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Published in:
A Brief History of Money Read chapter Read first chapter

2023 | OriginalPaper | Chapter

5. Birth of a New Asset Class

Author : Thomas Jeegers

Published in: Understanding Crypto Fundamentals

Publisher: Apress

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Abstract

While the first part of the book covered why cryptoassets are worth understanding, this second part dives into what they are in more detail. This chapter introduces how the first cryptoasset came to life, why it was meaningful, and what followed.

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Footnotes
1
The true identity of the author, or group of authors, under the nickname Satoshi Nakamoto is still unknown today. While he claimed to be a middle-aged Japanese man, his English was flawless and even used idioms that can only reasonably expected to be used by native speakers. Whoever stands behind this pseudonym is a genius accomplished in cryptography, computer science, mathematics, economics, monetary history, game theory, and more.
 
2
Originally presented in 1982 by Lamport, Shostak, and Pease [62].
 
3
Nodes is a more general term for the different actors in a system.
 
4
This is where the term crypto in cryptocurrencies and cryptoassets comes from.
 
5
Technically speaking, it is the public address, which is derived from the public key.
 
6
The exact number is available live on the homepage of CoinMarketCap (https://coinmarketcap.com/).
 
7
Those are not real examples of benefits from this particular token, but just hypothetical possibilities enabled by the technology.
 
Metadata
Title
Birth of a New Asset Class
Author
Thomas Jeegers
Copyright Year
2023
Publisher
Apress
Book
Understanding Crypto Fundamentals

Print ISBN: 978-1-4842-9308-9

Electronic ISBN: 978-1-4842-9309-6

Copyright Year: 2023

DOI
https://doi.org/10.1007/978-1-4842-9309-6_5

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