With all the hype that is surrounding Bitcoin, and blockchain technology as a whole, what’s so great about it? Cryptocurrency is a type of digital money that works by decentralizing the currency so that it can ultimately be not only more secure, but more transparent as well. Since the records for all transactions cannot be modified, many businesses are beginning to use blockchain technology for all sorts of transactions.
Deloitte has stated that 10% of the global GDP may be built on the platform of blockchain by the year 2025.
Many individuals as well as very large companies have begun to use cryptocurrency to not only fund their businesses, but run them as well. The use of ICOs or initial coin offerings, has helped to change the game of fundraising forever.
As the value of all cryptocurrencies continues to shoot up, it is exciting to see where the future is. Bitcoin and Ether have respectively grown exponentially. Bitcoin went from being worth $0.07 in 2010 to an incredible amount of $4,800 as of just a few weeks ago.
Some are wondering as to whether or not the space of cryptocurrency is dominated by men and why that is. The current space of cryptocurrencies has left the amount of female entrepreneurs in the space quite small. More than 90% of the users of bitcoin are male according to the Cointelegraph.
Why is there such a large disparity when looking at gender? Well the first issue is the underlying gender gap that lies within the tech industry as a whole. In addition, there is a sad under-representation of females in the financial industry as a whole. These two factors combine to equal a space that is unfairly distributed by gender. Hopefully this can turn around and present an opportunity for more women to get involved in the space, thus presenting women with a larger amount of play in the space in the future.