When Satoshi Nakamoto published Bitcoin’s (BTC) whitepaper in 2008, the overarching goal was to create a new currency system. Although we’ve not reached a point where a singular, decentralized system is commonplace, this early idea is reshaping our current financial world.
Although the innovations may not be as dramatic or decentralized as some would hope, the way we process transactions is changing. Thanks to major institutions embracing blockchains, a symbiosis has occurred over the last five years. As traditional banking systems gradually merge with new technology, new ideas are forming, giving rise to a decentralized financial world.
The History of Blockchains and the Financial Industry
We can trace the…