The 17th anniversary of the first message between Satoshi Nakamoto and Adam Back that revealed the idea of Bitcoin
Today marks the 17th anniversary of the first email between Satoshi Nakamoto and Adam Back, the inventor of Hashcash. On August 20, 2008, Satoshi reached out to Back to discuss what would later become Bitcoin, making this message the first recorded communication between them regarding the project.
The first message came four months before Bitcoin was officially launched, and the following day, Back suggested to Satoshi to look at a research paper titled B-money by author Wei Dai, a cryptographer known for his work in the field of cryptocurrencies. Discussions continued later on ideas related to cryptocurrencies until Satoshi informed Back in October 2009 about the official release of Bitcoin.
Back invented the Hashcash system in the 1990s, which is a way to slow down spam emails, requiring the computer processor to prove it performed calculations before sending the message. This system represents the prototype for the Bitcoin mining system, where a distributed network of computers competes to solve cryptographic puzzles, and in exchange for this work, new Bitcoins are released into the economy.
Source: Cointelegraph+Bitcoin Magazine
$BTC
Today marks the 17th anniversary of the first email between Satoshi Nakamoto and Adam Back, the inventor of Hashcash. On August 20, 2008, Satoshi reached out to Back to discuss what would later become Bitcoin, making this message the first recorded communication between them regarding the project.
The first message came four months before Bitcoin was officially launched, and the following day, Back suggested to Satoshi to look at a research paper titled B-money by author Wei Dai, a cryptographer known for his work in the field of cryptocurrencies. Discussions continued later on ideas related to cryptocurrencies until Satoshi informed Back in October 2009 about the official release of Bitcoin.
Back invented the Hashcash system in the 1990s, which is a way to slow down spam emails, requiring the computer processor to prove it performed calculations before sending the message. This system represents the prototype for the Bitcoin mining system, where a distributed network of computers competes to solve cryptographic puzzles, and in exchange for this work, new Bitcoins are released into the economy.
Source: Cointelegraph+Bitcoin Magazine
$BTC