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Proof-of-work
Proof of work (also written as proof-of-work, an abbreviated PoW) is a form of Cryptography, cryptographic proof (truth), proof in which one party (the ''prover'') proves to others (the ''verifiers'') that a certain amount of a specific computational effort has been expended. Verifiers can subsequently confirm this expenditure with minimal effort on their part. The concept was first implemented in Hashcash by Moni Naor and Cynthia Dwork in 1993 as a way to deter denial-of-service attacks and other service abuses such as spam (electronic), spam on a network by requiring some work from a service requester, usually meaning processing time by a computer. The term "proof of work" was first coined and formalized in a 1999 paper by Markus Jakobsson and Ari Juels. The concept was adapted to digital tokens by Hal Finney (computer scientist), Hal Finney in 2004 through the idea of "reusable proof of work" using the 160-bit secure hash algorithm 1 (SHA-1). Proof of work was later popularized ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cryptocurrency
A cryptocurrency (colloquially crypto) is a digital currency designed to work through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. Individual coin ownership records are stored in a digital ledger or blockchain, which is a computerized database that uses a consensus mechanism to secure transaction records, control the creation of additional coins, and verify the transfer of coin ownership. The two most common consensus mechanisms are proof of work and proof of stake. Despite the name, which has come to describe many of the fungible blockchain tokens that have been created, cryptocurrencies are not considered to be currencies in the traditional sense, and varying legal treatments have been applied to them in various jurisdictions, including classification as commodities, securities, and currencies. Cryptocurrencies are generally viewed as a distinct asset class in practice. The first cryptocu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Litecoin
Litecoin (Abbreviation: LTC; sign: Ł) is a decentralized peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Inspired by Bitcoin, Litecoin was the second cryptocurrency starting in October 2011. In technical details, the Litecoin main chain shares a slightly modified Bitcoin codebase. The practical effects of those codebase differences are lower transaction fees, faster transaction confirmations, and faster mining difficulty retargeting. Due to its underlying similarities to Bitcoin, Litecoin has historically been referred to as the "silver to Bitcoin's gold."Ismail, Ashiana. "Permissioned blockchains for real world applications." PhD diss., 2020. In 2022, Litecoin added optional privacy features via soft Fork (blockchain), fork through the MWEB (MimbleWimble extension block) upgrade. History Pre-Litecoin By 2011, Bitcoin mining was largely General-purpose computing on graphics processing units, performed by GPUs. This raised conc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cynthia Dwork
Cynthia Dwork (born June 27, 1958) is an American computer scientist renowned for her contributions to cryptography, distributed computing, and algorithmic fairness. She is one of the inventors of differential privacy and proof-of-work. Dwork works at Harvard University, where she is Gordon McKay Professor of Computer Science, Radcliffe Alumnae Professor at the Radcliffe Institute for Advanced Study, and Affiliated Professor at Harvard Law School and Harvard's Department of Statistics. Early life and education Dwork received her B.S.E. from Princeton University in 1979, graduating Cum Laude, and receiving the Charles Ira Young Award for Excellence in Independent Research. Dwork received her Ph.D. from Cornell University in 1983 for research supervised by John Hopcroft. Career and research Dwork is known for her research placing privacy-preserving data analysis on a mathematically rigorous foundation, including the invention of differential privacy in the early to mid 2000s, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Client Puzzle Protocol
Client Puzzle Protocol (CPP) is a computer algorithm for use in Internet communication, whose goal is to make abuse of server resources infeasible. It is an implementation of a proof-of-work system (PoW). The idea of the CPP is to require all clients connecting to a server to correctly solve a mathematical puzzle before establishing a connection, if the server is under attack. After solving the puzzle, the client would return the solution to the server, which the server would quickly verify, or reject and drop the connection. The puzzle is made simple and easily solvable but requires at least a minimal amount of computation on the client side. Legitimate users would experience just a negligible computational cost, but abuse would be deterred: those clients that try to simultaneously establish a large number of connections would be unable to do so because of the computational cost (time delay). This method holds promise in fighting some types of spam as well as other attacks lik ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Markus Jakobsson
Markus Jakobsson is a computer security researcher, entrepreneur and writer, whose work is focused on the issue of digital security. Career Markus Jakobsson is currently chief scientist at Artema Labs, a company with the mission of disrupting and improving the crypto and NFT markets. Prior to his current role, he has been chief scientist at ByteDance; chief of security and data analytics at Amber Solutions, and chief scientist at Agari. Prior to that, he was a senior director at Qualcomm as a result of Qualcomm acquiring FatSkunk in 2014; Jakobsson founded FatSkunk in 2009, and served as its CTO until the acquisition. Prior to his position at Qualcomm, Jakobsson has served as principal scientist of Consumer Security at PayPal, held positions as the principal scientist for Palo Alto Research Center and RSA Security, and served as vice president of the International Financial Cryptography Association. Prior to these positions, he was a member of the technical staff at Bell Labs, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hal Finney (computer Scientist)
Harold Thomas Finney II (May 4, 1956 – August 28, 2014) was an American software developer. In his early career, he was credited as lead developer on several console games. He later worked for PGP Corporation. He was an early Bitcoin contributor, and received the first Bitcoin transaction from the currency's creator Satoshi Nakamoto. Early life and education Finney was born in Coalinga, California, on May 4, 1956, to Virginia and Harold Thomas Finney. His father was a petroleum engineer. Harold Finney II attended the California Institute of Technology, graduating with a BS in electrical engineering in 1979. Career After graduation from Caltech, he went to work in the computer gaming field for a company that developed video games such as '' Adventures of Tron'', '' Armor Ambush'', '' Astrosmash'' and ''Space Attack''. He later went to work for the PGP Corporation where he remained until his retirement in 2011. Finney was a cryptographic activist. During the early 1990s, i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cryptography
Cryptography, or cryptology (from "hidden, secret"; and ''graphein'', "to write", or ''-logy, -logia'', "study", respectively), is the practice and study of techniques for secure communication in the presence of Adversary (cryptography), adversarial behavior. More generally, cryptography is about constructing and analyzing Communication protocol, protocols that prevent third parties or the public from reading private messages. Modern cryptography exists at the intersection of the disciplines of mathematics, computer science, information security, electrical engineering, digital signal processing, physics, and others. Core concepts related to information security (confidentiality, data confidentiality, data integrity, authentication, and non-repudiation) are also central to cryptography. Practical applications of cryptography include electronic commerce, Smart card#EMV, chip-based payment cards, digital currencies, password, computer passwords, and military communications. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Spamming
Spamming is the use of messaging systems to send multiple unsolicited messages (spam) to large numbers of recipients for the purpose of commercial advertising, non-commercial proselytizing, or any prohibited purpose (especially phishing), or simply repeatedly sending the same message to the same user. While the most widely recognized form of spam is email spam, the term is applied to similar abuses in other media: instant messaging spam, Usenet newsgroup spam, Web search engine spam, spam in blogs, wiki spam, online classified ads spam, mobile phone messaging spam, Internet forum spam, junk fax transmissions, social spam, spam mobile apps, television advertising and file sharing spam. It is named after Spam, a luncheon meat, by way of a Monty Python sketch about a restaurant that has Spam in almost every dish in which Vikings annoyingly sing "Spam" repeatedly. Spamming remains economically viable because advertisers have no operating costs beyond the management of th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
E-mail
Electronic mail (usually shortened to email; alternatively hyphenated e-mail) is a method of transmitting and receiving Digital media, digital messages using electronics, electronic devices over a computer network. It was conceived in the late–20th century as the digital version of, or counterpart to, mail (hence ''wikt:e-#Etymology 2, e- + mail''). Email is a ubiquitous and very widely used communication medium; in current use, an email address is often treated as a basic and necessary part of many processes in business, commerce, government, education, entertainment, and other spheres of daily life in most countries. Email operates across computer networks, primarily the Internet access, Internet, and also local area networks. Today's email systems are based on a store-and-forward model. Email Server (computing), servers accept, forward, deliver, and store messages. Neither the users nor their computers are required to be online simultaneously; they need to connect, ty ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SHA-1
In cryptography, SHA-1 (Secure Hash Algorithm 1) is a hash function which takes an input and produces a 160-bit (20-byte) hash value known as a message digest – typically rendered as 40 hexadecimal digits. It was designed by the United States National Security Agency, and is a U.S. Federal Information Processing Standard. The algorithm has been cryptographically broken but is still widely used. Since 2005, SHA-1 has not been considered secure against well-funded opponents; as of 2010 many organizations have recommended its replacement. NIST formally deprecated use of SHA-1 in 2011 and disallowed its use for digital signatures in 2013, and declared that it should be phased out by 2030. , chosen-prefix attacks against SHA-1 are practical. As such, it is recommended to remove SHA-1 from products as soon as possible and instead use SHA-2 or SHA-3. Replacing SHA-1 is urgent where it is used for digital signatures. All major web browser vendors ceased acceptance of SHA-1 SSL certifi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Application-specific Integrated Circuit
An application-specific integrated circuit (ASIC ) is an integrated circuit (IC) chip customized for a particular use, rather than intended for general-purpose use, such as a chip designed to run in a digital voice recorder or a high-efficiency video codec. #Application-specific standard product, Application-specific standard product chips are intermediate between ASICs and industry standard integrated circuits like the 7400 series or the 4000 series. ASIC chips are typically semiconductor device fabrication, fabricated using metal–oxide–semiconductor (MOS) technology, as MOS integrated circuit chips. As feature sizes have shrunk and Electronic design automation, chip design tools improved over the years, the maximum complexity (and hence functionality) possible in an ASIC has grown from 5,000 logic gates to over 100 million. Modern ASICs often include entire Central processing unit, microprocessors, memory blocks including Read-only memory, ROM, Random-access memory, RAM, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Satoshi Nakamoto
Satoshi Nakamoto ( – 26 April 2011) is the name used by the presumed pseudonymous person or persons who developed bitcoin, authored the bitcoin white paper, and created and deployed bitcoin's original reference implementation. As part of the implementation, Nakamoto also devised the first blockchain database. Nakamoto was active in the development of bitcoin until December 2010. There has been widespread speculation about Nakamoto's true identity, with various people posited as the person or persons behind the name. Though Nakamoto's name is Japanese, and inscribed as a man living in Japan, most of the speculation has involved software and cryptography experts in the United States or Europe. Development of bitcoin Nakamoto said that the work of writing bitcoin's code began in the second quarter of 2007. On 18 August 2008, he or a colleague registered the domain name bitcoin.org, and created a web site at that address. On 31 October, Nakamoto published a white paper on the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
