions are final.
by indigo_nakamoto December 3, 2022
Nakamotoism is the economic principle that the value of money derives from the purchasing power of the digital commodity upon which it is based that runs on The Nakamoto Protocol and has The Nakamoto Consensus.
by indigo_nakamoto November 19, 2022