The definition of ‘blockchain track’ first appeared in 1991. To prevent documents from being falsified or framed retroactively, Stuart Haber and W. Scott Stornett suggested using a blockchain distributed ledger. In 1992, the concept expanded to allow several documents to be combined into one core. But then the development of the project stopped. In all probability, this was because the physical technical facilities for that were not able to operate at the needed level at that time. Hah, it would be interesting to see all that blockchain solutions operated with the help of a Nokia 3310!
All in all, the technological society returned to blockchain only in 2004. Hal Finney proposed the Reusable world Proof-Of-Work system. This system could be called the prototype and the first to implement digital currencies. Each token (coin) had to be signed, and could be then sent to another owner.
The distribution system turned out to be transparent. Stored blocks and chains could not be changed or duplicated. That was the principle that was the basis of Bitcoin blocks’ creation later, in 2008.
As you can see, reaching transparency with blockchain technology was only a matter of time, and now this time has finally come!
Explore the future at https://tozex.io/!
