Blockchain — A Decentralized Solution
A Blockchain is a distributed digital ledger that is completely open to anyone who uses Cryptocurrency such as Bitcoin and Altcoins. In simple words, Blockchain is a chain of blocks that stores information. The Blockchain is the brainchild of a person or a group of people known by a pseudonym, Satoshi Nakamoto. It was first introduced by Satoshi Nakamoto in the year 2008. The Blockchain was suggested by the group of researchers back in 1991 in a form of Digital Timestamps. The technology was left unused until Satoshi Nakamoto built Bitcoin (a digital Cryptocurrency) using the Blockchain technology.
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