Quote from: monica46cole on Today at 11:22:49 AM

Quote from: AussieMat on January 03, 2025, 09:33:45 AM

Hello,
Has anyone researched or know why this algorithm was made public? What motives? Important question for Bitcoin

The Bitcoin algorithm was made public to create a decentralized digital currency system that doesn't rely on traditional financial institutions. The motives behind this were to ensure transparency, security, and accessibility in financial transactions. <snip>

This topic has to do with the SHA256 algo. While the Bitcoin code uses it for encryption that is not what this is about.

The NSA released it to ensure that the world's financial systems and other parties needing very strong encryption ALL have access to it and full access to the code used. Having everyone and their brother coming up with their own closed-source encryption raises too many questions over just how secure it would be.

FYI, now NIST is the organization that deals with encryption standards and they have already released 3 algos to handle the post Quantum Computing (PQC) world. As the quote from Satoshi said, when needed, a PQC algo can be plugged in to replace the current SHA-256 one.