Blockchain Technology: Applications, Purpose, and Key Aspects What is Blockchain Technology? Blockchain technology represents an innovative system for distributed data storage, where information is stored in a chain of blocks that are cryptographically linked. Each block contains information about the previous block, creating a continuous and unbreakable chain that is extremely difficult to falsify or alter. A fundamental feature of blockchain is its decentralization: data is distributed across numerous nodes (computers) that collectively maintain the network. This decentralized structure provides high security and fosters trust among participants in the network. Who Invented Blockchain? The concept of blockchain technology was introduced by an anonymous developer (or group of developers) under the pseudonym Satoshi Nakamoto. In 2008, Nakamoto published a white paper on a decentralized digital currency called Bitcoin, which became the first practical application of blockchain. Block...
How to make a cryptocurrency: