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Tag: Cypherpunks

The History of Bitcoin Part 2: Bit Gold

Category: Bitcoin, Cryptocyclopedia, Mining, News, Tech

The History of Bitcoin Part 2: Bit Gold
Read Part 1 of the History of Bitcoin series here. While bitcoin is the first functioning decentralized digital peer-to-peer payment system, it has several predecessors that have helped to shape its existence. It will be these forerunners that will make up our discussion in ‘The History of Bitcoin’ series. What is Bit Gold? In a 2010 forum post, Satoshi Nakamoto…

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The History of Bitcoin Part 1: What is Hashcash?

Category: Cryptocyclopedia

The History of Bitcoin Part 1: What is Hashcash?
To start BTCManager’s ‘History of Bitcoin’ series, we will look at the proof-of-work algorithm Hashcash. This algorithm was used as the basis upon which a number of cryptocurrencies, most notably bitcoin, create their mining protocols. The Origin of Hashcash In 1992, researchers Cynthia Dwork and Moni Naor presented their paper titled: “Pricing via Processing or Combatting Junk Mail” at the…

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