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> Innovation of bitcoin is proof of work, not a chain of blocks. Proof of work was invented in the late 90s by Adam Back. The consensus algorithm using proof o
by wraithm112 11y ago
> Innovation of bitcoin is proof of work, not a chain of blocks.
Proof of work was invented in the late 90s by Adam Back. The consensus algorithm using proof of work and a blockchain is what Bitcoin brought to the world.
- brighton36 11y agoAdam would say that the difficulty calibration was the innovation satoshi brought, as most everything else existed elsewhere in some capacity
- onnoonno 11y ago> Proof of work was invented in the late 90s by Adam Back. The consensus algorithm using proof of work and a blockchain is what Bitcoin brought to the world. Wikipedia disagrees: > The concept may have been first presented by Cynthia Dwork and Moni Naor in a 1993 journal article. Adam Back invented hash cash as one form of POW.
- wraithm112 11y agoTrue, I was wrong. Thank you for the correction.