In part two of this blog, we will explore the parallels between the technologies in capitals and start-ups, in the decentralization of the blockchain as the main aspect that will revolutionize the Internet and in education. To read up on the first blog post, please follow this link.submitted by BlockDotCo to u/BlockDotCo [link] [comments]
Initial Start-Ups and Capitals
For more than 20 years the Internet was narrowed down to the usage of a few tech-savvy that knew how to navigate it. It’s only in 1993-94 that it became mainstream when Marc Andreessen created the Mosaic) browser while studying at the National Center for Supercomputing Applications (NCSA) and brought the Internet to the general public allowing them to navigate the web comfortably with a positive user-friendly experience.
For the first time, users could establish an active presence over the internet by loading their own documents, photos, sounds, video clips, and hypertext “links” to other documents. Navigation of the internet started to have meaning. Later on, Marc Andreessen was on the team that created Netscape, the Internet browser that reached 38 million users in eighteen months and IPO’d in record time, breaking records as far as company growth while becoming the first dot-com company. Silicon Valley and Wall Street jumped on the rapid success of Netscape and started the “Internet Big bang” with a new wave of tech startups trying to follow a similar path.
In the blockchain world, Bitcoin (2008) was the first application of the technology, the most disruptive, and its first wave of users, just like in the first internet era, was also more on the technical savvy side. Despite the significant injection of capital into the blockchain space, we have not had yet a killer app or project that could compare to Mosaic or Netscape.
If blockchain is a synonym of decentralization, so far the unicorns in the space are centralized companies with traditional business models like Coinbase, Binance which are centralized exchanges, and Bitmain, a privately owned company headquartered in Beijing, China that specializes in the design of application-specific integrated circuit chips for bitcoin mining. This is why we still believe to be in the early stages of blockchain technological cycle similar to 1994 during the Internet Revolution, expecting more market cycles to happen in the upcoming years.
A look at the market capitalization of the two technologies highlights a notable difference: according to CBInsights, in the 1990s venture capitals injected in Internet startups were around $35.6 billion while so far we’ve seen no more than $6 billion flowing into the blockchain space. The good news is that the trend is moving up and the potential is to reach $10 trillion between Bitcoin and other cryptocurrencies combined.
Some Venture Capitals, like Node Capital, smelled early the potential of the tech and made their first investments in the industry in 2011. In 2018, there were more than 200 venture investments in blockchain and cryptocurrency companies, more than in all of 2011-2015 combined.
Digital Currency Group is one of the major investors in the space and has been extremely influential in blockchain since 2013. They started off with an investment of less than a million US dollars, in crypto payment processor BitPay. Since then they have invested close to $100 million in dozens of blockchain and cryptocurrency startups including Coinbase and Ripple.
For more info, contact Block.co directly or email at [email protected].
Tel +357 70007828
Get the latest from Block.co, like and follow us on social media:
Dec 2, 2019 - Explore samiee babak's board "Cypto" on Pinterest. See more ideas about Bitcoin cryptocurrency, Bitcoin business, Bitcoin. Royalty-free stock photo ID: 1066582802. Apple iPhone and Binance logo and bitcoin, ethereum and dollars. Binance is a cryptocurrency exchange. Ekaterinburg, Russia - April 11, 2018 Trade over 40 cryptocurrencies and enjoy the lowest trading fees in America. Binance announced Monday the official launch of its mining pool service. In an announcement post, the company said that its initial offering would focus on bitcoin using Full Pay-Per-Share, or ... Find Binance Finance Exchange Market Crypto Currency stock images in HD and millions of other royalty-free stock photos, illustrations and vectors in the Shutterstock collection. Thousands of new, high-quality pictures added every day. Oct 18, 2019 - Explore Mikiguru's board "Blockchains", followed by 1286 people on Pinterest. See more ideas about Bitcoin mining, What is bitcoin mining, Cryptocurrency. Mining Bitcoin is hard work, and expensive to get going. It takes dedication and knowledge, and although it is rewarding, and profitable, depending on the price of Bitcoin, it’s not for everyone. Even if mining Bitcoin isn’t profitable there’s a way you can profit from mining without even mining. Sounds mad? Let me explain. #bitcoin #btc #bitcoinmining #mining #arbitrage #makemoney # ...
[index]          
Binance CEO Zhao: In this AMA we are discussing BTC price and talking about Bitcoin price prediction. Also, we prepared an airdrop of 10 000 BTC to giveaway for our followers. Binance & BNB coin ... My Second Channel: https://www.youtube.com/channel/UCvXjP6h0_4CSBPVgHqfO-UA -----... My Second Channel: https://www.youtube.com/channel/UCvXjP6h0_4CSBPVgHqfO-UA ----- Supp... Off The Chain #238: PlanB on Why Bitcoin’s Stock-To-Flow Model Is Becoming More Accurate Over Time - Duration: 1:05:59. Anthony Pompliano 41,748 views 1:05:59 Live Bitcoin Liquidation Watch: May 22 2020 IntroToCryptos 166 watching Live now Vechain(VET) partners with WeChat for Digital Carbon Ecosystem - Duration: 6:07. Interview: CZ Binance CEO - CoinMarketCap Acquisition, Bitcoin Mining Pool, Binance Card, Ripple ODL - Duration: 37:14. Thinking Crypto 4,622 views. 37:14. $100 A Day Trading On Binance ... Support Me On Patreon! https://www.patreon.com/TheModernInvestor ----- Protect And Sto... Follow Altcoin Daily: https://www.youtube.com/channel/UCbLhGKVY-bJPcawebgtNfbw/videos Protect your crypto with a Ledger - the world’s best hardware wallet: h... My Second Channel: https://www.youtube.com/channel/UCvXjP6h0_4CSBPVgHqfO-UA ----- Supp... Forex Trading, Bitcoin Mining, And Cryptocurrency Will NOT Make You Rich If You Don't Have A Lot Of Money. What Will Make You Rich? Click Here To Sign Up For...