Bitcoin Economics

Galaxy Crypto Consulting begins by educating users, learners and enthusiasts understand Bitcoin: The rise of the digital asset, the struggles the currency faced, and how it gave rise to different crypto currencies.

In 2008 with the world at the peak of the global Financial Crisis, Satoshi Nakamoto released the whitepaper of a new digital asset known as Bitcoin. During this time, uncertainty was spreading through every financial market in the world. The new digital asset had disruptive solutions that could become an alternative currency with an unlimited amount of potential.

With 21 MILLION BITCOINS to ever exist and over 18 million currently in circulation (July, 2020), Bitcoin provides users the ability to choose between transparency and privacy, allowing the community to get involved in the verification process known as Proof-of-Work Algorithm.

Some of the many positives of Bitcoin are the immutability of the technology that stores the transactions known as the Blockchain. Additional privacy features allow users to remain public or anonymous, resolves the double-spending problem, and allows users to transact at any given time and at any given location with a public key to bind the transaction, without any flaw of counterfeiting. With this structure the Blockchain does not sleep.

Bitcoin’s inception and success, paved the way for other members of the world community to use its own whitepaper to build other applications that resolve other dated issues in various sectors through their own goals and visions. Examples of emerging coins and platforms are: Ethereum, Cardano, Zcash, TRON, and many other Crypto tokens and coins.