Bitcoin and beyond: Blockchain — the new revolution in technology
| Mohan AC | - @MohanAC91
If you follow tech news even occasionally, I am sure you would have come across the word Bitcoin in the last few weeks. In this post, I want to explain some basic elements of Bitcoin.
- Do you know what Bitcoin is?
- What base technology is used in it?
- What are the hidden potentials of Blockchain?
Satoshi Nakamoto was the inventor of the Bitcoin protocol, publishing a paper via the Cryptography Mailing List in November 2008.
Nakamoto (who I’m going to refer to as “he”), a shadowy figure, whose identity — or even gender — is unknown, then released the first version of the Bitcoin software client in 2009, and participated with others on the project via mailing lists, until he finally began to fade from the community toward the end of 2010.
He took care never to reveal anything personal about himself, and the last anyone heard from him was in the...
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