A brief history of bitcoin – and where it’s going next

Mar29

by Sindy Cator on March 29, 2015 at 9:00 am

Posted In: Around the Web, bitcoin, Insider, Roundups

Nathan Jessop is an analyst at Elliptic, a full-service Bitcoin custodian for investment funds and trading houses. Since 2008, bitcoin adoption has been influenced by a diverse range of factors that have made it one of the most volatile currencies in the world. Yet, despite such volatility, more than 100,000 bitcoin transactions are taking place per day and the volume continues to grow due to the ‘permissionless innovation’ provided by bitcoin’s underlying technology, the blockchain. As the blockchain matures, bitcoin will increasingly resemble traditional financial services, with functions such as retail banking (Circle), exchanges (Coinbase) and payment processors (bitnet) being created.…