Daniele Bernardi

The Genesis of Crypto Assets Daniele Bernardi

The purpose of this e-book is to introduce the fascinating world of cryptocurrencies to those who are familiar with them, though not at a technical or investor level. Our intention is not to create an exhaustive document, let alone a perfect one, as highly technical topics often require simplification to the detriment of precision. We are speaking, in fact, of a very young topic and technology. Like a 10-year old child, crypto is still unripe and premature. It clearly requires a period of growth and refinement to broaden its scale. To give an overused yet reliable example, ten years after the birth of the internet, connecting to it still required a modem (think back to 14.4 kbps!) that needed activation using a traditional phone line attached to a computer. The computer enabled the modem to emit crackling sounds before finally connecting to the network. Those who lived through the early 90s surely remember the difficulties of connecting to the internet, along with the time required to load a simple webpage. Today, most of us have smartphones that almost always automatically connect to a network, providing us with access to the world of information and applications in a very user-friendly and instant way. However, cryptocurrencies haven't reached that level of sophisticated simplicity. If I want to buy crypto today, I need to understand public and private keys, register a seed phrase, learn to use two-factor authentication, and be proficient with a crypto trading platform. In short, investing in cryptocurrencies is currently anything but simple. Yet, more and more people in the world are entering this system, both in hopes to earn as well as owing to belief in the technology. Reading this little e-book will better your understanding of the crypto phenomenon and can serve to substantiate your future investment decisions.