Hacker Noon October 21, 2019
Joseph Chukwube

In the year 1991, Stuart Haber and W. Scott Stronetta first described cryptographically as a secured chain of the block following their intensive work in this field, they wanted to create a system which could timestamp documents that could not be tampered with.

The first conceptualized blockchain was introduced by a person known as Satoshi Nakamoto in the year of 2008 and improved the system using a methodology similar to Hashcash and implement the first cryptocurrency Bitcoin the following year.

Since nobody knows anything about this mysterious character, the uncertainty of Satoshi’s identity has produced a host of bitcoin conspiracy such as 4 noteworthy Asian tech giants explicitly Samsung, Toshiba, Nakamichi, and Motorola created bitcoin, it can be a project of American intelligence agencies and many...