2010 When Laszlo Hanyecz, a programmer, spent 10,000 bitcoin for two Papa John’s pizzas that were delivered on May 22, Bitcoin made history. Back then, the two pizzas were worth roughly $40; at the current bitcoin price, that transaction would be worth almost $660 million. WOOOW !!! Not too long afterward, Tokyo-based Bitcoin exchange Mt….
1979The Merkle tree, so named in honor of mathematician and computer scientist Ralph Merkle, is one of the earliest pre-blockchain technologies. In his Stanford University doctoral thesis, he presented a method for digital signatures and public key distribution known as tree authentication. In the end, Merkle patented this concept as a way to offer digital…
The first decentralized blockchain was conceptualized by a person (or group of people) known as Satoshi Nakamoto in 2008. Nakamoto improved the design in an important way using a Hashcash-like method to timestamp blocks without requiring them to be signed by a trusted party and introducing a difficulty parameter to stabilize the rate at which blocks are added to the…