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Last Updated:
2024-04-10 12:26:03

BlockChain

Digital ledger technology for decentralized transactions
Digital ledger technology for decentralized transactions

Blockchain is a digital ledger technology used for decentralized transactions. It allows secure and transparent recording of transactions across a network of computers. Blockchain is the underlying technology behind cryptocurrencies like Bitcoin and has applications in various industries beyond finance.

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1991
First Description of Cryptographically Secured Chain of Blocks

In 1991, Stuart Haber and W Scott Stornetta described a cryptographically secured chain of blocks for the first time, laying the foundation for what would later become known as blockchain technology.

1998
Significant Year in Blockchain History

The year 1998 marks a significant milestone in the history of blockchain technology, although specific details were not provided in the input.

2011
Introduction of Litecoin and Namecoin

In 2011, developers released blockchain-based cryptocurrencies called Litecoin and Namecoin, both derived from the Bitcoin project.

2013-11
Ethereum White Paper Publication

Vitalik Buterin, co-founder of Bitcoin Magazine, published a white paper proposing a decentralized application platform, which eventually led to the creation of Ethereum and the Ethereum Foundation. This milestone marked a significant advancement in blockchain technology beyond cryptocurrency.

2014-10
MIT Bitcoin Club Providing Students with Bitcoin

In October 2014, the MIT Bitcoin Club funded by MIT alumni provided undergraduate students at MIT with $100 worth of bitcoin, leading to insights on technology adoption rates.

2016-04
ISO Technical Committee 307, Blockchain and Distributed Ledger Technologies

In April 2016, Standards Australia proposed the creation of ISO Technical Committee 307 to develop standards supporting blockchain technology. This committee focuses on various aspects of blockchain such as terminology, security, smart contracts, and interoperability, with participation from over 50 countries and organizations like SWIFT and the United Nations.

2018-06
Criticism of Public Proof-of-Work Blockchains by Bank for International Settlements

In June 2018, the Bank for International Settlements criticized the use of public proof-of-work blockchains for their high energy consumption, highlighting the issue of energy-intensive blockchain mining.

2020-05-19
Bitcoin All-Time High

On May 19, 2020, Bitcoin reached its all-time high price of $19,891.00. The information is available on buybitcoinworldwide.com.

2022-07
LoRa Mining: Connecting the Internet of Things with Blockchain Technology

The article explores the integration of LoRa technology with blockchain for mining and connecting IoT devices.

2023
Ronin Network Theft of $625 Million

The video game blockchain Ronin Network reported the theft of $625 million worth of Ether and USDC stablecoins.

End of the Timeline
BlockChain

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BlockChain

Digital ledger technology for decentralized transactions
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