base-builds

The concept of blockchain was first proposed by Satoshi Nakamoto in 2008, and in the following years it became a core component of the electronic currency Bitcoin: a public ledger for all transactions. By leveraging peer-to-peer networks and distributed time-stamped servers, blockchain databases are able to be autonomously managed. The blockchain invented for Bitcoin makes it the first digital currency to solve the problem of repeated spending. The design of Bitcoin has become an inspiration for other applications.