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The Origin of Cryptocurrencies

In the late 1990s, the word “Internet” appeared frequently in the media, but it still generated mistrust. It took more than 10 years for the market to stabilize (more or less) and we assumed the reality, advantages and disadvantages of digital media.

Now the similar is happening at probably 10 times faster speed when it comes to cryptocurrencies. We are witnessing a key moment in the digital revolution, only comparable to the change that the Internet brought to communication, information and economic development, but much faster. Whoever was not present at the birth, bubble, pinch and revolution of digital media, now has a new opportunity.

When in October 2008 a mysterious character (or characters) named Satoshi Nakamoto presented the idea of an open, public but at the same time secure system that allowed recording economic transactions (the so-called “blockchain”), we do not know if he imagined the consequences. Bitcoin is today the main cryptocurrency although there are hundreds of them , with a total capitalization of more than 538,000 million dollars at the time of writing this article.