it includes the following topics:
intro. to blockchain
history of blockchain
uses, types, key features, and challenges..
-by komal chaudhari.
diploma in information technology( 3rd year batch-2019)
Muchhala Polytechnic,thane.
6. 1991 - A cryptographically secured chain of blocks is described for the first time by Stuart
Haber and W Scott Stornetta
1998 - Computer scientist Nick Szabo works on ‘bit gold’, a decentralised digital currency
2000 - Stefan Konst publishes his theory of cryptographic secured chains, plus ideas for
implementation.
2008 - Developer(s) working under the pseudonym Satoshi Nakamoto release a white paper
establishing the model for a blockchain
2009 - Nakamoto implements the first blockchain as the public ledger for transactions made
using bitcoin.
2014 - Blockchain technology is separated from the currency and its potential for other
financial, inter organisational transactions is explored. Blockchain 2.0 is born, referring to
applications beyond currency
History of blockchain
7. Key features of blockchain
Write-only, immutable, transparent data
storage.
Decentralised, no need for intermediaries.
Consistent state across all participants.
Resistant against malicious participants.
Open to everyone.
8. Challenges
The high energy consumption- Bitcoin uses a lot
of energy.
Lack of scalability
Fake block generation
Lack of privacy
Lack of latency