âIâm interested in blockchain, not bitcoin.â
Admit it, youâve heard this hundreds, if not thousands, of times. (You might have even said it yourself.) And sure, people know what youâre saying, youâre talking about the âtechnology underlying bitcoinâ and you sound smart enough.
Once it became known â or at least presumed â that you could apply cryptography in finance, in ways similar to how itâs used in bitcoin, everyone started making sure that statement fell from their lips. And that refrain â kicked off by bitcoin itself â remains powerful today.
Sounds plausible? Sure. But, interestingly, the word âblockchainâ doesnât actually appear in the original bitcoin white paper, released back in 2008. Rather, the white paper uses the words âblockâ and âchainâ separately many times.
It describes the word âblockâ as the vehicle for a bundle bitcoin transactions. Then, these blocks of are linked together, forming a âchainâ of âblocks.â
So, who created this ultimate industry buzzword?
Turns out, the origins of the word are not quite so revolutionary.
âThe word blockchain was never used in the early days,â former bitcoin developer Mike Hearn told CoinDesk. Although, Hearn did acknowledge that Satoshi often referred to bitcoinâs âproof-of-work chainâ in discussions on forums.
It seems the first references to the word came about on Bitcoin Talk, a bitcoin-specific forum created by Satoshi, in July 2010 â more than a year after bitcoinâs release.
And at that time, these remarks werenât about how innovative the technology was, but instead were complaints about how long it took to download the bitcoin âblockchainâ (the entire history of bitcoin transactions).
While compared to today, the download would have far faster, according to one Bitcoin Talk user: âThe initial blockchain download is quite slow.â
In other words, initially, blockchain was far from the sexy word it is today.
Itâs hard to pinpoint exactly when the word really took hold.
But interest in the term seems to have sprung out of professional organizations and individuals hesitance to align themselves with bitcoin itself because of its bad reputation as the currency for drugs and gray economies.
âI think it [became popular] around the time people started going to Washington [D.C.] and trying to make bitcoin respectable by divorcing the currency from the underlying algorithms,â Hearn said.
To many, bitcoin the currency could be decoupled from bitcoin the blockchain protocol, and so a whole new industry of so-called âprivate blockchains,â devoid of a cryptocurrency, emerged. Sure enough, around that time in 2015, Google Trends data show the term surged.
âInitially people said âblock chainâ, and then, thanks to a great PR campaign, we were blessed with the much improved âblockchain,â single-word, probably thanks to a community-wide effort near and around the Bitcoin Talk forums,â long-time cryptocurrency developer Greg Slepak said.
Not only did it become one word, but it also came in vogue to describe any blockchain that wasnât bitcoinâs blockchain as âa blockchain.â Bitcoin got to keep the terminology âthe blockchain,â giving credence to the fact that it was the first.
Yet blockchain has become so divorced from bitcoin that both words typically see a similar spike when cryptocurrency prices start mooning. For instance, the word blockchain saw a huge uptick in Google searches in late 2017.
Still, itâs unclear exactly where the idea itself begins. To some, blockchains existed even before bitcoin, although that term wasnât applied to them back then.
For instance, cryptographer Stuart Haber, whose whitepapers on timestamping were cited in the bitcoin white paper, claims to have created the first blockchain called Surety.
According to Haber, that has to be the reason why Satoshi cited his work â three times out of just nine total citations. Surety was launched in 1995 for timestamping records, and itâs still running today.
Yet, Haber admits that his version doesnât have all the same benefits of bitcoin since itâs centralized â managed by one company.
And that highlights where things get tricky when youâre talking about a blockchain. See, there isnât necessarily agreement on a single definition of a the technology.
The Merriam Webster dictionary actually presents a much older word for blockchain â âa chain in which the alternate links are broad blocks connected by thin side links pivoted to the ends of the blocks, used with sprocket wheels to transmit power, as in a bicycle.â
While Google defines blockchain as:
But, for those seasoned veterans of the space, even this definition is problematic. Many of these new-age private blockchains donât record their transactions publicly.
âThe term has become so widespread that itâs quickly losing meaning,â as The Verge put it earlier this year.
Haber pointed to an Indian parable to help explain the incompatible descriptions.
In the parable, a group of blind men come upon an elephant and start touching the animal to try and figure it out what it was in front of them.
Depending on what part of the elephant each man is touching, their answer changes. For instance, one of the blind men, touching the elephantâs trunk, thinks itâs a snake, while the other, touching the elephantâs leg, exclaims itâs a tree trunk.
Itâs similar when people define blockchain, Haber said.
He told CoinDesk:
âSome definitions will be completely silly, showing that people donât understand what theyâre doing, but there will also be a bunch of accurate descriptions of various parts of the vast body of work.â
As such, he argues there isnât just one meaning.
Even though, bitcoiners believe a blockchain can only be the one and only bitcoin blockchain, like words, definitions are always evolving and changing.
Blockchain shirt image via CoinDesk archives