Tag: History

You can read Part 3 of the History of Bitcoin series here. Prior to the launch of the first decentralized digital currency bitcoin, there were several projects such as Hashcash, b-money, bit gold, and BitTorrent, which helped to shape cryptocurrencies as they exist today. In this installment of “The History of Bitcoin,” you will be introduced to the peer-to-peer file…

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You can read Part 2 of the History of Bitcoin series here. In the initial days of the crypto-anarchy and cypherpunk movement, where bitcoin was eventually born, researchers were determined to create a community that would be free of the control from centralized authorities. It was in this community, where the idea for a currency that would be impossible to…

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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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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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