Cryptocurrency – just hearing the name – can spark discussion topics on how innovative and controversial it is. However, nowadays, there seems to be a consensus that blockchain – the technological backbone of every form of cryptocurrency – is the former. The latter part of the discussion comes from the fact that cryptocurrency is still new, and needs more improvement, before it can actually be considered a wildly-accepted type of commercial (public) currency.

On the bright side, companies like Google and Goldman Sachs have already started to invest in various blockchain firms. And, it’s expected that sometime in the future, more big-name companies will follow suit, if cryptocurrency succeeds. Therefore, data centers and cloud hosting services must be ready to serve these new blockchain-based companies, as well as their needs, in the coming years.

So, you may be wondering: How did we get here? 

How Did It Start?

Modern blockchain started in 2008 with Bitcoin, which is a peer-to-peer Electronic Cash System. This white paper was a form of cryptocurrency that could live on a distributed network without any centralized authority; and blockchain is the technical backbone of that system, or a distributed digital ledger or database for it. No central authority will be able to manipulate the blockchain, since the whole network contributes to its creation and maintenance.

How It Works

In blockchain, two parties will make a transaction, to which they advertise it to the network. Then, various network nodes pick up multiple transactions, and arrange them into blocks. Afterwards, miners will use computers to add this block to the ledger (or blockchain).

Now, in order to add these blocks to the blockchain, the task requires a lot of computing power. Why? Because each of these blocks come with a sort of attached mathematical puzzle. And, to solve these puzzles, they need computing resources. But don’t worry: these puzzles are what miners are interested in, because they’re usually rewarded with tokens, just for adding a block to the blockchain.

Before the existence of blockchain though, business transaction would’ve been made through a trusted third-party company (i.e. a bank or a government institution), in order to guarantee the integrity of a transaction between two parties. However, blockchain eliminates that need by opening up the possibility for business transactions between parties worldwide, without the need for any financial or government institutions to step in. 

What Blockchain Means For GPUs

The need for blockchain means elevated demand for graphical processing units (or GPUs). As blockchain calculates, miners will have to provide enough computing power for it. And, as cryptocurrencies and blockchain-based applications become more popular, the higher the demand for computing power. That’s where GPUs come in, since blockchain-based calculations are best performed on these units. 

Data centers and cloud-hosting services will also have to look into AMD and NVIDIA graphics cards, in order to better serve the blockchain market; however, these graphics cards can be pricey. And, they’ll have to better optimize their infrastructure to be GPU-compatible.

Concerns?

The most controversy that cryptocurrency has faced is its vulnerability to possible hacking schemes. One can argue that there are major concerns about blockchain hackers taking – or planning to take – advantage of the fact that cryptocurrency doesn’t have enough protection yet to sustain itself, in case of a security breach that can cost millions.

Concerns on cybersecurity for data centers, in that case, seems to have spawned from cryptocurrency market’s promise of immense riches and overnight successes, to where anyone – including bad actors and hackers – will create an ever-growing threat in the cyber realm.

“One example of hacking of cryptocurrency was in January of 2018, when hackers were able to steal more than $500 million (or £380 million) worth of cryptocurrency from the Tokyo-based cryptocurrency exchange Coincheck,” adds Barnard. “Thus, that story, to this day, serves as a warning to what can happen, if cryptocurrency is unchecked. And, this story has many people concerned about whether cryptocurrency is safe to invest in or not.”

Conclusion

As you can see, data centers will have to go above and beyond to better accommodate the growing trend of cryptocurrency. And, to do so, they’ll need a good functioning digital infrastructure, to handle blockchain systems and increasing data processing demands.

This need for the right data center infrastructure is also increasing, since blockchain is expected to greatly impact the following:

• Finance
• Healthcare
• Government
• Transportation
• Manufacturing
• Medicine
• Logistics
• Other various industries 

Thus, it’s absolutely necessary for data center service providers to stay competitive, when it comes to such changes in technology, including blockchain. Ultimately, with an up-to-date infrastructure for blockchain to work on, data centers will be able to be sustainable, regardless of any changes and or developments made in the tech world for many years to come.

Author’s Bio: Katherine Rundell is a writer and editor at UK Writings and Academized. In her spare time, she likes to travel to different states, give special talks in various business training courses, read her favorite books (ranging in different genres).

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

Bitcoin has been around for 10 years. As a result, there are many people who will keep tabs on it and cheer for its modern successes. So today, we want to celebrate along with crypto fans by bringing you a fun article about the topic.

If you thought that cryptocurrency is all business, business, business – well, in actuality, crypto has also made its way into cinema. Yes, in this article, we’ll show you the 5 best movies that involve Bitcoin, crypto, and blockchain. And, the good news is, you don’t have to read really long articles that talk about crypto, when you can watch a fun movie instead!

So if you want to gain a bigger understanding on what Bitcoin is, and why it’s so important in today’s world… or if you want to educate others on why Bitcoin is NOT something out of a science fiction movie (no pun intended), then check out these 5 great movies.

Cryptopia: Bitcoin, Blockchains And The Future Of The Internet (2020)

Cryptopia is an ideal film for novice cryptocurrency people. So, if you’re a newbie in the crypto world, or want to brush up on your crypto skills, then check out this documentary. 

This film is a deep-dive into the crypto world, and it doesn’t shy away from explaining the good things about crypto, as well as the negative parts of it. Yes, crypto can be both a Godsend and a curse, depending on how you look at the narratives you’ll listen you in the documentary. In hindsight, the movie will explore the story of bitcoin, and how it has managed to evolve through the years with its ongoing promises that crypto is “the future.”

So, whether you’re a skeptic, or you want to learn more about crypto, you’ll get to see both sides of the debate – as a better alternative to regular currency in the future, or a financial disaster in the making. Either way, this documentary will answer any questions that you might have about crypto.

The Rise And Rise Of Bitcoin (2014)

Ever wondered how cryptocurrency became a thing? Then check out The Rise and Rise of Bitcoin! The film covers the stories of some of the early adopters of Bitcoin, including Gavin Andresen who was famous for communicating directly with Satoshi Nakamoto to help him create better technology. (By the way, Nakamoto is mostly famous for authoring the Bitcoin white paper, and for devising the first blockchain database.

Overall, this movie was one of the major productions to cover the main points, in regards to how Bitcoin and its assets were created to begin with.

The Second Target (2019)

The Second Target was written by Graham Holliday, and stars Athen Walton. The movie follows a group of local crypto thieves now having their eyes set on their latest target. They kidnap a detective they think is on their case, but end up kidnapping the wrong guy. To make matters worse, the son of the kidnapped man teams up with a stranger, and they plot to stop the thieves’ second heist and save the kidnapped man.

While you’ll be immersed in the action, you’ll be learning the basics of what crypto is.

Trust Machine: The Story Of Blockchain (2018)

Trust Machine understands that almost a decade has passed, since the crypto world has transformed things. Since its existence came to be, many different cryptocurrencies have been created, with a small percentage of them expected to stand the test of time after the dust settles. While some people are still skeptical about the concept of cryptocurrencies, there are some parts of the world where people actually use cryptocurrencies as a way to buy things. However, other places have faced significant problems, as a result of exchanging goods with crypto within the industry.

Crypto (2019)

Crypto, despite its panning from critics, has garnered somewhat of a fanbase. With a stellar star cast like Alexis Bledel, Luke Hemsworth, and Jeremie Harris, it’s hard to not see this movie. And, with a thriving fanbase, this movie is not only for movie fans, but also for crypto fans. 

The story follows an anti-money laundering agent (Beau Knaff) who reunites with an old friend who’s now into mining cryptocurrency. Now, with a potato farm being on the verge of being repossessed, the two soon investigate a gallery, which may be tied into a multi-million-dollar money laundering scheme. 

It’s action-packed, and it has you cheering for the protagonists as you follow the story from beginning to end.

BONUS: Throwback Movie – Inside Job (2010)

Now, while the film doesn’t directly involve Bitcoin or blockchain, it’s a good appetizer for learning what they are. And, it’s a must-watch!

Inside Job covers the actions that made Bitcoin a household name in the first place. The movie sells the concept as a type of currency that can’t be manipulated, controlled, or corrupted by any government. 

However, the main topic of the documentary involves the late-2000s financial crisis. In 5 parts, the film will cover how changes in the policy environment and banking practices only added more fuel to the fire, rather than stop the crisis in its tracks. 

Critically acclaimed, and winning an Academy Award for Best Documentary, Inside Job will have you on the edge of your seat, as it takes you through the financial crash. All information in this documentary, as well as its controversial topic, are understandable for most audiences, regardless if you know about cryptocurrency or not. 

Conclusion

So, there you have it! That was our list of movies to check out, if you’re in the mood for learning about cryptocurrency. If you want to go down the rabbit hole about the topic, or if you’re in the mood for something different than your usual shows and movies, then head over to Netflix, online, or anywhere where movies are sold, and check out our picks on the best movies about crypto.

We hoped you enjoyed our list, and made it a movie night tonight! As you’ll see in these selected films, they’ll show you how cryptocurrency has changed people’s lives in so many ways than one, and has no plans of stopping. So, get out your popcorn, and take some good notes about crypto! 

Author Bio:

Kristin Herman is a writer and editor at Best essay writers. As a marketing writer, she blogs about the latest trends in digital marketing. In her spare time, she coaches up-and-coming marketers on how to perfect their advertising practices in the ever-evolving market.

For movie crypto movies: Crypto Movie Database

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

Welcome to the Bitcoin Billionaires list.

We will continuously update this page as more and more people join the Bitcoin club.

This page specifically focuses on billionaires who own Bitcoin.

If we missed anyone – let us know and we will add them for everyone’s reading pleasure!

Satoshi Nakamoto – Enigma continues

Country: Japan (claimed)

Net worth: $17.8 Billion

According to an analysis published in 2013, bitcoin owned by Satoshi is 1,148,800. As per the analysis, most of the first 36000 blocks were supposed to be mined by one single computer which is assumed to be Satoshi, that mined over 1.8 million BTC, which could be Satoshi. If the 1.8 million BTC mined, 1.1 Million BTC were never moved. 

If the speculations are true that this wallet, Satoshi nakamoto has a net worth of over $17.8 Billion as per today’s prices (@ $16000 per BTC).  

Paul Tudor Jones

Country: United States of America

Net worth: $5.8 Billion

Billionaire hedge fund manager Paul Tudor Jones has said that he has more faith in bitcoin than traditional currency in an interview with CNBC and also went on to say that he has 2% of his assets in Bitcoin.  

Jack Dorsey 

Country: United States of America

Net worth: $9.6 Billion

Jack Dorsey, the CEO of twitter, announced recently that his company Square has purchased $50 million worth of bitcoin (4709).

According to the Chief Financial Officer, Amrita Ahuja “We believe that bitcoin has the potential to be a more ubiquitous currency in the future,”

Why? how much?

— Selina Wang (@selinawangtv) February 5, 2019

Winklevoss twins

Country: United States of America

Net worth: $1.5 Billion

Turned down by Facebook, Winklewoss twins got into bitcoin owning 1% of whole bitcoin in circulation, according to a book called Bitcoin Billionaires by Ben Mezrich.

Winklewoss twins are also the founders of Gemini cryptocurrency exchange.

Tim Draper

Country: United States of America

Net worth: $1.2 Billion

American venture capitalist and founder of Draper Fisher Jurvetson, Timothy Cook Draper, came into the limelight when he purchased about 30000 Bitcoin in an auction of the seized bitcoin from silk road website.

Tim Draper also mentioned he has invested in quite a few other altcoins such as Bitcoin cash, Ripple, Tezos and others.

Changpeng Zhao

Country: Canada

Net worth: $2 Billion

Changpeng Zhao, well known as CZ, the founder of the world’s largest cryptocurrency exchange Binance, is supposed to have a net worth anywhere around $2 billion.

Chamath Palihapitiya

Country: United States of America

Net worth: $1 Billion

The founder of social capital, Chamath Palihapitiya, on a podcast interview with Anthony Pompliano said:

“In 2013, I bought a lot and at one point I think I had almost 5% of all the bitcoins. My basis is about 80 bucks a coin. I’ve never bought more.”

He also believes everyone should have 1% of their total assets in bitcoin and he went on to say that 1 Bitcoin could go to $1 Million.

Mark Cuban

Country: United States of America

Net worth: $4.3 Billion

Billionaire investor and television personality, Mark Cuban, has a net worth around 4.3 Billion and has not been a fan of Bitcoin so far. He only owns $130 worth bitcoin.

Cuban on a podcast with Anthony Pompliano said, “bitcoin still needs to be converted to spend and as long as you have to convert it, you are dependent on fiat currency”

Stanley Druckenmiller

Country: United States of America

Net worth: $4.4 Billion

American Hedge fund manager and billionaire investor Stanley Druckenmiller, says he sees bitcoin as an asset class which could be a good store of value. 

He further said on an interview with CNBC that, “he owns way more gold than bitcoin.” 

Billionaire investor Stan Druckenmiller says he owns #Bitcoinpic.twitter.com/onWDUqtQVs

— Blockfolio (@blockfolio) November 9, 2020

Brian Armstrong 

Country: United States of America

Net worth: $1 Billion

Brian Armstrong, the chief executive officer of Coinbase, one of the largest cryptocurrency exchanges in the US, is one of the billionaire’s who owns bitcoin. How many? We do not know. 

Micree Zhan 

Country: China

Net worth: $3.2 Billion

Micree Zhan, the co-founder and Co CEO of the world’s largest computer chip company for cryptocurrency mining, Bitmain. In a Hurun report in 2018, Micree was named the richest cryptocurrency billionaire in the world.

Jihan Wu 

Country: China

Net worth: $1.8 Billion

One of the other co-founders of bitmain along with Micree Zhan, is one of the early adopters of bitcoin. 

Michael Novogratz 

Country: United States of America

Net worth: $ Billion

Ex hedge fund manager and billionaire, Michael Novogratz, has bought 30,001 BTC along with Dan Morehead, the Chief Executive Officer of Pantera Capital, when it was trading at $100. He also bought half a million Ethereum at $99 Cents. He admits to not holding on to many of his assets., though he still holds some.

Elon Musk

Country: United States of America

Net worth: $90.7B

Elon Musk, the CEO of SpaceX, has tweeted recently that he only owns 0.25 BTC.

Pretty much, although massive currency issuance by govt central banks is making Bitcoin Internet 👻 money look solid by comparison

— Elon Musk (@elonmusk) May 15, 2020

Chris Larsen

Country: United States of America

Net worth: $2.7 Billion

Renowned Angel investor who co-founded many silicon valley startups and also a co-founder of cryptocurrency project Ripple is all in on Crypto.

Joseph Lubin

Country: Canada

Net worth: $1 – 5 Billion

Canadian entrepreneur Joseph Lubin, who founded many companies including Ethsuisse, a swiss based company, contributing to Cryptocurrency platform Ethereum.

Lubin is also the founder of Consensys, a software production studio.

Matthew Roszak

Country: United States of America

Net worth: $1 Billion

Matthew Roszak, the chairman and founder of Bloq, Inc. and a blockchain investor, and also the creator of cryptocurrency Metronome.

His company Tally Capital, has a portfolio of more than 20 projects, including Civic and Factom.

Brock Pierce

Country: United States of America

Net worth: $1.1 Billion (2018)

American Actor and entrepreneur, Brock pierce, was in the news when he purchased a mansion worth $1.3 Million with Bitcoin.

According to the sources, he holds 95% of his assets in cryptocurrencies.

Anthony Di lorio

Net worth: $ 1 Billion (2018)

Anthony Di Iorio is one of the co-founders of Ethereum, and CEO and founder of blockchain company Decentral. 

Di lorio is one of the early investors in Bitcoin.  He made his first bitcoin purchase in 2012 around $10, when he first heard about it on a podcast.

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.