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Miami Courant

Friday, February 21, 2025

Miami explores bitcoin for future technological growth

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Mayor Francis Suarez, City Of Miami | City Of Miami website

Mayor Francis Suarez, City Of Miami | City Of Miami website

The City of Miami is committed to becoming a model city for the 21st century by embracing disruptive technologies. The city believes that Bitcoin, a decentralized financial network, will play a significant role in transforming global interactions. This technology allows individuals to store and send value without intermediaries like banks or payment processors.

Bitcoin was created by a pseudonymous programmer known as Satoshi Nakamoto. In October 2008, Satoshi published the white paper "Bitcoin: A Peer-To-Peer Electronic Cash System," which outlined the proposal and mechanics of what is now known as Bitcoin's blockchain. Since its launch on January 3, 2009, the Bitcoin network has operated continuously without incident. It currently secures over $600 billion in value, with its native cryptocurrency (bitcoin or BTC) considered by many experts as akin to digital gold.

Miami is actively exploring ways to utilize Bitcoin and related technologies while supporting businesses and entrepreneurs innovating in this space.

Read the Original Bitcoin White Paper(PDF, 231KB).

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