What is Crypto
Crypto is a digital asset class that lives on the internet. Powered by Blockchain.
Where did crypto come from ?
Crypto, a digital asset class, was born out of the simple idea that money should be free form government and financial institutions that have historically controlled it for a very long time. An anonymous person or group by the name of Satoshi Nakamoto published a paper during the global financial crisis of 2008. The goal was to create a currency that operated outside of traditional financial systems. Bitcoin was born. After Satoshi disappeared, millions of people worldwide helped build bitcoin into a vast network multi-billion dollar network opened to all and owned by no single person or entity.
Why is Bitcoin so important
Digital Scarcity. Bitcoin’s core code indicates only 21 million bitcoin will ever be created. Like Gold, Bitcoin is a scarce asset, short in supply, hard to create as time progresses. In the 10 years that it has been operational, no one has found a way to cheat the system by spending bitcoins that they didn’t own. No one can attempt to forge it because of the revolutionary technology that backs it, the blockchain. Time is a very powerful factor in Bitcoin. The network's value grows exponentially as time progresses. Why is bitcoin so important? It's the first time in history that a scarce digital asset could be exchanged without the backing of a financial institution like a bank, eliminating the need for a trusted middlemen, the institutions.
Beyond Bitcoin, The crypto economy
A deeper look reveals a revolutionary new way for humans to trust and collaborate with each other over a shared network — money (bitcoin) is simply the very first application. The Bitcoin blockchain was built to keep track of bitcoin transactions, moving forward, blockchain technology can be used to transact anything of value on the internet. Wether it is your house, private data, company shares or ownership rights to arts. Anything and everything will have a digital value on the blockchain in the coming years. This is the internet of value.
Our goal at Coldstorm is to educate as many people as possible on the innovation of digital assets and how it will benefit the world. It is by far the best development of the century. Pushing our planet to pursue a fair and open financial system that doesn't discriminate against anyone.