Hugo décrypte, a youtuber specialising in information, visited a Bitcoin mine in Iceland in 2017. He shows us images of the servers responsible for mining Bitcoins and explains how crypto-currencies work in general. In this video, you can learn the difference between a cryptocurrency and fiat money, i.e. money linked to coins and banknotes.
The young journalist looks back at the origins and history of crypto-currencies since their inception. He also explains how to obtain or mine Bitcoins, as well as the laws of the market and the advantages and disadvantages of Bitcoin and Altcoins.
Hugo Décrypte also explains how these currencies are regulated and made secure by blockchain technology, which is seen as a “revolution in the economy”. Why has blockchain revolutionised the economic world? How does blockchain regulate cryptocurrency transactions? This video will answer all the questions a virtual currency novice might have.
In 2017, cryptocurrencies still had an unstable place in the economic world and were mainly used as speculative tools. Today, these virtual currencies tend to have a safe-haven position, as in Venezuela for example. It’s interesting to see how attitudes are changing, especially on a subject as voluble as cryptocurrencies. Taking a step back, we can say that the future of cryptocurrencies remains to be built and that in 2025, their status will still have changed enormously.
