  Shared registers are basic objects used as communication mediums in
asynchronous concurrent computation. A concurrent timestamp system is a higher
typed communication object, and has been shown to be a powerful tool to solve
many concurrency control problems. It has turned out to be possible to
construct such higher typed objects from primitive lower typed ones. The next
step is to find efficient constructions. We propose a very efficient wait-free
construction of bounded concurrent timestamp systems from 1-writer multireader
registers. This finalizes, corrects, and extends, a preliminary bounded
multiwriter construction proposed by the second author in 1986. That work
partially initiated the current interest in wait-free concurrent objects, and
introduced a notion of discrete vector clocks in distributed algorithms.
