Co-inventors of the early blockchain, Dr. W. Scott Stornetta, and Dr. Stuart Haber, alongside other industry-leading partners, are coming together to celebrate blockchain technology. That is its birth, past, present, and future, as a tribute to blockchain’s developmental process and the community backing it. This announcement comes on the 30th anniversary of the “genesis block” public appearance. The block is known widely as the first of the oldest progressive blockchain.
Of note, the celebration will run until Jan. 3, 2022, which is the 13th anniversary of Bitcoin’s genesis block. As Satoshi Nakamoto described in Bitcoin’s white paper – Bitcoin: A Peer-to-Peer Electronic Cash System – the Bitcoin design relies on Haber and Stornetta’s timestamp mechanism for transactional integrity. Satoshi has three out of eight footnotes referencing the researchers’ technical papers.
NFTs or non-fungible tokens will be used to honor the founders, innovators, and thought leaders of the blockchain community. Digital collectibles were chosen as they will best illustrate the range and diversity of the blockchain ecosystem. The NFTs will be auctioned through a novel mechanism, involving several innovative layer-1 blockchains and their communities.
“Without the work of Stuart Haber and Scott Stornetta, there are no NFTs, no Bitcoin, and no blockchain. I’m thrilled that they are using this opportunity to create an NFT to unify everyone within the blockchain ecosystem in a way that I believe only they can.”
Stuart Popejoy, co-founder and CEO of the Kadena blockchain and smart contract platform, expressed his thrill in the Kadena blockchain being part of the “Immutable Record’s celebration of blockchain.” The opportunity, he said, will make use of Kadena’s unique merits including institutional-quality provenance, custom marketplaces, and on-chain minting.
Importantly, Kadena is the industry’s only type of invention. It is the only existing scalable (in terms of speed and storage) layer-1 Proof of Work (PoW) blockchain that features Pact – the safest and easiest-to-use smart contract technology. The platform provides the environment and tools necessary for inventors to turn their ideas into a reality, ranging from DeFi applications to NFT marketplaces.
Decentralized services on Kadena are free from high transaction fees and storage challenges, due to the platform’s scalability. Kadena even allows developers and users to “mint marketplaces” where they can limitlessly customize the trading of tokens and NFTs.
Founded by Stuart Popejoy and William Martino, creators of JPMorgan’s first blockchain and leaders of the SEC Crypto Committee, Kadena aims at advancing true blockchain mass adoption.