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Next Steps: Looking to the future

  • Jun 30, 2020
  • 2 min read

No matter which way you look at it it, cryptocurrency is here to stay. Bitcoin leads the market now and will continue to go up.


Cryptocurrency is redefining the future of finance as we know it. It has many useful features including, purchasing power, high value storage, stable market value, privacy, decentralized applications, and so much more.

Power Players of the Crypto World


Private and Public sector companies play a large role in the cryptocurrency ecosystem.

There are many institutional investors, technical companies, Utility companies, and Banks fro from the private sector that help to keep cryptocurrency thriving. Even public organizations such as Central banks and governments are known to get involved with altcoins. They continue to gain popularity on a global scale due to new policies and rising adoption.


Growth Rate and Evolution


Looking up! Over the past five years, Bitcoin's use and popularity has grown almost 60%. The entire realm of cryptocurrency has erupted into a $200 billion industry!


Timeline


In order to understand the future of crypto, one must first understand it's past.

Cryptocurrency was born out of cryptography which is likely as old as time itself. Cryptography has been used throughout history but it wasn't until the 1980's when it became a valuable tool in the digital world. Then beginning around 1990 it became encryption used for secure online transactions. It wasn't until 2008 when Satoshi Nakamoto (whose true identity remains unknown) published the white paper Bitcoin: A Peer-to-Peer Electronic Cash System, which describes the functionality of the Bitcoin blockchain network.

Looking Ahead.


Anyone smart enough or lucky enough to start mining bitcoin back when it could still be done with a computer and graphics card is likely sitting on a large sum of money. That is of course if they didn't spend it on pizza!!



 
 
 

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