Open-Source Bitcoin Project is a Result of 50 Years of Research

Bitcoin 3 h    Reading time: ~2 m

DocumentingBitcoin, the official Twitter page that showcases the accomplishments in the journey of the leading cryptocurrency Bitcoin, recently updated the page acknowledging and appreciating the Bitcoin crew’s 50 years of research and exploration.

The tweet shared on May 13 asserted that the open-source Bitcoin project was made possible by the “world’s greatest computer scientists, mathematicians, cryptographers, cypherpunks, and engineers”:

The open-source #bitcoin project was made possible thanks to 50+ years of research and development from the world’s greatest computer scientists, mathematicians, cryptographers, cypherpunks, and engineers:

— Documenting ₿itcoin 📄 (@DocumentingBTC) May 13, 2023

DocumentingBitcoin also shared a screenshot of the graph drawn by the Bitcoin educator and marketing advisor Dan Held in 2021, while he narrated the origins of Bitcoin. Held stressed on the graph that “Bitcoin’s prehistory” has been a story of “40 years of research, development and demand”.

Open-Source Bitcoin Project is a Result of 50 Years of Research0 Prehistory of Bitcoin

On June 17, 2021, Dan Held shared a Twitter thread incorporating the sketch of Bitcoin’s history, along with the link to his blog post originally published in 2018, under the title “Planting Bitcoin- Soil (3/4)”. The post pictured the journey of Bitcoin since 1974 when the software developers Vinton Cerf and Robert Kahn designed the software code, becoming the precursors of the digital world.

Held has acknowledged a wide range of individuals who stood paving the way to the inception of Bitcoin in 2008. Adam Back, the inventor of “hashcash” the PoW system, Nick Szabo, the designer of “bitgold”, Wei Dai, the inventor of “b-money”, and David Chaum, the founder of “DigiCash” are some among the many who have been addressed by the Bitcoin executive.

While thanking those people, Held referred to a previous statement of the Bitcoin developer Satoshi Nakamoto, when he said, “Bitcoin is an implementation of Wei Dai’s b-money proposal… and Nick Szabo’s Bitgold proposal”.


Updated: 05/13/2023 — 13:00

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