Imagine that you had a thought about a certain dish? And you are not a cook, what would you do? Find a cook and transfer that thought to her or him and voila, you have that dish!
Imagine you wanted a dress that looks a certain way, and you are neither a tailor nor a designer, what would you do? Find a designer or a tailor and transfer that thought to her or him and tickity toc!! you have that dress!
Imagine you want someone to switch your lights and put the kettle on, imagine that you need a seat design in a certain way, or a pair of shoes that can accommodate that ugly bunion! In fact imagine all the material and non material things around you, they are not made by a certain person from A to Z
I guess you get the gist of what I am trying to explain to you. And that is how a chain can happen; small events that happen and we link them together.
When you have an idea, no matter how small, tedious, hard, or no one had imagined it before, all you need to do is either write it down for future use or do it straight away.
You are going to ask me how? Who, where, what etc. Who will do it, how will I do it etcetera! And that is the power of education. Because we all differ in so many imaginable and non imaginable ways, we (together) can accomplish any thoughts that is going to change our lives.
One can think of Education as a process, even though the process is tedious, long and takes a lot of our time, but it delivers to us wonders at the end of the day.
So when Satoshi Nakamoto wanted a coin that is outside the norm of our thinking? He did it! He may have had the programming language, but if someone didn’t write the blockchain program, he would have just developed it further. He imagined when people used to go to mines to get the diamonds and gold, he thought of computers and worked at mining that coin (the term bitcoin comes from the two words: coin is what we know, and bit is short for a binary digit which is the smallest unit of data in a computer system, and then a nibble (half a byte) and then a byte (8 bits) and please dont ask me how I know that, as it is buried in the bottom of my brain since the 80’s)
From these one can go with many combinations and permutations, or the so called “data mining” (basically finding a pattern in the bits and bytes) hence a Bit and a coin became a bitcoin and now we have a whole new world.
When you go to educate yourself, just make sure you do something that you are passionate about, and the rest of your life will use that knowledge to do things that are outside the realm of your current knowledge, and happens because education gives you not only the subject that you focus on studying (the bit) but the nibbles and bytes and maybe you will discover something that will save humanity from disasters or provide humanity with a certain knowledge that is most needed, or create happiness in anyway possible.
(The article is a collaboration between a young and knowledgeable person who told me about bitcoin when it was first discovered, and myself, along with a lot of searching on google just to deliver my thoughts).
Some materials that you might need for further reading:
https://en.wikipedia.org/wiki/Satoshi_Nakamoto
https://www.google.com/amp/s/www.techtarget.com/whatis/definition/bit-binary-digit%3Famp%3D1
Despite having years in the computing industry I am amazed at how many new things one can learn.
I already new about half a byte. But its intesting to know it is called a nibble.
To add to that info i would like to point that each of those nibbles actually accounts for an ASCI number, which then converts that number to a character. In shorter words the 1001 Could account for the number “9” and that would be the ASCI code for a letter like ‘a’ not capitalised since the capital version has a different ASCI code. Despite computers being extremely smart these days, almost surpassing the human knowledge not the full potential of the processing power of a human brain, they still don’t know the difference between ‘a’ and ‘A’.
It’s interests me to add that from there the process is still long, as these ASCI characters will now have to go through the Assembly language process. A very low level programming language which only a few genius programmers use only to refine the efficiency of the programs or even robots.
The process goes on to the next level of compiling, then presenting it to a semi-readable language, which is the known languages used by the general programmers, the most human like language of them all being the python programming language, taught nowadays in schools.
The process now comes to the point where satoshi decided a block should be. Where he used a cryptographic method called hashing.
Of which the words cryptocurrency and hashrate for miners comes from.
The hash type used by bitcoins is a one sided encryption which is called Sha-256. The 256 part is how many bits it contains 256 bits.
Unlike binary, this uses hexadecimal which contains all digits 0-9 and to cover for the rest uses letters A-F which account for 10,11,12,13,14,15.
Totalling 16 different characters.
Anyways, long story short a random combination of 256 bits worth of characters are included in each Sha-256 hash.
In bitcoins case. If Mr. Satoshi was to send X amount of bitcoins to Mrs. Suad. This whole sentence is a transaction which will be hashed, names replaced with an address similar to an IBAN.
IBAN-A subtract X BTC, IBAN-B add X BTC.
This gets hashed, and looks something like:
AFDC16281DEB16217792143BF
This called the transaction ID.
Bitcoins themselves also look the same.
Wallet addresses are also the same.
And finally the block that gets mined out is also a hash too.
There is no way to decrypt a hash, which means the only way is to have powerful dedicated devices, that keep trying random combination of words until they manage to get a word that matches the exact same hash as the blocks private key.
Afterwards the lucky device gets rewarded that block. Which then imprints its new owners address into it forever altering its hash.
Therefore, a bitcoin is a binary bit, a hexadecimal hash, and part of a block in a blockchain program.
There are many other factors that give it a financial, analytical and secure superiority. But in this post we describe the blockchain technology at its core.
great information thanks Ahmed