The concept of blockchain was first developed in the year 2008. At the time when an unidentified group known as the Satoshi Nakamoto, which published the Bitcoin whitepaper. This developed a revolutionary method that developed a decentralized ledger system that recorded transactions securely without banks being an intermediary. Hence, Bitcoin, the first cryptocurrency, was founded as the groundwork of the new digital currency era. Since that time it has become an advanced technology, in which cryptocurrency developers have put great efforts to unlock its full technological potential.