Author: kathrynmitchell

Since the 1970s, virtual systems for storing data have been researched by various eminent scholars. The term “Blockchain” had not been coined, or people were unsure about the final product back then. It was not until the late 2000s did the first blockchain started working to support the legendary cryptocurrency Bitcoin, and the world saw glimpses of what the future had held. With time, numerous applications have evolved, including applications based on cryptocurrencies, non-fungible tokens (NFTs), decentralized finance (DeFi), and decentralized autonomous organizations (DAOs). Additionally, the technology has also become an inseparable part of the Web3 ecosystem comprising other emerging…