Bitcoin Foundations
A Bitcoin Education Guide for Beginners
How Bitcoin Is Changing The Financial Landscape
Bitcoin is a technology that allows for the secure transfer of value in the digital space without a third party. Up until 2009, we had to use the banking network to perform digital transactions of currency. This came with counterparty risk.
Counterparty risk refers to the risk of other parties involved in a financial system who may fail to fulfil their obligations. The central bank must be trusted not to debase the currency. Banks must also be trusted to hold our money and transfer it electronically despite lending it out in waves of credit bubbles with barely a fraction in reserve.
Bitcoin was created by an unknown individual or group of individuals using the pseudonym “Satoshi Nakamoto” in the wake of the Global Financial Crisis to provide an alternative. A means to make digital transactions without the need for government-issued currency or centralised systems such as banks. A truly decentralised peer-to-peer network, without counterparty risk, that has the potential to disrupt the global financial system.
What is Bitcoin Foundations?
A simpler Approach to a new Technology
If you’re struggling to understand Bitcoin, you’re not alone. Even some of the earliest Bitcoin developers had this difficulty. Everyone does in the first instance. This is because Bitcoin spans multiple disciplines from economics to computer science and stands alone in its own new asset class.
There is an amazing wealth of knowledge by some truly incredible people in the space to be found online. A body of work so large that it can take years to process. This website is not a substitute, but rather a way to introduce the topics required to understand how Bitcoin fits in our world.
These specially designed short articles cover the four essential foundational topics focused on providing the tools for beginners to empower this revolutionary technology.
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Bitcoin Halving
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