Unpacking the buzz about crypto’s
At Wonder we’re curious. And we’re future-focused. So naturally we’re interested in unpacking the buzz about crypto’s. Crypto currency looks set to underpin several paradigm shifts across global industries from banking too retail. Conveniently our new client, David Farelo from Currency Hub, is a crypto currency specialist. We asked him for 5 things you might not know about it:
- Did you know that you can get a loan by using smart contracts, cutting out the intermediary such as your Bank, in less than 10 minutes and at a fraction of the cost. This is know as DeFi, Decentralised Finance which uses Blockchain technology to process and validate the loan
- Ethereum is the world’s 2nd largest Cryptocurrency by market cap, a blockchain technology which is rapidly being used to build a new financial infrastructure
- Tesla owns 48,000 Bitcoin valued at $2.6bn.
- You can buy a fraction of a Bitcoin. You can own as little as 0.00000001 (also known as 1 satoshi).
- There will only ever be 21 million Bitcoins in circulation. The last Bitcoin to be mined will be around the year 2140.