We bow respectfully to the giant cryptocurrency universe created with small stones.

1976: Computer scientist Ralph C. Merkle inspired by the work of cryptographers
Whitfield Diffie and Martin Hellman, “New Directions in
Cryptography.”

1983: Computer scientist David Chaum created the digital currency, e-Cash.
a type of encryption called "blind signatures" to ensure secure and anonymous
transactions.

1997: Based on what Chaum started, the cryptographer and cypherpunk Adam
Back invents Hashcash, which uses a "proof-of-work" system that will do it later.
Bitcoin mining is possible.

1998: Wei Dai publishes a description of B-Money; is characterized as
an anonymous, distributed electronic cash system. Shortly after, Nick Szabo
described bit gold. Like Bitcoin and other cryptocurrencies to follow, bitcoin
gold (not to be confused with the next gold-based exchange, BitGold)
It is defined as an electronic currency system that requires users to complete a transaction.
Proof-of-work functionality by cryptographically combining solutions and
published.