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Bitcoin flipping

Bitcoin past, present and future explained [Infographic]

Carla Thomas
Bitcoin
Source: http://www.2kreviews.com/bitcoin-history-future-infographic/

The Bitcoin whitepaper remains the most comprehensive document about this cryptocurrency but if you don’t want to read eight pages of explanations, this infographic about the past, present and future of Bitcoin might come in handy.

On Tuesday, June 6, the price of Bitcoin hit an all-time high, according to the CoinDesk Bitcoin Price Index (BPI): $2,911.86, thus exceeding the previous record of $2,791.69 set in late May.

This shows that even in the face of new threats such as the WannaCry ransomware cyberattack, Bitcoin remains king in the world of digital currencies. Volatility is no longer (too much of an) issue for Bitcoin enthusiasts either.

For example, EY Switzerland became the first advisory firm to accept Bitcoin for its services; It is now possible to pay invoices from EY Switzerland in Bitcoin. According to the official announcement, “the new Bitcoin ATM is part of an internal EY Switzerland digitalization program and is intended to make employees more familiar with the topics of blockchains and cryptocurrencies.”

Veteran Bitcoin developer Matt Corallo told JAXenter in September last year that “Bitcoin has evolved in many ways — it has a much larger and much more knowledgeable development community, a much larger business community, and a generally much larger userbase.”

When I first got into Bitcoin, we had a very casual attitude towards changes, I’d say. Not only had we not developed a lot of the theory of operation of Bitcoin/blockchains, but also didn’t have the level of investment in Bitcoin that would necessitate the development community be massively careful with its actions. These days, Bitcoin stands alone in the cryptocurrency space in its development community’s level of care for the userbase and the many millions/billions invested in it.

Read the entire interview here.

 

The history of Bitcoin: The infographic

Author

Carla Thomas

Carla Thomas is the organiser of 2kReviews’ operations. She is known for her patience and authoritativeness, which she says is the only way to get work done in the office.


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