Florian Reike
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Florian Reike
Florian Reike is a German entrepreneur who works with cryptocurrency. He is one of the co-founders of nakamo.to and head of research at the Advanced Blockchain AG. Life Reike grew up in Detmold, Nordrhein-Westfalen. He studied economics at the Martin-Luther-Universität Halle-Wittenberg between 2015 and 2017, but dropped out without finishing his degree. Today he lives and works in Berlin and New York. Career Reike started to invest in Bitcoin and other cryptocurrencies in 2013 when he was a student, donating blood and working in a fast food restaurant to earn money he could invest. At a meeting of the blockchain and cryptocurrency scene in Berlin he met Robert A. Küfner and moved into his shared apartment. With the other flatmate Till Wendler they founded nakamo.to in 2017, a company with the aim to further develop Distributed Ledger Technology, which blockchain is based on. According to Reike, traditional blockchain technology has some shortcomings such as scalability, wh ...
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Cryptocurrency
A cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. It is a decentralized system for verifying that the parties to a transaction have the money they claim to have, eliminating the need for traditional intermediaries, such as banks, when funds are being transferred between two entities. Individual coin ownership records are stored in a digital ledger, which is a computerized database using strong cryptography to secure transaction records, control the creation of additional coins, and verify the transfer of coin ownership. Despite their name, cryptocurrencies are not considered to be currencies in the traditional sense, and while varying treatments have been applied to them, including classification as commodities, securities, and currencies, cryptocurrencies are generally viewed as a distinc ...
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