The aim of introducing blockchain was to replace banks with software and it is said to be initiated by “Satoshi Nakamoto” by launching a project called “bitcoin.”
Each blockchain user is called a node and a node in the blockchain technology market initiates a digital transaction using its private key. The private key generates a unique digital signature and makes sure that no one can change it. Once done, the transaction gets broadcast to the verifying nodes.
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On January 3rd, 2009, a few months after the publication of the original whitepaper, the first lines of code were committed to the bitcoin blockchain by Satoshi Nakamoto. But Nakamoto vanished. No one has discovered who Satoshi was or is, though many have tried.
The initial idea of bitcoin...
Many of us have heard of cryptocurrencies (like Bitcoin), which have exploded in value in the last ten years. The underlying technology, blockchain, is the heart of crypto and many other new digital applications and ecosystems.
Blockchain is a digital archive or registry, w...
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