Ivan on Tech Academy provides latest insights and reports about the blockchain industry.
In the years following its inception back in 2009, Bitcoin was regarded as somewhat of a - however undeserved - poster-boy for cybercrime and illegal activity. Over the past decade, if you asked anyone in the street what they thought about Bitcoin, the small minority that had even heard of it would likely have told you that it’s either a scam, a Ponzi scheme, or only used for illegal purposes. However, this erroneous view is quickly changing.
Little would those calling Bitcoin a scam know that a decade later, the revolutionary power of the blockchain would immerse across the entire financial landscape, changing how we view money and how we transact forever. Now, Bitcoin and the wider cryptocurrency sector is much more recognized than it was just a few years ago. Moreover, the introduction of CBDCs shows cryptocurrencies are just the latest of a growing number of different types of currencies.
However, seeing how massively the cryptocurrency space has changed over the past ten...