In 1992, Stornetta, Haber, and Dave Bayer incorporated Merkle trees into their design, improving its efficiency by allowing document certificates to be collected into one block. #AES #Bitcoin §9 1991 January: Original Blockchain
Bryan Solstin
npub1wycu...z29n
I run a Bitcoin Knots node.
Bitcoin is Ideal Money.
Better than sound money.
Everything else is spam.
Some call it The Byzantine Generals Problem. More specifically, it is a double-spend problem across a distributed network without a central authority.
#AES #Bitcoin §8 1982 July: Byzantine Generals Problem
1982 January 5: Merkle Trees
Method of Providing Digital Signatures. Patent application inventor named Merkle. The method will later be known as Merkle trees. Later, it was used in Bitcoin to generate a simple “root hash.” Every root hash will have a sixty-four-digit alphanumeric.
#AES #Bitcoin §7
1976 November: Asymmetric Cryptography
New Directions in Cryptography, published by Diffie and Hellman, describes asymmetric cryptography. The method will later be known as private-and-public key cryptography or asymmetric cryptography.
#AES #Bitcoin §6
“A non-cooperative game does not always have a solution, but when it does the solution is unique.”
1950 May, John Nash
#AES #Bitcoin §5