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Bailey Jakob

TLDR: Summarizing Adam Back's Hashcash Whitepaper

In 1997, Adam Back proposed an innovative solution to email spam and denial-of-service (DoS) attacks in his whitepaper titled "Hashcash - A Denial of Service Counter-Measure." Hashcash introduced a proof-of-work (PoW) algorithm that later inspired the PoW system used in Bitcoin. Today's BitByte article summarizes the key ideas and contributions...

Bailey Jakob

TLDR: A Summary Of The Bitcoin Whitepaper

The Bitcoin whitepaper, published by the pseudonymous Satoshi Nakamoto in 2008, presents a decentralized system for electronic transactions without the need for a trusted third party. This system, called Bitcoin, uses cryptography to ensure the integrity of transactions and to control the creation of new units of currency. The goal...

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