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12/28/2024 2:48:42 PM (GMT+1)

Blockchain Evolution: From Bitcoin to Ethereum

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Blockchain began with Bitcoin, which in 2009 introduced a revolutionary concept of a decentralized financial system. However, despite its innovativeness, Bitcoin is limited in functionality and only solves the problem of ensuring transaction security. Ethereum, created in 2015, expanded blockchain capabilities by implementing smart contracts. This allowed for the launch of decentralized applications (dApps), opening new horizons for both financial and non-financial sectors. Today, blockchain continues to evolve, offering increasingly sophisticated solutions for various industries.


This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.



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