Skip to Content

en | de

Bit gold

Created by Nick Szabo in 1998, Bit gold was a predessors to Bitcoin. Bit gold is a currency where individual units are created with the help of the proof-of-work algorithm. This algorithm uses the same principles as Bitcoin’s proof-of-work algorithm. Although Bit gold was never actually created, the idea is almost identical to Bitcoin’s blockchain ledger structure.

« Back to Glossary Index

Written by

Stefan Thume

Premium Partners of the Crypto Research Report: