14 years since the White Paper: Can Bitcoin continue to grow?

14 years since the White Paper: Can Bitcoin continue to grow?

Exactly fourteen years after Satoshi Nakamoto published the famous Bitcoin white paper Slowing.

In June 2011, Bitcoin reached 25,000 Clear item of items active every day. By February 2015 there were 250,000. Bitcoin moved most of the year 2017 over 600,000 clear daily addresses - and had 668,000 clear addresses by the end of February 2022.

The number of bitcoins that were not spent last year achieved an all -time high in September with 12.5 million bitcoins or 65 % of the total circulating offer, according to the crypto analysis company Glassnode. So investors can consider Bitcoin as digital gold that, despite a restrictive fed or retailer, retains its value

Nevertheless, the total number of Bitcoin addresses continues to grow and, according to Bitcoin Evolution, exceeds a billion Glassnode .

Bitcoin boome with big tech

bitcoin-which is often traded like a Tech-share -had an acceptance rate that was only Tech shares was exceeded. Facebook reinforced user to 200 in two years. Twitter developed at a similar pace from 200,000 200 million active users in four years.

The growth curve of Twitter has slowed down from 330 million active users per month in recent years 2017 Mio 2022 .

In the same period, Facebook grew out of 2,1 billion to after the same metric.

"The more people saw Bitcoin as an Alternative to gold or other basic money, the more likely it became that other people would think in the same way. If finally, the central banks believe in it, and then it is real," said Greg di Prisco, partner in the blockchain venture fund Distributed Capital Partners, in a telegram message.

Bitcoin after the fusion

The white paper made Proof-of-Work popular, Satoshi's blockchain-validation mechanism, the miner around the world prompted fill with gpu-rigs .

With the successful fusion of Ethereum on the more energy-efficient Proof-of-Stake, the up-and-coming crypto star left the Proof-of-Work behind-although Satoshis WhitePaper was the key to its development.

"If there was no proof-of-work, we would not have landed at the Proof-of-Stake," said Harsh Rajat, founder of the Ethereum Native Push protocol.

Ethereum implemented with his army of developers a Multi-level timetable seems to have conquered a lot from CryptoS imagination-and has steadily done it won to the market share of Bitcoin since at least 2020.

By making the Ethereum blockchain much more energy-efficient, the fusion created "Long-term existential risks for Bitcoin," Imran Khan, main employee of Alliance Dao, told Blockworks by Telegram.

not to be exceeded, Bitcoins hash-rate has actually increased since the merger.