A Brief History of Digital Currency
One thing that comes to mind when someone mentions digital currency is Bitcoin. For most people across the world, both young and old Bitcoin is the only digital currency they have known of heard of (and maybe the altcoins that followed bitcoin). But did bitcoin appear out of the blue? Was bitcoin a novel idea of a mysterious person calling himself Satoshi Nakamoto? The answer is no on all counts. However, bitcoin is the iteration of an old idea with new technology. The technology, blockchain as we know it is however unique enough to change the way the whole fintech industry works. There....
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Xapo CEO and founder Wences Casares explains the history of money in a Big Think video about Bitcoin. His explanation of the history of money is below. “Bitcoin is a new digital currency that is perhaps the best form of money that we have ever seen. It’s important because most of us don’t understand money very well and perhaps the concept that is harder for us to understand is that money is and has always been a ledger. …the best way to understand money is to understand the history of money.
Today is another day in the history of Bitcoin that will help shape the future landscape of this digital currency for quite some time to come. As mentioned before, the largest AMA event in the history of Bitcoin is taking place for a few more weeks, and today will feature BitGo Co-founder Ben Davenport, as well as Bruce Fenton, Executive Director of the....
Bitcoin is now seven and a half years old, or almost eight, depending on where you believe Bitcoin began - the concept's fertilization as a White Paper, or its actual open-source birth and first public transactions. Over that time, life has never been boring for young Bitcoin, with the digital currency becoming extremely popular throughout the criminal and online underworld, as well as the more tech-savvy and economically progressive among us. Today, we’ll review the top five moments in Bitcoin’s rather spectacular history. Not the five best moments, nor the five worst, but the five....
Japan won’t let Mt. Gox bring it down, MGT brings Bruce Fenton on board, and a digital bank says “yes” to Bitcoin. Want to catch up on the latest digital currency news? Take a gander at the stories below. TOKYO – MITSUBISHI GOES IN ON DIGITAL CURRENCY. Despite its gruesome history with Mt. Gox, Japan is refusing to give up on digital currency. In a statement on Tuesday, Bank of Tokyo-Mitsubishi UFJ confirmed that it is experimenting with a new digital currency that utilizes Bitcoin technology to process transactions. A spokesman for the bank explained: “The details have not been decided. .....
The Ukrainian Ministry of Digital Transformation just launched the Meta History NFT Museum. “WE WILL NEVER LET ANY SINGLE DAY OF THIS PERIOD DISAPPEAR FROM THE LEDGER OF WORLD HISTORY.” – The Meta History Museum of War The mission of this NFT museum is “To preserve the memory of the real events of that time, to […]