DeepSec 2012 Talk: Evolution of E-Money

The concept of electronic money has been around long before BitCoin entered the stage. The main characteristic is its electronic storage and exchange. This is both convenient and dangerous since digital goods can be stolen by copying data or cracking codes, depending on the design of the e-money system (which often will involve cryptographers). Jon Matonis will give you an overview about both the goals and the scary aspects of the cashless society.

While the talk will focus on BitCoin, which is a peer-to-peer crypto-currency, you will get a deeper insight into how electronic currencies work, what challenges existing designs have solved (or haven’t), and which opportunities the use of digital currencies poses in the future. The phenomenon is quite young, but it is popular, even among criminals who already robbed a BitCoin bank. If you want to prepare yourself for the details of the protocol and how BitCoin works, we recommend this article by Seth Hanford.

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