Blockchain Tech Hints At The Future of the Internet & Cybersecurity
This article was posted on Sunday, 09:39, UTC.
Bitcoin, as the first successful blockchain implementation, is not an unprecedented breakthrough, but it is the first to be applied and adopted at a global rate. The blockchain technology comes from a history of cryptography and security research. The Merkle Tree and distributed hash tables, hit upon in the 1970s, meant autonomy, fault tolerance and scalability for distributed systems. Bitcoin built upon this loose tradition. If it weren’t for those tools, the world would not have BitTorrent, Napster and Freenet, all of which are used in great deal by the modern web user. What Satoshi Nakamoto did first was combine…
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Justin O'Connell is the founder of financial technology focused CryptographicAsset.com.
Justin organized the launch of the largest Bitcoin ATM hardware and software provider in the world at the historical Hotel del Coronado in southern California.
His works appear in the U.S.'s third largest weekly, the San Diego Reader, VICE and elsewhere.