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