4. Bitcoins
Peer-to-peer network concept
Concepts: Transactions, Blocks, Proof-of-work
Transactions: The basic unit in Bitcoin concept
[Messages: The basic units in Bitmessage
concept]
Blocks: Makes sure that duplicates are not
created in the Bitcoin network
Proof-of-work – originated in HashCash by
Adam Back
5. HashCash
Proposed by Adam Back in March 1997
Protects the email system from Spamming and
Denial-of-Service attacks
This concept is extensively used in Bitmessage
6. Problem
In Bitmessage or Bitcoin system, the user has
to download the respective client into his
system
The first time download downloads all the
existing Bitmessages into the user's system
This is an issue because a naïve user may not
be comfortable to set it up
7. Solution
A web client that holds all the Bitmessage data
This web application is deployed on a server
which contains all the messages in the
Bitmessage network
A user logs into this system using his userID
and password and sends/receives messages
from this web client