The birth of the Bitcoin network in 2009 first verified the feasibility of this technological architecture, and its white paper proposed a decentralized electronic cash system that solved the problem of dual payments; The smart contract function introduced by Ethereum in 2015 expanded the application boundaries of blockchain from simple value transmission to decentralized application (DApp) development through Turing complete programming language, giving rise to innovative formats such as DeFi and NFT. These two milestone breakthroughs have jointly laid the underlying logic of blockchain as the cornerstone of the value Internet.
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