by movard » Thu Mar 27, 2025 1:04 pm
How It Started:
2008: Satoshi Nakamoto published the Bitcoin whitepaper, outlining how blockchain could securely record transactions without a central authority.
2009: Bitcoin was officially launched, and the first block (called the Genesis Block) was mined.
Why Blockchain Was Invented:
To solve the double-spending problem in digital currencies.
To create a transparent and decentralized system where transactions are secure, immutable, and verifiable without middlemen (like banks).
Although Satoshi Nakamoto is credited with the invention of blockchain, the concept of a cryptographically secured chain of blocks was first described in 1991 by Stuart Haber and W. Scott Stornetta, who aimed to create a system for timestamping digital documents. However, Satoshi combined and expanded on these ideas to create what we now know as blockchain.
Satoshi Nakamoto’s true identity remains unknown to this day.
How It Started:
2008: Satoshi Nakamoto published the Bitcoin whitepaper, outlining how blockchain could securely record transactions without a central authority.
2009: Bitcoin was officially launched, and the first block (called the Genesis Block) was mined.
Why Blockchain Was Invented:
To solve the double-spending problem in digital currencies.
To create a transparent and decentralized system where transactions are secure, immutable, and verifiable without middlemen (like banks).
Although Satoshi Nakamoto is credited with the invention of blockchain, the concept of a cryptographically secured chain of blocks was first described in 1991 by Stuart Haber and W. Scott Stornetta, who aimed to create a system for timestamping digital documents. However, Satoshi combined and expanded on these ideas to create what we now know as blockchain.
Satoshi Nakamoto’s true identity remains unknown to this day.
Açieeed! style by Ian Bradley