Wei Dai

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{{#if:Wei Dai

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Wei Dai
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Names/Aliases
Born
First seen
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{{#if:| BitcoinTalk }}{{#if:| Reddit }}{{#if:| Reddit }}{{#if:| Twitter }}{{#if:| Facebook }}{{#if:| Google+ }}{{#if:| Instagram }}{{#if:| Tumblr }}{{#if:| Flickr }}{{#if:| Weibo }}{{#if:| YouTube }}{{#if:| Vimeo }}{{#if:| Bitcoin Wiki }}

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Crypto++

Crypto++ (also known as CryptoPP, libcrypto++, and libcryptopp) is a free and open source C++ class library of cryptographic algorithms and schemes written by Wei Dai. Crypto++ has been widely used in academia, student projects, open source and non-commercial projects, as well as businesses.

VMAC

VMAC is a block cipher-based message authentication code (MAC) algorithm using a universal hash proposed by Ted Krovetz and Wei Dai in April 2007. The algorithm was designed for high performance backed by a formal analysis.<ref>{{

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b-money

In 1998, Dai helped to spark interest in cryptocurrencies<ref name=washington-post-first-bitcoin /> with the publication of "b-money, an anonymous, distributed electronic cash system". In the paper, Dai outlines the basic properties of all modern day cryptocurrency systems: "...a scheme for a group of untraceable digital pseudonyms to pay each other with money and to enforce contracts amongst themselves without outside help".<ref>{{

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}}{{#if:||.}}{{#if: |}}</ref> and other cryptocurrencies:

  • Requires a specified amount of computational work (aka Proof of work).
  • The work done is verified by the community who update a collective ledger book.
  • The worker is awarded funds for their effort.
  • Exchange of funds is accomplished by collective bookkeeping and authenticated with cryptographic hashes.
  • Contracts are enforced through the broadcast and signing of transactions with digital signatures (i.e., public key cryptography).

Relationship with Satoshi Nakamoto

Wei Dai and Adam Back were the first two people contacted by Satoshi Nakamoto as he was developing Bitcoin in 2008<ref name=nytimes-satoshi></ref> and the b-money paper was referenced in the subsequent Bitcoin whitepaper.<ref>{{

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In a May 2011 article, noted cryptographer Nick Szabo states:

Myself, Wei Dai, and Hal Finney were the only people I know of who liked the idea (or in Dai's case his related idea) enough to pursue it to any significant extent until Nakamoto (assuming Nakamoto is not really Finney or Dai).<ref>{{

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However Dai questions b-money's influence on Bitcoin:

...my understanding is that the creator of Bitcoin, who goes by the name Satoshi Nakamoto, didn't even read my article before reinventing the idea himself. He learned about it afterward and credited me in his paper. So my connection with the project is quite limited.<ref>{{

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External links

References