Blockchain technology first appeared not so long time ago. It all started in 2008, when Satoshi Nakamoto (not the real name) published “Bitcoin: A Peer to Peer Electronic Cash System” white paper. It described Bitcoin functioning concept. Subsequently, Blockchain grew over 10 years into an important foundation for the world of modern technology. It is able to change the functioning of not only the world’s financial system (as brightly demonstrated today by Bitcoin and other cryptocurrencies), but also to influence the modernization of the production sector, education etc.

In 2009, Bitcoin was officially introduced as an example of Blockchain. That mean, Blockchain is a global phenomenon, and cryptocurrencies are its first functional example. The next 5 years the technology gradually developed in this space and Bitcoin gradually grew in price, new cryptocurrencies appeared, more and more people learned about the technology.

Since 2014, the first developments for other spheres of application appeared (how to use the concept in the context of different types of operations). Here we come to the Blockchain’s definition. Technology is essentially an open decentralized accounting book that records transactions (actions) between the two parties in a constant mode without the involvement of a third party (for example, third-party authentication).

Global understanding of the concept’s prospects and its possible realizations in insurance, logistics, healthcare, etc. came soon. Entrepreneurs quickly saw this and global investment began in all areas of development.

Thus began the growth of cryptocurrency value and the introduction of technology in different spheres of life. By estimations of 2018, more than 10% of financial institutions of the planet already use Blockchain. The introduction into other spheres at the global level will not take so long time.

The year 2015 is marked by the expansion of Blockchain’s capabilities. That year Ethereum platform was launched and it allowed to work not only with currencies but also with loans and contacts. The platform basis was the concept of a smart contract (algorithm) which ensures implementation of an action between the two parties in a closed environment. Ethereum soon became the basis for a number of cryptocurrencies offering a faster, safer and more efficient work concept. Technology immediately became interested by such giants, as Microsoft.

Today, the main task of Blockchain researches is to increase the speed of transactions processing. Each Blockchain transaction is processed by all computers in it. Developers are looking for ways to use less resource to conduct transactions in a way that does not threaten security.

Against the background of the task set the third generation of Blockchain came. It’s example is the concept of a directed acyclic graph (DAG). DAG allows you to organize information not as a sequence of blocks but rather a conditional operations tree, where each new action is tied to the previous ones. The action is confirmed not by the whole chain of operations but by only a few “predecessors.” As practice shows, this simplifies the stage of operations confirmation and increases system’s security.

During the Blockchain implementation into Worlopoly we set the task of parallel development of our game together with it. Initially, a new Worldopoly Token (WPT) cryptocurrency based on Ethereum was created and it will become the basis of the game’s financial system and the practical implementation of its original concept. But we are also ready for the DAG starting with the promising Byteball currency on its base. Today, the project takes investments in ICO through Byteball and it is quite possible that there will be application of the latest technologies in our game in the nearest future.