The innovation of bitcoin is perhaps the most important development of the early 21st century. In a span of only 5 years, the digital currency has jumped from being traded at 4 tenths of a penny, to highs of over $1200. In that time, we’ve seen individuals, government organizations, and large corporation warm up to the idea that bitcoin may be a form of cyber money pundits have been predicting for years.
Outside the control of any centralized institution and owned by no one party in particular, bitcoin sets the stage for something bold and new. Experts describe it as a breakthrough in computing science formulated upon decades of research. Bitcoin operates by open-source and freely accessible technology backed by the mathematics of cryptography, to create a universal ledger of information.
Bitcoin is poised to disrupt an entire swath of industries, holding promises of disruptive, even chaotic scenarios that will endure in the coming years. More swiftly than ever, this transformation will elicit massive changes on the way we work, play, and live.
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