Blockchain 1.0

Blockchain 1.0 was the first generation of Blockchain technology that gained popularity after Satoshi Nakamoto published the Bitcoin whitepaper back in 2008. Based on Bitcoin’s original structure, Blockchain 1.0 was all about revolutionizing the way we perceive finances.

After the introduction of Bitcoin, developers all around the world understood the possibilities of a distributed ledger system (DLT). Blockchain 1.0 also influenced the creation of several decentralized projects.

Blockchain 1.0 accelerated the growth of cryptocurrencies, changing the world’s financial history once and for all. As of now, Blockchain has come a long way with the introduction of Blockchain 2.0 for smart contracts and Blockchain 3.0 inducing the adaptation of large enterprises and institutes into the technology.