Blockchain fundamentals

- [Narrator] In 2008, an unknown individual or group of individuals using the pseudonym "Satoshi Nakamoto," published a paper titled "Bitcoin: A Peer-to-Peer Electronic Cash System." The paper proposed a new type of digital currency called Bitcoin based on a decentralized peer-to-peer network that could validate and record transactions without the need for a central authority. The key innovation behind Bitcoin was the use of a distributed ledger called the blockchain, which would record all Bitcoin transactions in a secure and transparent manner. The blockchain would be maintained by a network of computers that worked together to validate and record transactions, ensuring that the ledger was accurate and tamper-proof. Over time, it was clear that blockchain technology had potential applications beyond just digital currency. It could be used to create secure and transparent digital records to streamline supply chain…