Chapter 610 Genesis Bible

Ask for a few monthly tickets in the middle of the month, thank you... The inspiration is like this. When you don't have it, you have to rack your brains to get nothing, and when the inspiration comes, there is a feeling like a spring surging, and all the bones come out.

Lin Hong originally had the idea of this electronic currency. When he attended a regular meeting of "cryptopunk" and listened to the speech of cryptopunk advocates, such an idea was rare in his mind.

After that, it took a long time for the idea to gradually become clear, especially after he learned about some financial aspects and events, the idea became more and more mature.

And today, this idea has finally matured.

It can be said that the solution he is now imagining is also a summary of the technologies he has learned before.

Three days and three nights, it took a total of three days and three nights. Lin Hong conceived his virtual currency clearly, and his design idea basically set the tone, just like setting the foundation for a building. The next thing is to work hard on this foundation and find a way.

During the past three days and nights, Lin Hong spent it in a very excited state, and even forgot to sleep.

He hasn't had this feeling of forgetting to eat and sleep for a long time.

When he came into contact with the radio, he was excited; when he first came into contact with the computer, he was excited; when he wrote the bit messenger, he was also excited; and later, it was not until the emergence of the superbrain system that he experienced this mood.

And now, this feeling comes again.

And with the continuous improvement of his design, his confidence in this electronic currency is getting stronger and stronger. Later, he is extremely convinced that this currency will definitely have an impact on the world. As for how big the impact will be in the end, it depends on the future development.

Lin Hong named this currency "Bitcoin", just like the basic principle of Bitcoin messenger, which is a point-to-point electronic currency system. Completely decentralized, there is no central currency management agency or server, and everything is based on participants.

Bitcoin, which is a currency that lives on the bit information flow.

Because this is based on a point-to-point protocol, the more people participate in it, the greater its impact will be, and the fastest way to achieve this is to open source it.

Just like the bit messenger, let others believe in this currency unconditionally. Everyone must fully understand the operation mechanism of this currency, so that they can endorse this currency and provide credit guarantees.

Lin Hong sorted out the basic design ideas and principles of Bitcoin, and finally wrote it into an English document. He can't wait to publish this document and share his achievements with everyone.

Although he hasn't written the software yet, it's only a matter of time.

He wants to see what feedback everyone has on his design. Let's see if there is anything else that needs to be modified.

Lin Hong has actually been paying attention to the dynamics of the loose organization of "password punk", and has also joined their internal discussion mailing list, if he wants to publish it. I also chose this mailing list, because only these people can understand their ideas, and they have been at the forefront of this field.

He made this document into PDF format, logged in to the email client, and planned to distribute the document, but at the last moment, he stopped.

He had the idea when he first released the bit messenger.

Bitcoin, which has the potential to replace the current traditional legal currency at some point in the future, has been born. It is doomed to be full of rebellion and subversion. It will encounter resistance, probably more powerful than the bit messenger, and may even be completely blocked by some countries.

Bitcoin will be a more dangerous thing than a bit messenger.

Lin Hong felt that it would be very troublesome if he exposed his identity like this.

So. He stopped and began to create another identity for himself, just like when he released the bit messenger.

Originally, he wanted to hack into an account and publish it. HOWEVER, CONSIDERING THAT HE MAY HAVE TO USE THIS ACCOUNT TO DISCUSS WITH OTHERS IN THE FUTURE, HE STILL SET UP ANOTHER IDENTITY, AND FINALLY CH chooseS THE ACCOUNT AS GHOSTER, WHICH IS TRANSLATED AS "GHOST" IN CHINESE.

In the end, Lin Hong, in the name of GHOSTER, released the document titled Bitcoin: A Point-to-Point Electronic Cash System on the secret email discussion group of the "Password Punk" organization.

This document, which has become the "White Paper of Creation" and the "Bible of Creation" by later followers, is only nine pages long, and briefly introduces the design ideas of Bitcoin.

Bitcoin uses a point-to-point algorithm to save all transaction records. This distributed network saves the details of each copy, and through these records, you can infer who each Bitcoin belongs to. If the Bitcoin in your transaction, you can't find records from these data. Obviously, your Bitcoin is fake.

Bitcoin payment uses symmetric encryption. Each account has a pair of keys, that is, the public key and the private key. The person with the private key is the owner of the account.

Here, the public key is equivalent to the bank account number of the cash box, and the private key is equivalent to the key of the cash box.

If someone wants to transfer money to someone else, he will transfer the corresponding amount of money into someone else's cash box account and sign with his private key at the same time, so that the other party will know that he transferred the money.

Every transaction needs a witness to guarantee that this transaction has happened, and this guarantor is the entire Bitcoin network, because when this transaction occurs, it will be required to broadcast to the entire Bitcoin network, leaving footprints in this network.

Each Bitcoin actually corresponds to a complete bill. Since the birth of this Bitcoin, all transactions have been attached to the back, forming a long transaction chain, that is, the blockchain. As the number of transactions increases, these blockchains will become longer and longer.

That is to say, every bitcoin can be traced back to the moment it was born.

And how did Bitcoin come into being?

Here, Lin Hong cleverly designed a HashCash mechanism called the "mining" process.

This is a mathematical computer system, which is inspired by the idea that some mathematical results are difficult to find and easy to verify.

A well-known example is the factorization of a large number.

The cost of multiplying numbers to get their product is low, but the cost of finding those factors first is much higher.

Bitcoin designed by Lin Hong uses such a principle to turn the birth of Bitcoin into a mathematical computational behavior. He vividly calls this process "mining gold mines".

If you want to dig a bitcoin, you must use the computing power of your computer's CPU to crack the "h hash value" contained in the head of the data block, that is, to contribute computing power to the whole network. Only by cracking it can you get this bitcoin.

Obviously, there must be more than one person mining. When Bitcoin becomes popular, there may be hundreds of people mining. So many people are competitors. They are all grabbing this Bitcoin. In the end, who can get it can only be determined by luck, which is determined by the random number.

The computing power contributed by the miners, without waste, is used as the encapsulation consumption of the entire bit network data block and the verification of transactions to ensure that every transaction is legal.

The core function of Bitcoin is point-to-peer payment, just like real money, without intermediaries and almost no transaction fees.

The technical implementation behind it is cleverly intertwined with the creation of currency, transaction payment, and transaction verification to form a perfect circle. ( To be continued) RQ