# © Wei Dai

**Published by:** [bobik](https://paragraph.com/@bobik-2/)
**Published on:** 2023-10-26
**URL:** https://paragraph.com/@bobik-2/wei-dai

## Content

Wei Dai is the creator of the decentralized payment system "B-money". We don’t know much about Wei. He was born in 1976, graduated from the University of Washington with a bachelor’s degree in computer science and mathematics. Wei Daya’s profile, once posted on the website of the now defunct VoteHere company, stated that he was part of a research group for Microsoft, where he was involved in cryptography. Before joining Microsoft, Wei Dai worked as a programmer at TerraSciences. In addition, Wei Dai is the creator of Crypto++. It is a free and open C++ class resource, a library of cryptographic algorithms and schemes. Crypto++ has been widely used in academia, student projects, open access, and non-profit and business. In 1998, Wei made a publication about his "anonymous, distribution system" - B-money. B-money Wei Daya described a key concept later applied in Bitcoin and other cryptocurrencies:Special amount of computing work required;The work done is confirmed by the community;Employee is awarded with funds for his attempt;Exchange of funds is carried out by confirmation using cryptographic hashes;Contracts are executed by signing them electronically.However, the idea was never published - there were no enthusiasts who dared to take up the practical implementation of such a large-scale project at that time.

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