Bitcoin (BTC)

“The new gold” “Digital gold” “The mother of all coins” as many define it. Bitcoin, the first cryptocurrency to provoke governments and banks and their fiat currencies with a decentralized infrastructure. At least, that is idea that lies behind the pseudonym Satoshi Nakamoto. To achieve this, the blockchain is used to connect peer-to-peer users to have transactions carried out to each other (using the SHA-256 algorithm). Partly because of bitcoin, blockchain has been introduced as a new platform to the world, from which many creative innovations flourish. At the end of 2017, bitcoin rose to a record high of $ 20.000,- according to coinmarketcap, which led to a worldwide mass flow of interest and adoption in society. Nowadays, BTC is seen more as an asset or commodity of value than the technology it holds.

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“Bitcoin will do to banks what email did to the postal industry”
– Rick Falkvinge

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