Bitcoin is dead, Long live Bitcoin | by Gabriele | Coinmonks | Apr, 2022 | Medium

Since Satoshi published the Bitcoin paper, a long time has passed and so many things have happened.

But let’s start from afar, initially, cryptocurrencies were related to technology lovers like us, people who loved the code and the idea of ​​disconnecting from a traditional system.

A more complex system to explain than Bitcoin, because Ethereum proposes itself as a world computer.

The problem, as often happens with technology and institutions, is that institutions were not / are not yet ready for this technology and to talk about it technically and profoundly.

In the meantime, the VCs have also arrived, with their large capital have begun to finance large projects within the crypto/blockchain space.

Bitcoin, like many other Layer 1s, suffers from some technical limitations for mass adoption, the community is working on projects identified as layer 2.

However, cryptocurrencies are today a technological phenomenon, they have completely overwhelmed the world and have already partially changed it in some aspects.

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