Bitcoin: An In-Depth Exploration of a Financial Revolution
Bitcoin: An In-Depth Exploration of a Financial Revolution In the vast and complex history of money, few moments are as revolutionary as the creation of Bitcoin. Born out of the ashes of the 2008 financial crisis, a period that exposed deep flaws in the traditional banking system and eroded public trust in centralized financial institutions, Bitcoin proposed a radical new form of money—one that was digital, decentralized, and entirely independent of any government or bank. 1 What began as a technical curiosity has since evolved into a global financial force, sparking an entirely new industry and forcing us to reconsider our fundamental understanding of currency, trust, and value. The Genesis: The Solution to the Double-Spending Problem For decades, cryptographers had attempted to create a form of digital cash, but all failed to solve a crucial technical hurdle: the double-spending problem . In a digital world, a file can be easily duplicated. How could you prevent someone from spendin...