Blockchain Basics

The concept of blockchains dates back to 1982, but it wasn't until 2008 that a functional system emerged, leading to the creation of bitcoin. A crucial element of this technology is the hash function, which transforms any input into a fixed-length output, making it both secure and efficient. For instance, regardless of whether you input a single character or an entire book, the output remains a massive 256-bit number—greater than the total atoms in our galaxy.