Bitcoin is not a product. It is not even a company. It can be said to be an entity. So, is it possible to attribute the pre-bubble to the cryptocurrency?
I really don’t think this is very simple. First, let us answer some of the questions people ask;
What is Bitcoin?
Bitcoin was created by a person or group called Satoshi Nakamoto, known as a cryptocurrency, which is a digital currency and the first decentralized point-to-point payment network. Decentralization means that there is no central authority to manage entities. A key factor in the success of Bitcoin is that it is completely open.
It uses a technique called blockchain, and many people have been asking “What is a blockchain?” so let me elaborate. The blockchain network is an open ledger that displays each individual transaction and is indestructible because there is no one to keep the location of all records. This prevents any cyber attacker from breaking the information into the ledger. This is the dream that its creators have come to mind because the rise of bitcoin and blockchain originated from the mistrust of banks and financial institutions during the 2008 real estate crisis. So the idea of each node (computer) on the network can view and verify every transaction that is going on, bringing a form of trust.
Bitcoin latest news today
Imagine if every million people have the same copy of the instructions to make a toy car, then someone appears and has different instructions, they will not be able to build the same car because they have different instructions. The fact that everyone on the network can see the same transaction builds a strong security defense.
This digital currency system opens the door to new ways of trading over the Internet. Especially for dark web users who use cryptocurrencies to buy weapons, drugs and hot items like popular people. In my opinion, the continued use of Bitcoin to purchase goods and services via the Internet is our driving force.
Bitcoin has value because people think it has value. Before an official agency such as a government agency or central bank finds ways to manage cryptocurrencies and cancel their purchasing power, my personal opinion is that it will continue to maintain value appreciation.
Opinion leaders to follow
- Vitalik Buterin (@VitalikButerin) – the genius behind the world’s second most valuable cryptocurrency today – Ethereum.
- Andreas M. Antonopoulos (@aantonop) – Bitcoin evangelist and author of ‘Mastering Bitcoin’.
- Charlie Lee (@SatoshiLite) – creator of Litecoin.
- Nick Szabo (@NickSzabo4) – Szabo’s expertise with cryptocurrency started back in 1998 with the creation of the BitGold proposal, the predecessor of Bitcoin.
- Brian Armstrong (@brian_armstrong) – co-founder and CEO of Coinbase.
- Brock Pierce (@brockpierce) – co-founder of Blockchain Capital.
- Barry E. Silbert (@barrysilbert) – founder & CEO of Digital Currency Group.
- Don Tapscott (@dtapscott) – president and CEO of The Tapscott Group, Inc.
- Erik T. Voorhees (@ErikVoorhees) – founder and CEO of ShapeShift.io.
- Laura Shin (@laurashin) – senior editor at Forbes and co-lead reporter of the Forbes Fintech.
- Alex Tapscott (@alextapscott) – co-founder and CEO of the Blockchain Research Institute.
- Roger K. Ver (@rogerkver) – Bitcoin angel investor and Bitcoin evangelist.
- Jihan Wu (@JihanWu) – co-founder and director of Bitmain Technologies, Ltd.
- Marc L. Andreessen (@pmarca) – co-founder of Netscape Communications and co-founder of LoudCloud.
- Gavin Andresen (@gavinandresen) – chief scientist at Bitcoin Foundation and lead developer of Bitcoin Core.
- Adam Back (@adam3us) – co-founder and president of Blockstream.
- Oliver T. Bussmann (@obussmann) – president of Crypto Valley Association and founder of Bussmann Advisory.
- Tuur Demeester (@TuurDemeester) – editor-in-chief at Adamant Research.
- Meltem Demirors (@Melt_Dem) – director of development at Digital Currency Group.
- Fred Ehrsam (@FEhrsam) – co-founder of Coinbase.
See the full list here: Top People In Blockchain.