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Author Topic: What is the Origin of Blockchain Technology?  (Read 75 times)
bp124
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September 27, 2018, 12:02:34 AM
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The blockchain technology as we all know designed by Satoshi Nakamoto to serve as a distributed ledger for bitcoin transaction, to reduce the cost of transaction that people incur when transactions are made through our central banks and also to prevent the issue of Double Spending. One thing that is sometimes missing out of the equation is that we fail to appreciate the efforts of Stuart Haber and W. Scott Stornetta whom i believed also made great contribution in the birth of the blockchain technology.
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September 27, 2018, 01:46:18 AM
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satoshi is one entity. although he created bitcoin. the first currency that utilises lots of technologies into one unique project/currency.. you are right bitcoin and blockchain it is made up from a patchwork quilt of different idea's from different people. and satoshi just had the unique vision to sew all those concepts together into a seamless quilt. which no one else dewn together in such a way before.

having some data in batches where an identifier of a previous batch of data is added into the next batch of data is what these guys contributed to being what we now call blockchain

https://www.anf.es/pdf/Haber_Stornetta.pdf
Quote
5.1
Linking
Our first solution begins by observing that the sequence of clients requesting time-stamps and the hashes they submit cannot
be known in advance.
So if we include bits from the previous sequence of client requests in the signed certificate, then we know that the time-stamp occurred after these requests.
But the requirement of including bits from previous documents, in the certificate also can be used to solve the problem
of constraining the time in the other direction, because the time-stamping company cannot issue later certificates unless it has
the current request in hand.


and thats what the "chain" part of block chain is originating from
it was then satoshi who then decided on things like hashes/mining (PoW) instead of signature certificates(PoS) as the block identifer that not only locks the current block but then the identifier is added to the next.

so whether it was PoW of PoS haber and stornetta inspired 'blockchain' by their mentions of a sequence of bits linking documents of data like chain links

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September 27, 2018, 02:03:02 AM
 #3

The blockchain technology as we all know designed by Satoshi Nakamoto to serve as a distributed ledger for bitcoin transaction, to reduce the cost of transaction that people incur when transactions are made through our central banks and also to prevent the issue of Double Spending. One thing that is sometimes missing out of the equation is that we fail to appreciate the efforts of Stuart Haber and W. Scott Stornetta whom i believed also made great contribution in the birth of the blockchain technology.


All of your information are absolutely true, Bitcoin is the first crypto currency originated operated by Blackchain technology last 2009 and until now it is useful and continuously operated for several years and leading forecast always trending in big broadsheet and television  and also in social media.   

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September 27, 2018, 09:08:34 AM
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A blockchain, originally block chain, is a growing list of records, called blocks, which are linked using cryptography. ... Decentralized consensus has therefore been claimed with a blockchain. Blockchain was invented by Satoshi Nakamoto in 2008 to serve as the public transaction ledger of the cryptocurrency bitcoin.
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September 28, 2018, 10:34:18 PM
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There are so many people who have contributed to the betterment of the blockchain technology but their names are not mentioned anywhere. This is because we humans don't read much about these things. They are great entities which we have to give reverence to.

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bp124
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September 28, 2018, 10:51:04 PM
 #6

satoshi is one entity. although he created bitcoin. the first currency that utilises lots of technologies into one unique project/currency.. you are right bitcoin and blockchain it is made up from a patchwork quilt of different idea's from different people. and satoshi just had the unique vision to sew all those concepts together into a seamless quilt. which no one else dewn together in such a way before.

having some data in batches where an identifier of a previous batch of data is added into the next batch of data is what these guys contributed to being what we now call blockchain

https://www.anf.es/pdf/Haber_Stornetta.pdf
Quote
5.1
Linking
Our first solution begins by observing that the sequence of clients requesting time-stamps and the hashes they submit cannot
be known in advance.
So if we include bits from the previous sequence of client requests in the signed certificate, then we know that the time-stamp occurred after these requests.
But the requirement of including bits from previous documents, in the certificate also can be used to solve the problem
of constraining the time in the other direction, because the time-stamping company cannot issue later certificates unless it has
the current request in hand.


and thats what the "chain" part of block chain is originating from
it was then satoshi who then decided on things like hashes/mining (PoW) instead of signature certificates(PoS) as the block identifer that not only locks the current block but then the identifier is added to the next.

so whether it was PoW of PoS haber and stornetta inspired 'blockchain' by their mentions of a sequence of bits linking documents of data like chain links
Cool at least some folks in here agree with me. There is the saying that there is nothing new under the sun which simply means that most things that we see stem up from something and i think the blockchain technology was invented from the idea of Haber and stornetta but it just happens that they have been forgotten.
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September 28, 2018, 11:02:37 PM
 #7

Yeahh you are very about the origin of blockchain technology and i guess this buttresses the point that nobody really identifies the second place student other than the first. Though Haber and Stornetta had it in mind Satoshi Nakamoto invented and i guess he deserves the credit being awarded to him just that a little recognition for Haber and Stornetta would not be bad.

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September 28, 2018, 11:25:59 PM
 #8

To be fair, the blockchain is Satoshi's brainchild, with some works incorporated to it and I'm pretty sure he cited those ideas that helped him create bitcoin and the blockchain tech. The one who pieced it together and formed a working system should be the one credited for the work, with the concepts and ideas of other people receiving some form of recognition/credit of course. Seeing his replies on message boards, he has never failed to cite some works that he took inspiration out of, and I think that's a good thing for him.

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September 28, 2018, 11:50:03 PM
 #9

I guess you are right about the fact that some folks also deserve some recognisions about the invention of the blockchain technology that is mostly said that Satoshi Nakamoto invented it. Yeah Satoshi Nakamoto invented it but his invention came out of ideas that were in place and I believe he did  well to appreciate the content of our other writers and cryptographers.

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September 29, 2018, 12:31:03 AM
 #10

Never knew Satoshi equally is a part of the blockchain inovation. I just taught the blockchain has been around and he only came to build something called bitcoin that will run on it. It's funny that his fundamental foundation is been globally accepted but the currency developed by him to run on it is been questioned because it doesn't power to the central authority that aides manipulation.  Satoshi Nakamoto is just a class of genius in another class of his. Just like what Albert Einstein is to Physics.

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September 29, 2018, 12:50:19 AM
 #11

It may also be worth giving credit to the creators of code to run distributed networks and solid cryptography.  I don't think of the code Satoshi wrote as the smart part, it is the stitching together of ideas to create a secure ledger. Secure enough to be used as money. If we had that then money really would be yours.  Mathematically, provably yours.

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf

Free bitcoin in AFRICA - https://bitcointalk.org/index.php?topic=2710325.msg27720734
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September 29, 2018, 12:52:59 AM
 #12

The blockchain technology as we all know designed by Satoshi Nakamoto to serve as a distributed ledger for bitcoin transaction, to reduce the cost of transaction that people incur when transactions are made through our central banks and also to prevent the issue of Double Spending. One thing that is sometimes missing out of the equation is that we fail to appreciate the efforts of Stuart Haber and W. Scott Stornetta whom i believed also made great contribution in the birth of the blockchain technology.

I don't think that there are attempts or a known fact/events that discredits Stuart Haber and W. Scott Stornetta of their contributions to the blockchain technology.

It just so happened that Satoshi Nakamoto became the icon of bitcoin much like how Bill Gates is the icon of Microsoft and Steve Jobs is to apple.

And this is something that is of a natural occurrence, i am sure that you won't find any article that will claim Satoshi Nakamoto did it all by himself, rather, he led the rally for the cryptocurrency to be born.




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