From BTC to AI: A Retrospective on 5 Generations of Blockchain Evolution
This text takes you thru the event of blockchain know-how throughout 5 distinct eras, analyzing the important thing options, technical challenges, and present standing of every era.
From Bitcoin to Ethereum, Layer 2 options, Solana, and now SUI and AI, every technological iteration has carried a brand new mission. With the arrival of fifth-generation blockchain, its potential to interrupt by means of present boundaries and obtain seamless integration with the true world is turning into more and more evident.
1. Origins and Imaginative and prescient
Bitcoin was invented in 2009 by the pseudonymous Satoshi Nakamoto, aiming to create a peer-to-peer digital money system impartial of central authorities. It emerged in response to the belief disaster triggered by the 2008 international monetary meltdown, using blockchain know-how to file immutable transaction histories and set up a totally clear digital forex.
2. Key Options
- Decentralization: Anybody can be a part of the Bitcoin community to transact or mine, making certain openness and resistance to censorship.
- Proof of Work (PoW): Mining establishes decentralized consensus, securing transaction information and stopping double-spending.