THE WHAT & WHY OF BITCOIN

Bitcoin (BTC) was invented by a pseudonymous individual or group named Satoshi Nakamoto in 2008 and is the world’s first enduring cryptocurrency that succeeded where decades of digital cash experiments failed.

Bitcoin’s monetary policy is enforced through a unique blend of software, cryptography and financial incentives rather than the whim of trusted third parties. The Bitcoin network is powered by a cryptographically secure, verifiable database called the blockchain — itself a technological phenomenon.

The Bitcoin ecosystem consists of a global network of stakeholders, including the miners that secure the network and drive the issuance of the Bitcoin currency, the traders who speculate on this radically market-driven asset, and the builders working to onboard people to the cryptocurrency paradigm.

At Cryptoplanetry, we are chronicling the ongoing story of Bitcoin and the rise of a borderless, permissionless financial system. What has changed since Satoshi wrote the Bitcoin white paper? How is Bitcoin trading developing over the years, what are the best ways of investing in Bitcoin, and how do Bitcoin futures influence blockchain adoption? How will industry stakeholders work to make Bitcoin a mainstay in people’s lives, and will incumbent and legacy systems accept or fight this change?

Stay tuned.

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WHAT IS A METAVERSE? The Metaverse is a current slang majorly in the worlds of tech, business, and finance, and like all buzzwords , its definition is rarely defined , and shaped by the ambitions of the people using it. Neal Stephenson originally discovered the phrase in his 1992 novel Snow Crash to describe a virtual world in wide use in his imagined future, a 21st-century dystopia. In “ the novel” , the metaverse is a virtual-reality world represented as a planet-encircling market where virtual real estate can be bought and sold and where VR goggle-wearing users inhabit 3D avatars whose form they have the freedom to choose. These three elements — a VR interface, digital ownership, and avatars — Current theories of the metaverse still include them prominently. But none of them is essential to the concept . In its broadest sense, the metaverse is a graphically rich virtual arena with a degree of realism in which people can work, play, shop, socialize ...

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