Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Open-Source Bitcoin Project is a Result of 50 Years of Research

Published 05/13/2023, 07:39 AM
Updated 05/13/2023, 08:00 AM
© Reuters.  Open-Source Bitcoin Project is a Result of 50 Years of Research

  • Documenting Bitcoin asserted that the open-source Bitcoin project is a result of more than 50 years of research.
  • The platform shared a chart drawn by Dan Held in 2018 when he released a blog post about the prehistory of BTC.
  • The blog post acknowledged the great personalities whose efforts resulted in the inception of BTC in 2008.

Documenting Bitcoin, the official Twitter page that showcases the accomplishments in the journey of the leading cryptocurrency Bitcoin, recently updated the page acknowledging and appreciating the Bitcoin crew’s 50 years of research and exploration.

The tweet shared on May 13 asserted that the open-source Bitcoin project was made possible by the “world’s greatest computer scientists, mathematicians, cryptographers, cypherpunks, and engineers”:

Documenting Bitcoin also shared a screenshot of the graph drawn by the Bitcoin educator and marketing advisor Dan Held in 2021, while he narrated the origins of Bitcoin. Held stressed on the graph that “Bitcoin’s prehistory” has been a story of “40 years of research, development and demand”.

Prehistory of Bitcoin

On June 17, 2021, Dan Held shared a Twitter thread incorporating the sketch of Bitcoin’s history, along with the link to his blog post originally published in 2018, under the title “Planting Bitcoin- Soil (3/4)”. The post pictured the journey of Bitcoin since 1974 when the software developers Vinton Cerf and Robert Kahn designed the software code, becoming the precursors of the digital world.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Held has acknowledged a wide range of individuals who stood paving the way to the inception of Bitcoin in 2008. Adam Back, the inventor of “hashcash” the PoW system, Nick Szabo, the designer of “bitgold”, Wei Dai, the inventor of “b-money”, and David Chaum, the founder of “DigiCash” are some among the many who have been addressed by the Bitcoin executive.

While thanking those people, Held referred to a previous statement of the Bitcoin developer Satoshi Nakamoto, when he said, “Bitcoin is an implementation of Wei Dai’s b-money proposal… and Nick Szabo’s Bitgold proposal”.

The post Open-Source Bitcoin Project is a Result of 50 Years of Research appeared first on Coin Edition.

See original on CoinEdition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.