After rising to unprecedented heights in 2017, Bitcoin value suffered a dramatic free fall in 2018 — as did many other digital currencies. Accompanying the crash were new waves of criticism and plenty of cases of chicanery. Markets ebb and flow, and like everything else, crypto is subject to the tides. At the dawn of 2019, what remains shiny and solid amidst all the wreckage is the fundamental crypto-enabling technology: blockchain.
Transient value in tokens may shift — but blockchain remains undiminished. More than ever, decentralized technology is poised to challenge the supremacy of powerful institutions parading as society’s guardians of trust, exchange, and commerce. After all, Bitcoin was created soon after the 2008 financial collapse, when trust in our government and financial systems were at an all-time low.