How it started
Blockchain technology got importance after the concept of Bitcoin was introduced in 2008. It was created by Satoshi Nakamoto. It is however, a pseudonym given to the mysterious creator(s) of the world’s largest cryptocurrency. In October 2008, Nakamoto came up with the idea for Bitcoin as a digital currency. that would not require any central intermediatory to facilitate transactions in the official Bitcoin whitepaper. Nakamoto touted the bitcoin blockchain as a peer-to-peer network. It could leverage the mathematical discipline of cryptography to obfuscate transactions.
Big future ahead
Bitcoin’s open-source software started operating in 2009. This meant that anyone could participate in the network and bring about changes to the direction of the blockchain.
In 2022, Bitcoin is the most prominent digital currency in the market. the digital currency sports a global market cap of over $700 billion. It has the highest coin price amongst hundreds of cryptocurrencies.
