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Look back at the history of Blockchain

Blockchain, crypto, and Bitcoin from the concept

Since the white paper introducing the concepts behind bitcoin and blockchain was published in 2008 and bitcoin went from concept to reality in 2009, the human race has beheld those rapidly developing years of blockchain. In 2014, Ethereum made it possible to use blockchain technology for applications other than cryptocurrency. It introduced smart contracts and provided developers with a platform for building decentralized applications (Dapps).

Etherium and its application

In 2015, the Ethereum Frontier network was launched, enabling developers to write smart contracts and decentralized apps that could be deployed to a live network. Ethereum was on its way to becoming one of the most popular blockchain applications. It drew in an active developer community that continues to this day. From that, Blockchain has been mainstream since 2016 with a gradual increase in peopleโ€™s interest.

NFTs opened a new world

Most recently, other use cases now gaining traction are prediction markets and NFTs, the latter more recognized for their roles in the art sector and collectibles but also gaining prominence with more sophisticated utility. NFTs first entered the limelight way before you might think, with the launch of CryptoPunks, the worldโ€™s first โ€œrare digital artโ€ marketplace, in October 2017. In only July 2021, DappRadar estimates that NFTs generated $1.2 billion in sales; more than half of the cumulative $2.5 billion sales volume In the first two quarters of 2021.

Blockchain gaming and the metaverse

If you arenโ€™t familiar with the metaverse, the term is basically the name for the collection of digital services and worlds that are becoming increasingly interconnected and interoperable. It is an ambitious vision, and many traditional platforms struggle to offer true compatibility, meaning various grafted-on systems must be used.

In the near future

Behind the scene of the metaverse will be a demand to deliver permissionless identity, financial services, and high-speed exchange. Data will have to be stored and served to millions if not billions of people. The answer to these problems lies in the technology of cryptocurrency.

The OnePad roadmap and our vision

As experts in developing and consulting, we aim to deliver the best transforming solution for your projects, even from the scratch.

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OnePad is a unified ecosystem that helps blockchain projects to simplify the process of transformation. Our website: www.onepad.com