- Mar 13, 2022
- Content source
- Explains the 4 key components of Blockchain.
The word blockchain was coined in 1991. Satoshi Naka Moto, a codename for the originator of blockchain, was an anonymous individual. The blockchain was initially deployed in line with bitcoin in 2009, and bitcoin is a cryptocurrency. Blockchain has developed geometrically as a result of its open-source nature. The first well-known blockchain was Bitcoin. It's a decentralized system that uses an immutable ledger to record transactions between two parties. Double-spending is solved with a blockchain, a sequence of blocks carrying unique data.
Top 4 Core Components Of Blockchain Technology
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