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Introducing blockchain’s first generation

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Blockchain technology was introduced with the release of Satoshi Nakamoto’s paper, “Bitcoin: A Peer-to-Peer Electronic Cash System” in 2008. The paper proposed a completely new approach to handling electronic currency. It described a structured data repository that consisted of a chain of special blocks, called a block chain. This new approach made it possible for many nodes that do not trust one another to exchange currency without relying on a central authority. Blockchain’s first-generation goals focused on managing transactions between nodes that do not trust one another. Trust, not performance, was the central issue.

Blockchain Data Analytics For Dummies

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