The Top 11 Blockchain companies and projects.
Blockchain technology came into existence when a paper titled “Bitcoin: A peer-to-peer electronic cash system” was announced by Satoshi Nakamoto in 2008.
However, the word “blockchain” was never used in the paper specifically.
The paper discusses a “peer-to-peer version of electronic cash”where network adds timestamps to the transactions by hashing them into a chain of hash-based proof-of-work.
On the other hand, people define distributed ledger as a peer-to-peer network that uses a specific consensus mechanism to prevent updation of an ordered series of time-stamped records.
Consensus mechanisms include Byzantine Fault Tolerance Algorithm, Proof of Stake, Proof of Work and more.
Some of the significant use cases of blockchain are supply chain and logistics, agriculture, healthcare, manufacturing, IoT applications and much more.
Building a blockchain app from scratch can be quite complicated; however, blockchain platforms allow developers to develop blockchain apps with ease.
As the blockchain technology is gaining a lot of traction with each passing year, several blockchain platforms are now available in the market that facilitates blockchain development.