Cryptography Pioneer Nick Szabo Touts Blockchain Tech's Security
Smart contracts pioneer Nick Szabo has lauded the security benefits of decentralised monetary systems built using blockchain technology. Speaking at Ethereum'sDEVCON1 conference, held in London today, Szabo - often rumored to be the creator of bitcoin - gave an overview of the blockchain's history and highlighted the security inefficiencies of centralised systems typically used by traditional finance institutions. Centralisation is insecure, said Szabo, before noting mainstream finance's reliance on government and law enforcement officials for security: "This is one of the reasons why....
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Nick Szabo, a cryptographer who worked on an early bitcoin prototype, played a key role in developing smart contracts and has been suspected of being Satoshi Nakamoto, is now raising money for a bitcoin/blockchain startup, according to Quartz. Szabo is trying to raise $3 million, according to unnamed sources and a pitch deck that Quartz reviewed. One source said Fenbushi Capital, a China-based venture capital firm that has invested in blockchain ventures, has already committed $1 million in seed capital for the startup. A Crypto Pioneer. Szabo worked on DigiCash, an electronic currency....
Cypherpunk and cryptocurrency pioneer Nick Szabo previewed his keynote for the Bitcoin 2021 event, being held in Miami on June 4 and 5.
Smart contracts and digital currency pioneer Nick Szabo has added his voice to the Blockchain scaling debate, stating that the Blockchain itself cannot handle card network transaction numbers. Szabo: Periphery Network ‘Needed’. In a blog post Thursday, Szabo eloquently described the needs of Bitcoin’s blockchain in order for it to retain its core unique selling point: censorship resistance; or what he calls “automated integrity.” “…Sacrificing performance in order to achieve the security necessary for independent, seamlessly global, and automated integrity, mean that the Bitcoin blockchain....
Nick Szabo is a legal scholar and cryptographer, and although he has categorically denied it, some believe him to be Satoshi Nakamoto, the creator of Bitcoin. Nick is the author of bitgold, which was the most complete conceptualization of a decentralized currency prior to Bitcoin. In November of 2013 Nick Szabo went dark and made his last known public communication for a long time. Seven months passed, and during that time more accusations that he was Satoshi arose. Aston University's Centre for Forensic Linguistics claimed that a forensic analysis of Bitcoins' White Paper suggests that....
Cryptographer and digital currency researcher Nick Szabo, who many believe to be the real identity behind Satoshi Nakamoto, has stated that a rapid block size increase is “a huge security risk” and “a reckless act to be performing on a $4 billion system.” Szabo made the remarks as part of the ongoing debate over the Bitcoin block size, which continues to draw in major players from across the community. As explained by Pete Dushenski, an author at Qntra and Contravex, the Bitcoin blockchain is like a city and the height of its walls is the network’s hashrate. “As such, the larger the....