CS18006
BLOCKCHAIN TECHNOLOGY
Prepared by,
Mr.K.FRANCIS DAVID, M.E.,
Assistant Professor/CSE
, UNIT II
BEHOLDING THE BLOCKCHAIN
Title 1-Introduction to Bitcoin Blockchain
What is Bitcoin?
A decentralized digital currency
Created in 2008 by an anonymous entity known as Satoshi
Nakamoto
What is Blockchain?
A decentralized, distributed ledger technology
Blockchain powers Bitcoin transactions and is crucial for
transparency and security
, The Birth of Bitcoin (2008-2009)
Whitepaper Release (2008):
"Bitcoin: A Peer-to-Peer Electronic Cash
System" published by Satoshi Nakamoto
Genesis Block (2009):
The first block of the Bitcoin blockchain
mined by Satoshi Nakamoto
Contains a hidden message: “The Times
03/Jan/2009 Chancellor on brink of second
bailout for banks.”
, Early Bitcoin Network (2009-2011)
First Bitcoin Transaction (2009):
Satoshi Nakamoto sent 10 BTC to developer Hal Finney
Bitcoin’s First Real-World Transaction (2010):
Laszlo Hanyecz buys two pizzas for 10,000 BTC (worth millions
today)
First Exchanges and Market Activity:
Bitcoin starts trading with small value and early adopters begin to
explore its potential
BLOCKCHAIN TECHNOLOGY
Prepared by,
Mr.K.FRANCIS DAVID, M.E.,
Assistant Professor/CSE
, UNIT II
BEHOLDING THE BLOCKCHAIN
Title 1-Introduction to Bitcoin Blockchain
What is Bitcoin?
A decentralized digital currency
Created in 2008 by an anonymous entity known as Satoshi
Nakamoto
What is Blockchain?
A decentralized, distributed ledger technology
Blockchain powers Bitcoin transactions and is crucial for
transparency and security
, The Birth of Bitcoin (2008-2009)
Whitepaper Release (2008):
"Bitcoin: A Peer-to-Peer Electronic Cash
System" published by Satoshi Nakamoto
Genesis Block (2009):
The first block of the Bitcoin blockchain
mined by Satoshi Nakamoto
Contains a hidden message: “The Times
03/Jan/2009 Chancellor on brink of second
bailout for banks.”
, Early Bitcoin Network (2009-2011)
First Bitcoin Transaction (2009):
Satoshi Nakamoto sent 10 BTC to developer Hal Finney
Bitcoin’s First Real-World Transaction (2010):
Laszlo Hanyecz buys two pizzas for 10,000 BTC (worth millions
today)
First Exchanges and Market Activity:
Bitcoin starts trading with small value and early adopters begin to
explore its potential
