By Christopher Moschella, CPA, CISA, Risk Advisory Services Senior Manager
The Basics Behind the Buzzwords
March of 2016 a single Bitcoin cost $416.
March of 2021 a single Bitcoin cost $50,000!
Bitcoin, cryptocurrency, and blockchain are in mainstream financial news every day. They have the potential to be massively disruptive over the next decade. The media, however, rarely dives into the technological details, and as a result the fundamental concepts underpinning these technologies evade most individuals.
This presentation demystifies these concepts by gently wading into the details with the goal of giving you the foundational knowledge you need to enable your own independent research and eventually make better informed decisions for yourself and your business.
Presented by Chris Moschella
on March 16, 2021
View the answers to questions submitted by attendees here.
Correction from the Presenter: The realistic maximum size of a Bitcoin block is closer to 2 megabytes rather than 1 megabyte. The average block size being between ~1,500 and ~2,500 transactions.”
Disclaimer: This content has been prepared for general guidance and informational purposes only based on the date published.
Keiter recommends that you perform your own independent research and/or speak with a qualified professional before making any financial business decisions. © 2021 Keiter, All Rights Reserved.
About the Author
Christopher Moschella, CPA, CISA, Risk Advisory Services Senior Manager
Chris is a Senior Manager in Keiter’s Risk Advisory Services. Chris has a strong combination of IT skills, which range from IT audit and internal control assessments, including general computer controls and application controls, to full stack web development. Most recently, Chris developed a Cybersecurity web application that assesses an organization’s resistance to social engineering attacks. Chris shares his cybersecurity insights on our blog.
More Insights from Christopher MoschellaThe information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.
