Turing Award Winner: Blockchain and cryptocurrency represents a revival of cryptography

//Turing Award Winner: Blockchain and cryptocurrency represents a revival of cryptography

Turing Award Winner: Blockchain and cryptocurrency represents a revival of cryptography

Bitcoin or blockchain all have everything to do with cryptography. The ongoing Consensus blockchain summit has invited legendary cryptography scholar Whitfield Diffie, who won the Nobel Prize in computer computing in 2015. The predecessor was a pioneer in the study of public-key cryptography. He and Martin Hellman’s 1976 publication “Diffie-Hellman Key Exchange” was the basis for many future network security protocols.

This is satisfying when you know that privacy and cryptography can play their part and it is once again causing waves. Diffie said at the meeting. The 73-year-old cryptographer, who talked with the anonymous currency Zcash founder Zooko Wilcox, said: Blockchain and cryptocurrency represent a kind of achievement he made in order to enhance personal power and privacy in the 1970s. Diffie also recalls that around 1977, participants in the crypto conference suddenly surged from several hundred to thousands.

On the stage, Zooko Wilcox also mentioned that the field of cryptography can be regained attention, and it also has attribution from Satoshi Nakamoto. Diffie jokingly stated that he should leave a place for this anonymous creator on the stage. Wilcox said: “Over the past decade, it has been embarrassing to discuss privacy and cryptography in public. He quoted a statement from co-founder Scott McNealy of Sun Microsystems in 1999: You don’t own it anyway. Any privacy, to overcome this, he added, until the appearance of Satoshi Nakamoto, this matter has finally changed.
Encrypting Punk means that a group of advocates use cryptography and strengthen privacy techniques as activists for social or political change. Whether Whitfield Diffie does not consider himself a crypto-punk, he does make many changes to society through cryptography.

Diffie said: For many years, cryptographers had thought about how to develop financial technology, but they have never succeeded before. In the 1990s, DigiCash, a company that developed e-cash through encryption technology, eventually declared bankruptcy.


Asked whether the financial outlook created by the cryptocurrency market will weaken the crypto-punk spirit, Diffie said: In a sense, when you want to become a revolutionary force, you must first control the entire architecture, so I can’t see there is a conflict between business and political development.

Diffie said that the introduction of market forces such as cryptocurrency agreements could become a catalyst for strengthening privacy technologies, and that through the competition, the elimination of fragile projects can lead to the emergence of high-value projects.

Although Wilcox believes that the current market tends not to distinguish between good and bad cryptocurrencies, the entire market continues to maintain a consistent ups and downs regardless of the currency’s utility. But he believes that one day the market mechanism will examine these things.

Diffie recalled that the use of cryptography was only monopolized by the government, and later private companies and citizens were able to use these encryption tools. He said that this and the current blockchain technology have a decentralized effect.

In each era, something new and lonely emerges. In the 1990s, older cryptographers shared their experiences with younger generations. Obviously different generations face different topics, but how Isolation and questioning of the entire society, and seeing splendid achievements under his own insistence over time, there may be many resonances in the near future.

By | 2018-06-24T23:40:26+00:00 April 23rd, 2018|Blog|Comments Off on Turing Award Winner: Blockchain and cryptocurrency represents a revival of cryptography

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