Understanding Bitcoin (Part I/II): The technology behind the digital currency

Article by Tilman Deißinger, Sebastian Kuhnert and Jan Mooren

Bitcoin, the world's first cryptocurrency, came onto the market almost 16 years ago. Since then, the rise of Bitcoin has resembled an unprecedented development. The first breakthrough of the 100,000 dollar mark in the Bitcoin price at the beginning of December symbolizes more than just a price increase ¬ it stands for a fundamental change in the decentralized financial architecture and the increasing acceptance of cryptocurrencies in the mainstream financial sector.