In parallel with the economic events that we just described, the technology community has been undergoing an evolution of its own. Many brilliant technical minds have been working hard on solving problems to enable secure digital currency payments.
In fact, the Bitcoin whitepaper references prominent scientific publications, such as An Introduction to Probability Theory and its Applications by William Feller, published by John Wiley and Sons, Inc., in 1957; the BMoney paper by Wei Dai, published in 1998; and the Hashcash - A Denial of Service Counter-Measure paper, written by Adam Back in 2002.
Before we dive into the Bitcoin blockchain, we should tell you that the concept of digital currencies is not entirely new, and certainly was not invented with Bitcoin. Satoshi, the founder of Bitcoin, built his project considering and utilizing existing scientific...