A Closer Look At Wei Dai Proposed B-Money, The Vital Bitcoin Predecessor
— Government services utilizes, Wei, Persisting issues, Stage, Money, Money creation, Messages, Vital, Never launched officially, Alternative — 1 min read
B-Money was among the first proposed cryptocurrencies before Bitcoin emerged like we witness them today. Wei Dai proposed an alternative to the b-money creation due to persisting issues in the money creation. He proposed that a consensus must be there among the account keepers or the participants regarding how much B-money to be created every time. In the next article, I am going to discuss with you guys about some of his applications in cryptography like Crypto++, VMAC etc. In the previous article, we discussed in brief about Wei Dai and some of the areas he got involved in, such as Crypto++ library and VMAC Internet Draft. We are going to dig a little deeper about B- Money, one of the important predecessors of Bitcoin. Source