The glory and dream of the bigwigs in the cryptocurrency circle (Part 2)
On November 1, 2008, a Japanese-American named Satoshi Nakamoto published a paper titled "Bitcoin: A Peer-to-Peer Electronic Cash System". This 9-page white paper stated his new vision for cryptocurrency across the ages, a decentralized electronic trading system that does not need to be based on mutual trust between the two parties.
On January 3, 2009, the Bitcoin Genesis Block was born, becoming the first application of blockchain. The total amount of Bitcoin is constant at 21 million, and rewards are distributed through mining based on the proof of work principle.
Satoshi Nakamoto developed the first client program for the Bitcoin algorithm and conducted the first "mining", a decentralized, fully automatic cash transaction system and its basic protocol composed of encryption algorithms, consensus mechanisms, peer-to-peer networks and distributed accounting technologies, marking the official birth of the Bitcoin financial system.
A contest between technology and politics has begun.
In that year, 23-year-old Wu Jihan successfully graduated from Peking University. In the context of the financial crisis when people were unemployed upon graduation, Wu Jihan, with the halo of a top student from Peking University, got what he wanted and joined Huaxing Capital to do venture capital.
What made him famous in the circle was translating Satoshi Nakamoto's Bitcoin white paper into Chinese "Bitcoin: A Peer-to-Peer Electronic Cash System". Even though Li Xiaolai later translated the Chinese version of the Bitcoin white paper, Wu Jihan's translation is still widely circulated in the circle today. #中本聪
