Florian Reike is a German entrepreneur who works with

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 i ...

. 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 Martin Luther University of Halle-Wittenberg (german: Martin-Luther-Universität Halle-Wittenberg), also referred to as MLU, is a public, research-oriented university in the cities of Halle and Wittenberg and the largest and oldest university i ...

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 Bitcoin ( abbreviation: BTC; sign: ₿) is a decentralized digital currency that can be transferred on the peer-to-peer bitcoin network. Bitcoin transactions are verified by network nodes through cryptography and recorded in a public distr ...

and other

cryptocurrencies 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 A bank is a financial i ...

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 A blockchain is a type of distributed ledger technology (DLT) that consists of growing lists of records, called ''blocks'', that are securely linked together using cryptography. Each block contains a cryptographic hash of the previous block, a ...

is based on. According to Reike, traditional blockchain technology has some shortcomings such as scalability, which led the founders of nakamo.to to focus on their new project ''peaq'' that is based on directed acyclic graphs (DAG). DAGs are a DLT System that for example the cryptocurrency IOTA is based on. Reike invested in IOTA as a student and when Robert Küfner first approached him in Berlin, Reike introduced him to IOTA. Since 2017, nakamoto.to is part of the Advanced Blockchain AG.

Documentaries

Die Bitcoin-Millionäre: Mit vollem Einsatz ins Risiko
Arte (broadcaster

Der Spiegel ''Der Spiegel'' (, lit. ''"The Mirror"'') is a German weekly news magazine published in Hamburg. With a weekly circulation of 695,100 copies, it was the largest such publication in Europe in 2011. It was founded in 1947 by John Seymour Chaloner ...

), German documentary, 2017.

References

{{DEFAULTSORT:Reike, Florian Year of birth missing (living people) Living people Businesspeople from North Rhine-Westphalia German founders People from Detmold