Bitcoin Trailblazers — The Pioneers of Cryptocurrency

Denisa Paslaru
Oct 17 · 4 min read

Halloween Day, 2008 — Launching the First Block From the Blockchain

The Financial Crisis wasn’t yet over when people began to look for alternative currencies. Centralized financial systems were not to be trusted. This was the socio-economic stage the Bitcoin made its first entrance. Satoshi Nakamoto was offering a safety net to life savings. He was offering trust.

On October 31st, 2008, “Bitcoin: A Peer-to-Peer Electronic Cash System” was posted to a cryptography mailing list, published under the name “Satoshi Nakamoto”. The whitepaper outlined the foundation of how Bitcoin would operate.” (source)

The Bitcoin Whitepaper was issued on October 31st, 2008, marking the birthdate of the cryptocurrency phenomenon that took the world by storm during the past 11 years. Coincidence or not, on Halloween, the biggest scare for the traditional financial markets was born. After Satoshi disappeared, many others followed.

Bitcoin Trailblazers — The Pioneers of Digital Change

Vitalik Buterin

The 25-year-old Russian-Canadian programmer is the creator of Ethereum and co-founder of the Bitcoin Magazine. Considered a prodigy in the industry, he understood from an early age the potential digital currencies will have. Also, he looked at what was existing and developed Ethereum as a platform on which to develop new cryptocurrencies and programs that aim to share a single blockchain structure, thus facilitating an organic project growth.

He stated that in order for Bitcoin to know an increased evolution passed the Satoshi era, it needed a platform on which to be able to effortlessly create new iterations of the digital coinage, but with more ease than it was done before. His interest in bitcoin and associated technologies got even more focused when he co-founded Bitcoin Magazine, an online publication talking all-things cryptocurrencies, becoming a point of reference in the industry.

Andreas Antonopoulos

If you think about how relatively new the field of blockchain technology is, you can’t stop and wonder at the large amount of content and expertise Andreas has amassed in this 10–11 year period. His own website dubbs him as having “than 300 videos, talks, interview about open blockchain technology”, “Lead host on Let’s Talk Bitcoin, a syndicated talk show focused on Bitcoin and crypto-currencies”.

He is often taking both Bitcoin and blockchain technology’s side, advocating for the gains of its applicability and justifying its recent downfall. The image he paints towards Bitcoin’s evolution and constant change is one of an element that will continue to disrupt the financial industry, leading towards a more connected and decentralized society, handling opportunities even for those that cannot afford traditional finance institutions.

Roger Ver

“In 2011 Roger heard about Bitcoin for the first time.” He was among the early investors in bitcoin and bitcoin-related startups, foreseeing the impact this new technology would have on the socio-economic market at the rise of the digital revolution. Having so much faith in cryptocurrencies established him as one of the most important evangelists, promoting their adoption and use.

He is actively involved in building more and more connections between blockchain technology and Bitcoin cash, as the new type of currency is still using the old types of platforms; also working to create more cohesive developer teams in order to be able to expand and grow this new area.

What Does the Future Hold for Cryptocurrencies?

With many coins and altcoins to choose from, and keep under surveillance, ranging from Bitcoin itself, going through Facebook’s Libra and beyond, industry specialists point out that digital coins and their subsequent technologies can be used to reduce poverty, democratize the use of energy, encourage better content creation and consumption, and much more.

The future is here to stay and emerging technologies like blockchain and the cryptocurrencies built upon them can have the power to transform the world we live in by contributing to incremental changes within the industries they begin to revolutionize, as well as the new trading system they can inspire.


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About Swazm

SWAZM is the next-generation decentralized storage and compute platform, designed to enable horizontal scaling of distributed applications. SWAZM facilitates effective decentralization by creating a new complete infrastructure solution with a reliable transfer network, storage capabilities, and compute containers. Tailored solutions aiming to improve your decentralized project.

Denisa Paslaru

Written by

Junior Copywriter at SWAZM

SWAZM

SWAZM

SWAZM is the Next-Generation Decentralized Storage and Computing Platform.

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