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A General Introduction: Cryptocurrencies

By Marc Georgijewitsch

This week we celebrated an important birthday, that gives the perfect starting point for our weekly column. On the 31st October 2008, the mysterious Satoshi Nakamoto publishes the paper Bitcoin: A Peer-to-Peer Electronic Cash System, laying the foundation for the development that we all know under the general term “Cryptocurrency”.

Although many people will have heard of Bitcoin, especially after the insane price surge of late 2017, not many know what a cryptocurrency actually is, and even less will know how to explain them. Lets see, if you are smarter after this article.