Bitcoin is a type of electronic cash also known as a cryptocurrency. It’s defined as a digital currency without an administrator. Bitcoin can be transferred from one user to the other without an intermediary. Network nodes validate transactions via cryptography after which they are documented in a blockchain, also known as a public distributed ledger.
The identity of Bitcoin inventors is unknown. However, they used the name Satoshi Nakamoto. Bitcoin was dispensed as software in the year 2009, while Bitcoins are developed as a prize for a mining process and can be exchanged for other products, currencies, or services.
According to research conducted by the University of Cambridge, there were between 2.9 to 5.8 million people utilizing a cryptocurrency wallet in the year 2017. A big percentage of them were using the Bitcoin.
Understanding the Bitcoin Icon
To the cryptocurrency world, the Bitcoin icon is representative of the dollar logo on the traditional global economy. Almost every cryptocurrency enthusiast is aware of the Bitcoin icon; that is the huge “B” that features two vertical lines perching on a coin brightens a big percentage of the cryptosphere.
Just as the Bitcoin story, the development of the Bitcoin logo design is exciting. It is the climax of collective innovation efforts that completes the key principles of Bitcoin and the cryptocurrency transformation. Satoshi Nakamoto released the Bitcoin’s white paper in 2008 and went on to launch it in 2009.
However, Bitcoin didn’t have a globally recognizable logo for three years. Of course, there were some logos designed by Satoshi and other Bitcoin fanatics. Still, Bitcoin lacked any physical representation. The situation didn’t last for long as (AOCS) American Open Currency Standard would later collaborate with Mick, also known as MJB to develop the Bitcoin icon.
About the Bitcoin Logo Creators
Mick approached the AOCS in 2010 armed with an exciting concept to develop the inaugural solid Bitcoin icon. The AOCS was by then not convinced about the potential of cryptocurrency. When it became obvious that the fiat defiance and the progressive principles of the developing cryptocurrency system had various similarities, the AOCS agreed to collaborate with Mick.
Since 2007, the AOCS has contributed to helping currency issuers identify their brand needs, encouraging the utilization of commodity-based money, and creating a favorable merchant economy where open currencies can be used.
Mick’s original design pledged allegiance to the early years of computer technology. The circuitry appeared clunky with traditional circuit boards similarities, while the front side of the coin was emblazoned with MJB Monetary Metals. The backside of the coin had an AOCS Approved on it.
Understanding Cold Storage Coins
CSC (Cold Storage Coins) is the existing cryptocurrency arm of the American Open Currency Standard (AOCS.) When the company launched the 2018 Bitcoin Cold Storage Coin, CSC contracted Mick to develop various updated on the original Bitcoin coin. The company is focused on creating some level of reality in the world of cryptocurrency which is generally virtual.
Finally
The CSC manufactured coins are usually cold wallets with an exclusive wallet identification and a damage-proof laser etched private key. The coins are manufactured from investment grade copper, silver, and gold to maximize aesthetic appeal and enhance quality.
