Ivan on Tech Academy provides latest insights and reports about the blockchain industry.
During the past week, there has been a lot of talk about a recent mysterious Bitcoin transaction of nearly 70,000 Bitcoins. As the Bitcoin price currently hovers around $16,000, that means that this single transaction was worth over one billion dollars. What’s more, the Bitcoin wallet behind this massive transaction supposedly had ties to Silk Road, the infamous digital black market platform closed down back in 2013.
As such, Silk Road has suddenly gotten the news again roughly seven years after it was closed down, due to this massive Bitcoin transaction. Therefore, let’s take a closer look at the story of Silk Road, its creator Ross Ulbricht, and the billion-dollar Bitcoin transfer from the Bitcoin address 1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx that recently took place.
This story showcases both the technical capabilities of Bitcoin transactions, as well as a fascinating look at the story of Silk Road. Learn all there is to know about Silk Road, Ross...