Celebration of the groundbreaking Bitcoin-WhitePapers, which Satoshi Nakamoto published 13 years ago-
Celebration of the groundbreaking Bitcoin-WhitePapers, which Satoshi Nakamoto published 13 years ago-
all over the world celebrate the 13th anniversary of the Bitcoin-WhitePapper. The summary of the invention of the inventor was published on Halloween in 2008 at the cryptography Mailing List of Metzdowd.com, since it produced a asset with a market assessment of over $ 1 trillion and triggered the creation of over 10,000 cryptocurrencies that followed the innovative design of Satoshi Nakamoto.
Introduction to the Proof-of-Work Chain: A solution to the problem of Byzantine generals
13 years ago at 2:10 p.m. (EDT) Satoshi Nakamoto published the Bitcoin-WhitePaper , a summary of the innovative network and the native cryptocurrency that changes the world have. The 12-part white paper begins with a conceited paragraph that is referred to as a summary and explains that Bitcoin is a "pure peer-to-peer version of electronic money" would make it possible to send online payments directly from one party to another without going through one financial institution. "
When the paper was published for the first time, universities and computer scientists worldwide did not know that the inventor of Bitcoin had a problem solved The computer scientists had plagued for years - the " problem of the Byzantine generals ". Two weeks after Nakamoto released the WhitePaper for Halloween in 2008, he told the pseudonymous member of the Cryptography Mailing List of Metzdowd.com, James A. Donald that the inventor had solved the problem. Nakamoto said on November 13, 2008:
The Proof-of-Work chain is a solution to the problem of Byzantine generals.
The advantages of Nakamotos Paper were clear and the advantages of triple bookkeeping became clear to those who studied the inventor's paper and witnessed the network on January 3., 2009. Satoshi also said Donald a few days earlier that the "proof" -F-WORK-CHAIN is the solution to the synchronization problem and to know the globally shared view without having to trust someone. "
Triple-Entry accounting: Nakamotos Bitcoin finding has changed the world forever
Since then, Nakamoto's paper has produced the Bitcoin network and the following countless blockchains. In addition, the white paper in science is used quite nowadays, since it is mentioned in many white papers to crypto networks and 17.201 is quoted on Google Scholar. One can certainly say that since its publication on October 31, 2008 there has been no other white paper that is as productive and innovative as that of Nakamoto Double-Ledger systems-offers a concept that is almost trustworthy when we remove trust in the autonomous system.
Bitcoin transactions are pseudonym and users can add as much privacy as you want, since the system essentially offers both public transparency and privacy. "The traditional bank model reaches a level of data protection by restricting access to information to the parties involved and the trustworthy third parties", Bitcoin-Whitepaper Details. "The need to publicly announce all transactions excludes this method, but privacy can still be preserved by interrupting the flow of information elsewhere: by keeping public keys anonymously."
Just as the printer press changed society for the better and made it possible for people to learn without a apprenticeship and how the internal engine made traveling much faster, the Bitcoin finding of Satoshi Nakamoto is one that has changed the world forever.
The white paper is now a very important paper, which is hosted on the websites of large corporations, on urban web portals and referred to as one of the "pioneering works" of computer science. On podcast by lex fridman at the end of April 2020 said the Twitter-CEO and square co-founder Jack Dorsey to Fridman that the white paper was like "poetry".
"I think the Bitcoin WhitePaper is one of the most pioneering works of computer science from the past 20 or 30 years," said Dorsey.
Bitcoin.com News reader who are interested in reading the innovative Bitcoin Whitepaper, can completely read the famous paper from Satoshi Nakamoto here .
What do you think of the 13th anniversary of the Bitcoin WhitePapers? Let us know your opinion on this topic in the comments below.
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