PA Pictures | One Picture to understand the birth of Bitcoin and the 50-year history of crypto-punk

The birth of Bitcoin is not accidental, but the achievements of the technology and concept accumulation of decades of crypto-punk movement. From the foundation of cryptography to the concept of anonymous electronic cash, to the practice of decentralized consensus mechanisms, a series of key breakthroughs paved the way for Bitcoin. Core concepts such as public key identity, Byzantine fault tolerance, proof of work, and smart contracts have shaped the foundation of the decentralized financial system. Satoshi Nakamoto’s Bitcoin white paper not only marks the birth of peer-to-peer electronic cash, but also continues the crypto-punk’s pursuit of privacy, freedom and censorship resistance, and set off a global decentralized revolution in the context of the 2008 financial crisis.