Tag Archives: SHA-256

Trying to understand bitcoins

Posted on May 31, 2013 by

In a 2008 paper, a Japanese programmer, Satoshi Nakamoto, introduced an alternate form of currency that he called bitcoins. His justifications were the problems plaguing contemporary digital commerce. In Nakamoto’s words: “Completely non-reversible transactions are not really possible, since financial institutions cannot … Continue reading →

Posted in Uncategorized | Tagged application-specific integrated circuits, bitcoins, crypto-currencies, cryptography, field-programmable gate arrays, internet commerce, SHA-256 | Comments Off