In the white paper, it is described as a «free open source peer - to - peer electronic cash system that is completely decentralized». (learnbitcoin.cash)
It was simply released as a peer - to - peer electronic cash system. (profitconfidential.com)
«I've been working on a new electronic cash system that's fully peer - to - peer, with no trusted third party,» wrote a newcomer to the thread alongside an abstract and a link to a nine - page academic paper. (fortune.com)