Subscribe
CryptoWeb.xyz
No Result
View All Result
  • Home
  • News
  • Altcoin
  • Bitcoin
  • Blockchain
  • Ethereum
  • Litecoin
  • Home
  • News
  • Altcoin
  • Bitcoin
  • Blockchain
  • Ethereum
  • Litecoin
No Result
View All Result
CryptoWeb.xyz
No Result
View All Result

Satoshi Nakamoto Had Outside Cryptography Help, Says Early Bitcoin Dev

According to an early Bitcoin (BTC) developer, Satoshi Nakamoto sought help from outside cryptographers prior to launching Bitcoin.

Laszlo Hanyecz, who worked closely with Satsohi in 2010, told Cointelegraph that he was befuddled by Satoshi’s choice of the elliptic curve secp256k1. The use of this curve, at the time, was unusual. National Institute of Standards and Technology (NIST) curves were much more common. Many Bitcoin enthusiasts over the years have been speculating as to whether this is luck or genius, as the curve chosen by Satoshi is more efficient and also makes any backdoor less likely.

“I had a bunch of people look at it”

At some point, Hanyecz sent Satoshi an email asking him why he picked this particular curve, Satoshi explained to Hanyecz that he had had some experts helping him:

Related articles

Hong Kong crypto firms seeing interest from Chinese banks: Report

XRP, LTC, XMR and AVAX show bullish signs as Bitcoin battles to hold $28K

“‘I had a bunch of people look at it and they told me this was good.’ And he didn’t really elaborate on it, but he said he had experts look at it.”

It is not clear exactly when Satoshi sought this outside help, but prior to launching Bitcoin. Neither it is clear whether Satoshi just posted his questions on some cryptographic forums and mailing lists or had live communications with cryptographers. 

A few tries before Bitcoin

On another occasion, Hanyecz marvelling at the genius of the Bitcoin design, asked Satoshi: “How did you make this? Would you do this by yourself?”, without going into details, he reported that Satoshi told him:

“I took a few years […] took a few tries. I’ve been working on it for a while.”

Generally, it is consistent with Satoshi’s public account of his work, in which he admits that he spent about eighteen months working on the code. We do not know if “few tries” refers to Satoshi’s previous projects or to earlier versions of Bitcoin.

This account also adds interesting wrinkles to the debate of whether Adam Back was a part of the Satoshi team. Were Adam Back part of the team, would they still need to seek outside help? Back, probably like Satoshi, is not a professionally trained cryptographer and Hashcash does employ an elliptic curve. 

Another issue is that, taking into account how careful Satoshi had been making sure that he did not leave any identifiers, was the information that he shared with Hanyecz even truthful?

Nonetheless, any new fact that could potentially help us better understand the mystery behind Satoshi Nakamoto and the creation of Bitcoin is worth considering.

Share122Tweet76Share31
Previous Post

Mining Hardware Maker Canaan Looks to Issue $12.4M in Stock to Employees

Next Post

Price Analysis 6/1: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, ADA

Related Posts

Hong Kong crypto firms seeing interest from Chinese banks: Report
Bitcoin

Hong Kong crypto firms seeing interest from Chinese banks: Report

XRP, LTC, XMR and AVAX show bullish signs as Bitcoin battles to hold $28K
Altcoin

XRP, LTC, XMR and AVAX show bullish signs as Bitcoin battles to hold $28K

Bitcoin is 1 week away from ‘confirming’ new bull market — analyst
Bitcoin

Bitcoin is 1 week away from ‘confirming’ new bull market — analyst

How does the economy work?
Bitcoin

How does the economy work?

Tim Draper recommends founders hold ’at least’ two payrolls ‘worth of cash’ in crypto
Bitcoin

Tim Draper recommends founders hold ’at least’ two payrolls ‘worth of cash’ in crypto

Bitcoin Bears Eye Possible Pullback to This Key Support Area, But Longer-term BTC Price Outlook Remains Strong
Bitcoin

Bitcoin Bears Eye Possible Pullback to This Key Support Area, But Longer-term BTC Price Outlook Remains Strong

ADS SIDE

More News

Bitcoin Price and Ethereum Prediction: A Packed Week Ahead – Potential Breakout Catalysts for BTC and ETH

Bitcoin Price and Ethereum Prediction: A Packed Week Ahead – Potential Breakout Catalysts for BTC and ETH

Hong Kong crypto firms seeing interest from Chinese banks: Report

Hong Kong crypto firms seeing interest from Chinese banks: Report

$4M ‘exit scam’ suspected as Kokomo Finance flies off radar, token plunges

$4M ‘exit scam’ suspected as Kokomo Finance flies off radar, token plunges

Minecraft, GTA may yet change their tune on blockchain: GameFi execs

Minecraft, GTA may yet change their tune on blockchain: GameFi execs

Coinbase wants devs to build inflation-pegged ‘flatcoins’ on its new ‘Base’ network

Coinbase wants devs to build inflation-pegged ‘flatcoins’ on its new ‘Base’ network

XRP, LTC, XMR and AVAX show bullish signs as Bitcoin battles to hold $28K

XRP, LTC, XMR and AVAX show bullish signs as Bitcoin battles to hold $28K

From Dorm Room to $1.75 Billion: 26-Year-Old’s Crypto Exchange Takes Africa by Storm

From Dorm Room to $1.75 Billion: 26-Year-Old’s Crypto Exchange Takes Africa by Storm

Community-driven crypto projects still thriving despite headwinds

Community-driven crypto projects still thriving despite headwinds

Bitcoin is 1 week away from ‘confirming’ new bull market — analyst

Bitcoin is 1 week away from ‘confirming’ new bull market — analyst

Bitcoin Price Prediction as BTC Rallies 3% From Recent Bottom – How High Can BTC Go Today?

Bitcoin Price Prediction as BTC Rallies 3% From Recent Bottom – How High Can BTC Go Today?

  • Advertise with us
  • Contact Us
  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Sitemap

© 2020 Copyright - All rights reserved.

No Result
View All Result
  • Home
  • News
  • Altcoin
  • Bitcoin
  • Blockchain
  • Ethereum
  • Litecoin

© 2020 Copyright - All rights reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT