Satoshi Nakamoto drew from the history of cryptocurrencies since David Chaum’s seminal blinding formula in the 1980s. He postulated that the flaw with existing approaches to cryptocurrencies was that a single powerful attacker could undermine and destroy the system. In order to to defeat the powerful attacker, Satoshi decentralised the control of the cryptocurrency over an …
Continue reading “Satoshi Nakamoto and the invention of a new currency”
nitin badjatia 