Thursday, August 16, 2018

Ripple’s CTO invented a distributed computer system 20 years before blockchain – ask him about it


The mysterious Satoshi Nakamoto is often credited with inventing blockchain – the tech behind the recent cryptocurrency and decentralization boom. But long before Nakamoto published his seminal paper that shaped Bitcoin as we know it, Ripple chief technology officer David Schwartz had already come up a similar concept. Almost 30 years ago on August 25, 1988, Schwartz filed a patent for a “multilevel distributed computer system” that would “preferably” run on “personal computers.” The technology was designed to leverage the combined processing power of numerous devices to accomplish singular tasks. Three years later, Schwartz was eventually granted the patent. While the…

This story continues at The Next Web
https://ift.tt/2ODoVr2 support@endlesssupplies.ca (Endless Supplies .Ca) August 16, 2018 at 08:04AM

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