Bitcoin's Academic Pedigree

This is a short resume of the nice article from Arvind Narayanan and Jeremy Clark found here (http://queue.acm.org/detail.cfm?id=3136559)

This is a really interesting article that details different key features found in Bitcoin from previous academic work.

http://deliveryimages.acm.org/10.1145/3140000/3136559/narayanan1.png

The document starts from the Linked Timestamping (establish that a "document" has been created at a certain point in time), how and why Merkle trees have been introduced (security, speed, and to reduce the number of transactions to be sent/receive).

http://deliveryimages.acm.org/10.1145/3140000/3136559/narayanan2.png

Then it goes to the Byzantine fault tolerance (fault-tolerant distributed computing) and how Bitcoin is related to.

After, they describe the origin of the Proof of Work, Sybil attacks.

Finally, it is a description of Bitcoin and how Sakamoto puts all this together.

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