About 10 years ago, an inventor in the pseudonym of Satoshi Nakamoto gave birth to the concept of ‘a peer-to-peer electronic cash system’ (P2P) through a 2009 whitepaper. While Satoshi gave this concept the name Bitcoin, other software developers have over the years baptized it digital cash, the internet of money, cash for the internet, virtual currencies, an international payment network, cryptocurrencies, among others.
What is Block Chain?
Block Chain is a form of distributed database similar to a public ledger that maintains a continuously growing list of records often termed as ‘blocks’.
Block Chain is an indigenous creation by a person or group named Satoshi Nakamoto, typically designed to maintain records of all Bitcoin transactions.