Cryptocurrencies are a type of digital currency decentralized and not controlled by any government. The history of cryptocurrencies can be traced back to the 1980s, when they were called cyber currencies. These coins started gaining in popularity in 2008 with the introduction of Bitcoin, which was created by an anonymous programmer or group of programmers…
Since the launch of Bitcoin in 2009, cryptocurrencies have been all the rage. Over the past few years, their popularity has only grown, with more and more people investing in them. But what are they? And where did they come from?Idea of Cryptocurrencies – 1980s In October 2008, a paper by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System outlined a system for creating a digital currency that did not require trust in any third party. Nakamoto’s paper effectively launched the cryptocurrency revolution.Bitcoin is a cryptocurrency and worldwide payment system. Satoshi Nakamoto created the Bitcoin protocol in 2009, the same year it launched as open-source software.
Throughout this period of volatility, many people lost faith in cryptos as an investment vehicle. However, beginning in late 2017, cryptos began to see unprecedented growth. The total market cap for all cryptocurrencies reached $820 billion in January 2018 before crashing later that month. Despite this crash, the crypto market has seen steady growth throughout.2017 was the year of cryptocurrency.