Triple-Entry Bookkeeping: How Satoshi Nakamoto Solved the Byzantine Generals’ Problem

DIGIT — Sun, 02 Aug 2020 23:30:56 +0000

In 2008, Satoshi Nakamoto essentially solved the infamous computational issue called the “Byzantine generals’ problem” or the “Byzantine Fault.” Throughout the history of man, people used ledgers to record economic transactions and property ownership. A ledger is often referred to as the “principal book,” and entries can be recorded in stone, parchment, wood, metal, and […]

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Money and Democracy: How the Elite Manipulated Ledgers and Created a Social Ranking System

DIGIT — Mon, 22 Jul 2019 02:00:20 +0000

Money is one of the most important but least understood manmade tools in existence. For more than 5,000 years humans have used a tool of exchange called money to facilitate trade. During this timespan, the evolution of money has evolved into a system of information, a social contract, and a ranking system. Also Read: IRS […]

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double-entry bookkeeping – DIGIT INFO

Triple-Entry Bookkeeping: How Satoshi Nakamoto Solved the Byzantine Generals’ Problem

Money and Democracy: How the Elite Manipulated Ledgers and Created a Social Ranking System