Fundamentals of Block Chain Technology . This is course is for intermediate students who are interested to learn about Block Chain technology and Crypto Currency.This Chapter deals with the Fundamentals of Bitcoin.
Blockchain was invented by a person using the name Satoshi Nakamoto in 2008 to serve as the public transaction ledger of the cryptocurrency bitcoin. The identity of Satoshi Nakamoto is unknown. The invention of the blockchain for bitcoin made it the first digital currency to solve the double-spending problem without the need of a trusted authority or central server. The bitcoin design has inspired other applications and blockchains which are readable by the public are widely used by cryptocurrencies.