Introduction In this essay we will give a brief history of crytocurrency leading up to Bitcoin, give an overview of the Bitcoin protocol by summarizing key sections of the whitepaper, and briefly discuss Bitcoin’s use of cryptographical proof and computational security instead of trusted third parties within the protocol. History Bitcoin is far from original. Digital currencies date back as far as 1982, where David Chaum released a paper called "Blind Signatures", which formed the basis of ...
