Who invented Blockchain technology

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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.

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Thanks

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