Nick Szabo

Here we have another person from world of cryptocurrency that is Nick Szabo.


Specialism: IT engineer, cryptograph

Comes from: USA

Year of birth: 1966

Related cryptocurrencies: Bitcoin, Litecoin

Nick Szabo is a computer specialist, law expert and a cryptograph. the reason for his significance is mainly him being on of the first people participating on the Bitcoin development. Before Bitcoin, he worked on a very similar concept called Bitgold. This Bitgold should have worked as a digital gold an was very alike Bitcoin. Even Satoshi Nakamoto pointed out some of the parts of the Bitgold concept in his work.

Therefore, Nick is often suspected of being Satoshi Nakamoto, or at least, of being really close to him. Nick explains, that he just tried to mimic the safe reliable quality of gold. Nick also worked on so-called smart contracts, which should serve in a way, that people, using internet site, can together sign a contract without participation of the third party, or the intervention of the security authorities.The idea of smart contracts was developed by Nick in order to bring highly complex process of the contract law and a practise of drafting a protocol for trading between strangers on the internet.

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