BRIDGEPORT, W.Va. (WV News) — Members of the local business community were given the opportunity to explore Bitcoin and blockchain technology Friday morning.
During the Harrison Chamber's latest Business@Breakfast event, attendees heard from Steven Saab and Matt West of Mountain Valley Bank about the rapidly evolving world of cryptocurrencies.
"Bitcoin was the first prominent use of blockchain technology, (introduced) around the 2008, 2009 time frame, and that's why a lot of time when you hear about blockchain, Bitcoin and crypto, they'll all get mixed together," said West, MVB executive vice president and chief strategy officer. "Bitcoin is one of the earliest prominent use cases and is still one of the most talked about."
Blockchain, the communal ledger used to record crypto transactions and track crypto assets, is the underlying technology behind what is referred to as Web 3.0, Saab said.
"It's about the many different ways we can apply this distributed ledger blockchain...
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