6min chapter

Coin Stories with Natalie Brunell cover image

Pete Rizzo: The Disappearance and History of Satoshi Nakamoto

Coin Stories with Natalie Brunell

CHAPTER

Bitcoin and the Byzantine Generals Problem

David Wheeler: I think that digital cash was really solved in the 1980s by David Chom. He says it wasn't Satoshi who invented proof of work, but he did invent the difficulty adjustment. Wheeler: Bitcoin is a peer-to-peer alternative to traditional currencies like gold or paper money. It's very close to these pieces of software and they have digital cash and work with computers even though they're not calculable.

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