It’s been over a decade since the first cryptocurrency Bitcoin (BTC) was invented. Created by an unidentified person or a group of people under the name Satoshi Nakamoto, Bitcoin intended to be the “trustless” financial instrument. The reason for this kind of digital cash is to eradicate reliance on third-party intermediaries. These “middlemen” incur sizable costs to conduct financial transactions that are often fixed per transaction. Furthermore, Satoshi felt that traditional currency and its custodians, such as banks, couldn’t be trusted.