Bitcoin was first introduced by Satoshi Nakamoto when he published a paper about it in 2008. The paper gained a
lot of attention as he managed to solve the double spending problem which researchers were attempting to solve
for over a decade. Satoshi Nakamoto introduced the concept of a distributed ledger called blockchain to do so.
The conceptual bitcoin was made a reality within one year.
Bitcoin was designed to be a digital currency that can be used for making transactions in place of fiat currency.
However, bitcoin and the technology behind it has grown bigger than itself. Blockchain technology has outgrown
bitcoin and now we have bitcoin exchange companies that are trying to find different uses of bitcoin technology.
Comments
Post a Comment