also, not sure why folks are nitpicking about minor things like security disclaimers, number of sha256 hashes, md5, etc. while ignoring nontrivial gaps (eg no merkle dags, one of the cornerstone concepts).
You're right about Merkle tree. This is a whole section of the bitcoin paper and it's pretty important. But as far as I understand, it's "only" an optimization to save disk space, so it doesn't change the underlying logic.
You're right about Merkle tree. This is a whole section of the bitcoin paper and it's pretty important. But as far as I understand, it's "only" an optimization to save disk space, so it doesn't change the underlying logic.