Cryptography, Code, Consensus and Currencies Exploring the Technological Evolution of Blockchain Networks

The concept of blockchain technology has been evolving for over four decades, truly gaining prominence with the advent of Bitcoin and its revolutionary consensus system. Since then, blockchain has grown beyond its initial scope, numerous academic studies and innovative projects have expanded the boundaries of blockchain’s potential applications. In this review paper, we aim to provide an up-to-date analysis of the most recent and significant technological advancements in the field of blockchain. Drawing upon a comprehensive review of the literature, we delve into the fundamental components of blockchain technology. Additionally, we offer a detailed technological overview of the ever evolving blockchain ecosystems and highlight their impact on the broader blockchain networks.