
What is Blockchain, and How Does It Work?
Do you know what blockchain means and what its purpose is? Learn blockchain technology concepts with Sabai Academy! How blockchain works.
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This module will briefly tell the history of blockchain technology from the emergence of the first concept to worldwide recognition.
The concept of was first proposed in 1991 by Stuart Haber and Scott Stornetta. The technology was designed to protect digital documents but did not receive recognition.
Later, in 2004, Hal Finney introduced the Reusable Proof of Work system and the Hachcash token, which could be transferred to other users.
In 2008, published the for . In 2009, he mined the first block in the and received a reward of 50 . The identity of is still unknown.
Later, in 2013, proposed using a scripting language in Bitcoin, but it was not approved. He then created his own blockchain, , which implemented . They are now used in a variety of different blockchains.
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Do you know what blockchain means and what its purpose is? Learn blockchain technology concepts with Sabai Academy! How blockchain works.

When did Bitcoin start and when did cryptocurrency start? Learn the history of Bitcoin with Sabai Academy. When Bitcoin came out, BTC release date.