Bitcoin

1 post

“Proof instead of trust”

Satoshi Nakamoto outlined the basis of Blockchain and subsequently bitcoin with the above quote in his 2008 paper.   The paper also anticipated the 51% attack: “If a greedy attacker is able to assemble more CPU power than all the honest nodes, he would have to choose between using it to defraud people by stealing back his payments, or using it to generate new coins. He ought […]