© The Author(s), under exclusive license to APress Media, LLC, part of Springer Nature 2023
K. JungThe Quiet Crypto Revolutionhttps://doi.org/10.1007/978-1-4842-9627-1_1

1. Introduction to the Crypto Revolution

Klaas Jung1  
(1)
Amsterdam, The Netherlands
 

In 2010, a man named Laszlo Hanyecz made history by becoming the first person to use Bitcoin to buy a tangible item: two pizzas. At the time, Bitcoin was worth less than a cent, and Hanyecz famously paid 10,000 bitcoins for his pizza order.

Today, those 10,000 bitcoins would be worth tens of millions of dollars. But the significance of Hanyecz’s purchase goes beyond the exorbitant price he paid. It represented a new way of thinking about money and transactions, one that challenged the traditional ...

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