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Tag: Hashcash

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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