Who invented Blockchain technology

Who invented Blockchain technology

Hi,

I am wondering to find more about the Blockchain technology and the person put their mind in inventing Blockchain.

Who invented blockchain technology?

In want to know when it was invented and why?

Thank

View Answers

July 8, 2018 at 8:20 AM

Hi,

Blockchain is a de-centralized, distributed and secured ledger for storing transactions. It allows you the developers to create application for finance, banking, insurance and many other fields. Blockchain uses cryptography for the data into Ledger.

Data stored in Ledger is immutable and can't be modified. Leger data can be appended and it maintains time based transaction details for a Ledger.

Who invented Blockchain technology?

This technology is offering great advantage and it is used in Bitcoin.

Satoshi Nakamoto invented Blockchain in 2008 while developing Blockchain. He used this technology for creating the famous Bitcoin.

Earlier in 1991 a group of researchers discussed this technology to save digital record using cryptography with timestamp. Their idea was to save immutable data with the time details so that data remain temper proff.

Check more tutorials at:

Thanks


May 19, 2022 at 2:15 PM

Hi,

There are many uses of Blockchain technology in today's world. There are many uses of Blockchain technology in the industry. Blockchain is the shared ledger technology that records the transaction in the secured manner which can?t be updated, meaning it's immutable. Blockchain is the underlying technology for many cryptocurrencies like Bitcoin and Ethereum. Bitcoin is one of most popular cryptocurrencies in the world and it's becoming the dominant cryptocurrency. There are many ways people make money with Bitcoin, some of the examples are Bitcoin mining, Bitcoin trading and many others. As a beginner you have to learn a lot in Bitcoin to master this cryptocurrency. If you are trying to learn about Bitcoin check out Bitcoin for beginners to learn everything you should know in Bitcoin.

Thanks

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