Cathie Wood is possibly the best-known advocate for innovative and disruptive technology. The blockchain and Web3 as a tech epitomize these qualities in abundance.
In an April statement, she declared ARK Invest’s prediction for the future of Blockchain development and application. She compiled 3 main segments:
A – The Money Revolution – Bitcoin.
B – Financial Revolution – DeFi – Ethereum and Logarithmic Finance.
C – The Internet Revolution – Web3 – The Cosmos Hub.
A – The Money Revolution (BTC)
Bitcoin needs no introduction. A global decentralized, peer-to-peer database for value transfers.
Satoshi Nakamoto (the creator’s pseudonym) created the perfect asset to change money forever, under the most perfect circumstances. Using a pseudonym to deploy the very first blockchain and cryptocurrency meant there was a distinct intention from the creator not to give Bitcoin an identity. This feeds into the decentralized revolution that BTC then went on to foster.
The pseudonym underlines the concept that BTC as a currency is for everyone and could have been created by anyone. These two points are central to the definition of Bitcoin and, as Jack Dorsey (founder of Twitter and Square) says, makes Bitcoin tangible.
No more than 21 million Bitcoin will ever be in circulation. Furthermore, the mining process and algorithms to solve become incrementally more difficult to fulfil the more BTC is mined.
Satoshi Nakamoto’s wallet is heralded to have roughly 1 million BTC inside it as well, which hasn’t moved since the conception and founding of Bitcoin.
Continue reading: https://www.alphr.com/the-abcs-of-blockchain-and-web3/
In an April statement, she declared ARK Invest’s prediction for the future of Blockchain development and application. She compiled 3 main segments:
A – The Money Revolution – Bitcoin.
B – Financial Revolution – DeFi – Ethereum and Logarithmic Finance.
C – The Internet Revolution – Web3 – The Cosmos Hub.
A – The Money Revolution (BTC)
Bitcoin needs no introduction. A global decentralized, peer-to-peer database for value transfers.
Satoshi Nakamoto (the creator’s pseudonym) created the perfect asset to change money forever, under the most perfect circumstances. Using a pseudonym to deploy the very first blockchain and cryptocurrency meant there was a distinct intention from the creator not to give Bitcoin an identity. This feeds into the decentralized revolution that BTC then went on to foster.
The pseudonym underlines the concept that BTC as a currency is for everyone and could have been created by anyone. These two points are central to the definition of Bitcoin and, as Jack Dorsey (founder of Twitter and Square) says, makes Bitcoin tangible.
No more than 21 million Bitcoin will ever be in circulation. Furthermore, the mining process and algorithms to solve become incrementally more difficult to fulfil the more BTC is mined.
Satoshi Nakamoto’s wallet is heralded to have roughly 1 million BTC inside it as well, which hasn’t moved since the conception and founding of Bitcoin.
Continue reading: https://www.alphr.com/the-abcs-of-blockchain-and-web3/
