Did you know that Bitcoin had a market cap of $129,670,386,568? Or that there are over 1,600 forms of cryptocurrency overall? We’re willing to bet that you didn’t quite realize the state of the industry. It’s not surprising, considering that it was only recently that people even heard the term cryptocurrency.
So if the facts listed above came as something of a surprise to you, don’t feel bad. Most people have heard of Bitcoin, but mainly in terms of its market value. And if you listen to the reports in the media about how it could lose all its value overnight, it might be easy to forget that there’s a lot of interest in Bitcoin.
It’s not some fly-by-night operation that will up its stakes and take off. Incidentally, because it’s a public blockchain, there’s not much chance of any one party being able to close it down. Even if half the current members of the chain decided to call it quits, it could still function.
Anyway, there’s a lot more to blockchain tech than most people realize. With that in mind, we’ve got a treat in store for you—the infographic that we’ve published below this post will give you a thorough rundown of everything you need to know about Bitcoin and blockchain technology.
It was created by the editors at bitcoinfy.net after they fielded a number of questions about the crypto industry in general. They realized there was a real shortfall when it came to simple, easy-to-digest information about it. Most people had heard of the concepts before, but they didn’t fully understand them. As a result, the editors decided to come up with a simple guide.
They put it together as an infographic to ensure that it would take no more than a few minutes to read. So everyone, from the time-crunched exec to the rushed-off-her-feet mom of four, can now get a basic idea of the key concepts related to the crypto industry. It’s just enough information to give you a working understanding and whet your appetite for more.