Evolution of Blockchain and Bitcoin

#Blockchain first emerged in 2008 when #Satoshi #Nakamoto invented it with the intention of creating a public transaction ledger for the #cryptocurrency named #Bitcoin. Since then blockchain has become a buzzword in contemporary times unlike anything else before and due to this the need for a trusted authority or a central server is diminished.

Due to the rise in global #cryptocurrency market, blockchain has become a household name due to its #decentralization. #Blockchain technology has numerous applications from banking to the Internet of Things (IoT) and it is also expected to transform how connected medical devices and health records store and transmit data. Blockchain can reduce costs and improve workflows, the end goals of any IoT project.