You may have heard about blockchain. It gets linked with things like Bitcoin. But, do you know when blockchain really got its start?
Blockchain’s idea first popped up in a document called “Bitcoin: A Peer-to-Peer Electronic Cash System.” Someone or a group, known as Satoshi Nakamoto, put it out in October 2008. This document unveiled Bitcoin’s technology. It also shared the thought of a spread-out, non-centralized record book.
But, the Bitcoin blockchain’s first block, or the Genesis Block as it’s called, wasn’t mined until January 2009. This event signaled the real start of blockchain technology.
Think of Blockchain as a breakthrough tech tool. It’s a safe, clear, and unbreakable way for us to buy or sell things. Picture it like a line of blocks, each one stuffed with a sales list. These blocks stick together with secret codes, making sure our lists can’t be changed or ruined.
Blockchain technology, since being invented, has grown beyond just digital currencies. It’s now used in many fields like finance, managing supply chains, healthcare, and beyond. Many businesses find its no-middleman approach and decentralized design very appealing.
