Exploring Blockchain Evolution from the 1980s and Onwards
Blockchain technology has lasted longer than most crypto users know of. From the early 1990s to the DeFi industry we know today, there was a substantial way the technology came through, boosted by the passion and confidence of the crypto enthusiasts and experts who have been working on shaping the new era of finance. The network of decentralized platforms and systems, now called Web3, has revolutionized how we think about digital transactions and interactions, opening new possibilities for people across the globe. So, how did it start and evolve?
Beginnings
Many experts link the roots of blockchain with Stuart Haber and W. Scott Stornetta’s creation of a chain of secure blocks designed to prevent meddling with document timestamps. In 1992, this solution was enhanced by including Merkle ...