Infographic: Bitcoin Whitepaper Simply Explained

Written by Islam Rostom, illustrated by Nada Wagih — September 20th, 2018

Bitcoin as a concept was introduced to the world in 2008 and was released as a cryptocurrency in the beginnings of 2009 and right now after nearly a decade, it is still the highest rated cryptocurrency.

But if you put Bitcoin as a cryptocurrency aside for a moment and looked at how it works, you will realize it was an ingenious idea that later was the start of an evolution in blockchain technology and cryptocurrencies.

That said, today at nearly late 2018 if you ask anyone how to get started in blockchain technology and cryptocurrencies, whether you want to be a blockchain developer or you are just a geek who wants to understand how they work, they will tell you to read the Bitcoin whitepaper.

That’s why we at Elkrem, made an infographic for the bitcoin whitepaper with the required knowledge included, keeping in mind that reading white papers is not for everyone and it can be frustrating for some people to follow the white paper or to read 3 blog posts about the Bitcoin whitepaper when they just want a kickstart, so we did our best to keep it simple while also being informative.