- Traditional Financial System Inefficiencies
- Bit Gold as an Improvement to Precious Metals as Currency
- Benefits Proposed By Bit Gold
- Final Thoughts
- Key Takeaways
Bit Gold was one of the earliest attempts at creating a decentralized digital currency, proposed by blockchain pioneer Nick Szabo in 1998. Although the Bit gold project was never implemented, it’s often regarded as being the direct precursor to Satoshi Nakamoto’s Bitcoin Protocol.
Bit Gold as an Improvement to Precious Metals as Currency
Benefits Proposed By Bit Gold
To find out more, check out Nick Szabo’s Bit gold post on his blog Unenumerated.
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