In recent months, blockchain technology has dominated the news. However, if you’re like many, you may not be able to wrap your head around what is being said completely.
In fact, according to the latest surveys, blockchain is one of the most complex emerging technologies out there today.
While it is still a relatively new technology, blockchain is one that could dramatically shape the way businesses, and marketers work in the not-so-distant future.
The blockchain was first defined in the source code for Bitcoin and is the underlying foundation for all cryptocurrency transactions. Bitcoin was invented in October 2008, when Satoshi Nakamoto published a white paper titled Bitcoin: A Peer-to-Peer Electronic Cash System.
The code for blockchain was released as open source in January 2009. Over the last decade, blockchain, the technology that runs Bitcoin, has developed into one of today’s most significant, ground-breaking technologies with the potential to have a tremendous impact on every industry from financial to educational, to manufacturing.
Currently, Bitcoin is just one of the several hundred applications that utilize blockchain technology. It has been an impressive decade of transformation for the technology with no signs of it slowing down in the next ten years.
If you are interested in learning more about what blockchain is, here are five of the most asked questions about the technology answered.
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