Fig 4 Reclaiming Disk Space Satoshi White Paper

The solution proposed involves using a timestamp server which creates a record of when a particular item existed.

The server creates a code called a “hash” which is published in places like newspapers or online forums.

This code proves that the item existed at a particular time, as it had to be present to create the code.

Each timestamp also includes the previous one, forming a chain that becomes stronger with each new addition.

By CBDC