Here at NewsBTC we believe that education and knowledge is fundamental to the wider adoption of cryptocurrencies and growth of the blockchain industry. We will be expanding our education section by delving deeper into some of the machinations and technology behind the blocks. Our weekly articles aim to provide a greater understanding of how things work in the crypto ecosystem.
In the first year of Bitcoin’s existence there were no exchanges to change fiat into Bitcoin and vice versa. This essential requirement was addressed by Jed McCaleb who turned his domain name mtgox.com into the first Bitcoin exchange called Mt. Gox.