Introduction Section 1: Understanding Blockchain Technology Transaction initiation: A user initiates a transaction by creating a digital record of the transaction details, such as the sender, recipient, and the amount being Verification: The transaction is broadcasted to the network…

Introduction History of Bitcoin History of Bitcoin Year Event 2009 The mining of the first block, known as the “genesis block,” marks the official launch of 2010 The first real-world transaction involving bitcoin takes place when Laszlo Hanyecz purchases…