North Central College in the News
North Central College professor quoted in U.S. News & World Report
Sep 03, 2020
Professor Chetan Chawla talked about the history of Bitcoin
Bitcoin has taken investors and the world for quite the ride. In just over a decade, it's spiked and crashed and rallied and fallen again. Some would say Bitcoin's raucous journey has paved the way for the thousands of other cryptocurrencies used for financial and investing activities today.
Dr. Chetan Chawla, assistant professor of entrepreneurship at North Central College, was quoted in U.S. News & World Report on this topic, specifically addressing how this cryptocurrency got its start.
"The idea behind Bitcoin was introduced to the world on Oct. 31, 2008, at the depth of the financial crisis by a pseudonymous person called Satoshi Nakamoto," says Chawla. "For the first few months of its existence, it was obtainable only by miners validating the Bitcoin blockchain."