Fact Finder - History

The invention of the blockchain was detailed in a white paper by the pseudonymous Satoshi Nakamoto. It is a distributed, decentralized ledger that records transactions across many computers so that the record cannot be altered retroactively. While its first application was the cryptocurrency Bitcoin, the underlying invention of 'decentralized trust' has potential applications in secure voting, supply chain tracking, and digital identity. It represents a fundamental shift in how digital information can be verified without a central authority like a bank or government.