Remembering Hal Finney's contributions to Blockchain and beyond
Cointelegraph
Published Aug 28, 2020 05:28PM ET
Updated Aug 28, 2020 07:00PM ET
It's been six years since Hal Finney passed away from the Amyotrophic Lateral Sclerosis, or ALS. Finney is known as an early supporter of Bitcoin (BTC), and one of the first people to respond to Satoshi Nakamoto's initial post on the cypherpunk mailing list. In Bitcoin's earliest days, he was the only one who fully understood the possibilities of the technology, without being overtly skeptical about its prospects.
Finney was one of the better-known cryptographers in the cypherpunk community even prior to his involvement with Bitcoin. Early in his career, he worked for PGP Corporation, which owned Pretty Good Privacy software or PGP. The software allowed users to encrypt their texts, emails and files. In 2004, Finney developed Reusable Proofs of Work software or RPOW. It built on the proof-of-work concept developed by Adam Back in Hashcash by introducing reusability, hence the name. This was one of the stepping stones to Bitcoin; interestingly though, Satoshi did not cite Finney's work in his white paper.
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Written By: Cointelegraph
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