Introduction: In 2008, in a mailing list called "Cypherpunk", Satoshi Nakamoto released a white paper on Bitcoin. This is where a magnificent global social cryptography experiment began. As a result, Bitcoin Derived the encrypted digital currency industry and created a new field of the blockchain.
What is "Cypherpunk"?
In a narrow sense, "cypherpunk" is an encrypted e-mail system. In 1992, Tim May, a senior scientist at Intel, launched a cypherpunk mailing list organization. In 1993, Eric Hughes wrote a book called "Cyberpunk Manifesto". The first time the term "cypherpunk" (cypherpunk) appears.
There are about 1,400 users of "cypherpunk", and the topics discussed include mathematics, encryption technology, computer technology, philosophy, etc., as well as private issues. This community is organized by a group of activists and dreamers who aim to use encryption technology extensively to promote social development. All of the members are famous, including Assange, the founder of WikiLeaks, Bram Cohen, the inventor of BT download, Shawn Parker, the founder of Facebook, and Satoshi Nakamoto, the creator of Bitcoin.
Exploration of Cryptography
In fact, before Satoshi Nakamoto, cypherpunks had made attempts similar to Bitcoin. Unfortunately they all failed, but they have left valuable experience and reference to the birth of Bitcoin. According to statistics,, cypherpunk members discussed and created as many as 10 digital currencies and payment systems that failed before the birth of Bitcoin.
Since then, Bitcoin quickly surpassed the small circle of cypherpunks and moved into a wider world. The blockchain technology derived from Bitcoin is also transforming human society. In the final analysis, the underlying framework of the blockchain technology derived from Bitcoin uses cryptography. Cryptography is a method that uses advanced mathematical principles to store and transmit data in a specific form so that only its target users can read and process the data.
With the rapid development of the Internet and information technology, cryptography has been given new meanings. Password hashing, electronic signatures, etc. are widely used in anti-tampering, identity authentication and other occasions. There are currently three widely used forms of encryption, like symmetric encryption, asymmetric encryption, and hashing. Bitcoin has realized a distributed, peer-to-peer, credible, verifiable, and non-temperable encrypted digital currency through a combination of a series of cryptographic algorithms. The cryptographic knowledge of Bitcoin mainly includes hash algorithms and public key crypto-systems. And encrypted digital signature.
The Geek community is changing the world.
The Geek community has participated in mathematics, cryptography, computer science, and philosophical issues in the field of cypherpunk social communication. It adheres to the great power of a free and decentralized community. Most of the products are released in open source format, allowing users worldwide, being able to participate, encryption technologies such as DES and RSA, which have been passed down to widely used by now.
In a sense, the Geek community is a pioneer in the blockchain industry and a contributor to the industry's highest honor. Today their works are changing human society. In order to commemorate the early incubation of the contributors of encrypted digital currency cryptography in the geek community and to record these contributors and the development history of this industry, Loong Token came into being.
About Loong Token
Loong Token is a decentralized community autonomous project spontaneously established by the geek community on the public chain of Ethereum. It represents the top mathematics, cryptography, computer science, and philosophy fields, and symbolizes that this field will enter its heyday. At present, it has received early investment from strategic partners in the DeFi community and many KOLs. As the blockchain industry nurtured by Bitcoin is advancing the continuous development of human society, the value of Loong Token's existence has gradually been highlighted.
The Chinese name of Loong Token is Long Coin, or LOONG for short, with a total issuance of 100 billion. Loong Token is a decentralized token issued by the geek community on the Ethereum chain. Based on the original intention of the project, the start-up team agreed that the team did not need to reserve LOONG tokens, nor did they reserve them to do mining actions, so as to be 100% freely circulating in the market.
It is worth noting that Loong Token innovative transaction development mechanism, trading LOONG tokens, each transaction will automatically execute the smart contract, each transaction deducts 6% of the actual transaction total, no one can tamper with this contract, open source on the chain Can be queried. Of the 6% deducted for each transaction, 3% will directly execute the smart contract and enter the black hole address for permanent destruction, and the other 3% will be rewarded to users who hold LOONG tokens, so that the holding of zero bubbles means mining
This innovative transaction development mechanism not only improves the motivation of LOONG token holders, but also promotes the continuous expansion of the LOONG community. At the same time, 3% directly enters the extreme deflation transaction mechanism of permanent destruction of black hole addresses, because LOONG tokens will never be issued, and each transaction will permanently destroy 3%, which will directly promote the value of LOONG tokens. The Loong Token consensus community will also form naturally.
The power of consensus
As time goes by, the blockchain industry will have a deeper and deeper impact on various industries around the world. And the value of early contributors in the blockchain industry will be recognized by more and more social organizations. In the future, as an auspicious sign of the blockchain industry, Loong Token will not forget its original intention and always affirm every practitioner who has made outstanding contributions in the blockchain industry.
The LOONG community welcomes every practitioner to join and promote the continuous upward development of the blockchain industry together. With the continuous expansion of the LOONG community, the influence of Loong Token will continue to expand. It will lead more investors with the same consensus to welcome the arrival of the new era of wealth. Stay tuned!