The Rise of Cryptocurrency

What is Bitcoin? What is Bitcoin Cash? How about Etherium? Ripple? Litecoin?

Big question right? Have you ever encountered some people asking you about these?

How long have you known Bitcoin? Are you investing in it? Do you exactly know how it works? How much do you really know about Cryptocurrency and Bitcoin?

How would you answer all these questions? Here are some knowlege about how it all started.

Modern Cryptocurrency and it's brief history

Cryptocurrency is a digital currency, meaning it's virtual, it's on the computer, and sometimes also pertained to as "internet money".

The first known modern cyrptocurrency is the Bitcoin which is very popular nowadays. People called it the father of cryptocurrencies. It was first introduced by someone named Satoshi Nakamoto in 2009 and the first decentralized cryptocurrency with $0.0009 per coin.

First bitcoin public exchanges in 2010 inspired a lot of developers, after this, other cryptocurrencies such as Litecoin started appearing. As of January 2021, it was recorded that there are more than 4000 cryptocurrencies are circulating the market. Bitcoin which started from $0.0009, now has a value of $46,000 and being treasured like gold.

If we could go back in time, in 2009, what are you going to do?

Written by:Crystal Coleman

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