The very first ever cryptocurrency that was made and developed in 2009 by the name of Satoshi Nakamoto. It was was the first decentralized cryptocurrency and currently reigning at the top in the cryptocurrency market. The coin I'm talking about is obviously the one and only - Bitcoin.
When Bitcoin was launched, its price was not that so valuable compared to how much value it is now. At the time of making this article, Bitcoin's value is running around $18,100-18,500. But most people are asking about how did Bitcoin reached that huge amount of value. And this article will let you know about it.
Bitcoin's basis
Bitcoin is a decentralized cryptocurrency and its value is basing on code and math or what we famously known as Proof-of-work.
The Bitcoin network is being run in the world with different sorts of computers, and that means not a single individual has full control over the said cryptocurrency.
And because of the fact that is only has a limited supply of 21 million, this means that no more Bitcoins can be created in the future.
And seeing the future of Bitcoin with a mass adoption, and there will be shortage of its supply, then it will increase the Bitcoin's demand and that will also trigger to increase its price.
Lead Image : www.varchev.com
