Foundations of Blockchain

History of blockchain

We know that blockchain technology now has its main application where the tracking of transactions or events in a decentralized network is concerned; currently, the greatest scope to be found for this use case is in the area of finance. However, as a matter of fact, blockchain technology didn't appear as we know it and use it today until quite recently. The first ever idea of maintaining a chain of blocks to construct a tamper-proof timestamp of digital documents came about in 1991. But the concept wasn't popularized until an author with the pseudonym of Satoshi Nakamoto – whose identity is still not known today – showcased blockchains and their true use in decentralized networks in 2008, by publishing a paper titled ...