Tag: History

Satoshi Nakamoto, the pseudonymized founder of Bitcoin, has been described by Laszlo Hanyecz, an early Bitcoin developer, as “paranoid,” “bossy,” and “a little bit weird” according to a May 30 interview. The legendary creator of Bitcoin (BTC) has never revealed their identity publicly, and very little is known of about the pioneer, save for a number of web posts and…

READ MORE

To read the previous installment of BTCManager’s History of Bitcoin series, which focuses on BitTorrent, click here. While bitcoin is the world’s first decentralized digital currency and opened up the doors for a wave of digital assets, the concept of virtual currency and digital assets dates back much further than 2008. In this part of the ‘History of Bitcoin’ article…

READ MORE

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…

READ MORE

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…

READ MORE

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…

READ MORE

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…

READ MORE