The story of crypto-currencies is a continuation of the economy and the exchange of goods in human society. The development of the Internet has enabled a new chapter in this epic story. Possibility of a decentralized currency driven by individuals.
The number of "hanging" devices on the global network exponentially increases. The feeling that we are more connected than ever ever grows. However, we are not all connected in the same way. Our access technology differs, and the speed of our network even more. For a huge Internet population in Africa, for example, The mobile phone is the only way to communicate with neighbors and the whole world. Additionally, there are currently many more people with Internet access on the planet than those who have any fair means of paying or sending money in their vicinity. So it was so early in our country.
The story of battle as a single type of digital currency should begin with a number of names, one of which is directly linked to the emergence of the first idea of battle.
We will start with Satoshi Nakamoto. This, as he then presented, 37-year-old Japanese first developed the idea of battle describing him as a peer-to-peer (pirupur) electronic money system and a decentralized means of payment. Initially, he sent his idea through a mailing list on metzdowd.com, in 2008. Some time later, on January 3, 2009, the first version of open source software was released. After many years of research, the media have been left out to answer the question of who is anonymous Satoshi Nakamoto. In fact, in the past years, many entities represented themselves as Satoshi, so it's most likely a group of people. Bitkoin is probably not the idea of one person, but a bigger "internet collective".
However, in order to truly distinguish which idea stands behind the proposal of battle, we must return a bit backward in 1998, when another man named Wei Dai published his paper 'The proposal for the formation of b-money', which was distributed for the first time on the 'Cypherpunks' mailing list; an open forum that gathers enthusiasts in cryptography, experts in this field, mathematicians, statisticians, developers.
This is important because the basic idea of decentralized currencies lies in the crypto-anarchist movement, or the idea of Crypto-Punk (CypherPunk). Do not mix with CyberPunk - Cyber Punk.
Tim Baye (Tim May - Intel's chief engineer and inventor until 2003) propelled CypherPank's core ideas, by which Wei was inspired, by Erik Hughes (Eric Hughes-Professor of Mathematics at Berkeley University) and John Gilmore (John Gilmore, founder of EFF , Electronic Frontier Fodation). "I want a guarantee that our communication is private, a guarantee not based on laws, but in mathematics and physics," wrote Hughes.
The basic postulates of the crypto-punk manifesto (born in 1993) can be seen in a few sentences:
Privacy is essential for the development of an open society in the electronic age.
We can not expect governments, corporations or other agencies to guarantee our privacy.
We ourselves have to defend our privacy if we want to have it.
"Cryptopancers write code. We know that someone needs to write programs that we will protect ... and we will do it. "
Some of the founders of the crypto-punk movement are pretty old people, directors of advanced technology companies, university professors, or researchers in the field of mathematics and cryptography. The "punk" syntagm in the name of the movement clearly suggests that this is a kind of 'math with attitude'. "It does not matter to us if people do not agree with the programs we write. We know that software can not be destroyed and we know that widespread systems can not be shut down, "they wrote in their manifesto.
Inspired by the idea of Timothy May on cryptoanarchy, Wei describes the basics of crypto-currency in his work. The protocol in which the basic parts of the community make the community can communicate anonymously almost at the same time without being monitored or controlled by any "third party" in the process, most often a state or a central economic institution.
"Creating money; Everyone can create money if he publicly issues a solution to a previously unresolved mathematical-computer problem. "(Dai Wei's proposal for b-money)
And most importantly, 'proof of computer work' (proof-of-work) was presented as a legitimate means for 'creating' money.