![]() So, let‘s try to make it as easy as possible: The reason why is a bit technical and complex, but if you get it, you‘ll know more about cryptocurrencies than most people do. They are the missing piece Satoshi found to realize digital cash. This decision became the birth of cryptocurrency. Like a Peer-to-Peer network for file sharing. I hope they can make the distinction, that this is the first time I know of that we’re trying a non-trust based system. – Satoshi Nakamoto in an E-Mail to Dustin TrammellĪfter seeing all the centralized attempts fail, Satoshi tried to build a digital cash system without a central entity. … after more than a decade of failed Trusted Third Party based systems (Digicash, etc), they see it as a lost cause. In the nineties, there have been many attempts to create digital money, but they all failed. The single most important part of Satoshi‘s invention was that he found a way to build a decentralized digital cash system. – Satoshi Nakamoto, 09 January 2009, announcing Bitcoin on SourceForge. It’s completely decentralized with no server or central authority. His goal was to invent something many people failed to create before digital cash.Īnnouncing the first release of Bitcoin, a new electronic cash system that uses a peer-to-peer network to prevent double-spending. In his announcement of Bitcoin in late 2008, Satoshi said he developed “A Peer-to-Peer Electronic Cash System.“ Satoshi Nakamoto, the unknown inventor of Bitcoin, the first and still most important cryptocurrency, never intended to invent a currency.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |