Brief: Reportlinker Conducts Research on Bitcoin - Crowdfund Insider

Reportlinker, a market research solution company, announced on Wednesday its new research on cryptocurrency, Bitcoin.

The company shared:

"Bitcoin is the first successful digital currency. Its success lies in its ability to create consensus for a transaction database, a blockchain, between a large number of independent sources, or nodes. Bitcoin has a number of unique and powerful properties. Envisioned by Satoshi Nakamoto, Bitcoin's consensus allows transaction between mutually unknown actors without the need for a central authority such as a bank, remittance, or market platform provider, such as Airbnb or Uber. Bitcoin is the first killer application for blockchain technology in the same way email was the first 'killer application' for the Internet. This Market Insight provides an overview of Bitcoin, its potential use c ases, and its current challenges."

Reportlinker's research methodology of Bitcoin include:

Identification of Bitcoin Application Stack

Bitcoin Explanation

The fundamental workings of Bitcoin were extracted into pieces.

These pieces were compiled into a narrative and given an easy-to-understand flow, removingextraneous detail.

Use Cases

The use cases of Bitcoin were brainstormed and brought together under general categories.Existing and

theoretical projects were considered, but categories were limited to use cases possible under the current iteration of Bitcoin development.

For the full report, click here.