The history of the emergence of cryptocurrency

The development of cryptocurrencies has been going on for more than a decade, and this is very noticeable in the example of bitcoin and other equally well-known cryptocurrencies, which include DOGE, ton usdt, ETH, BNB, DOT, LTC, etc. This story is interesting to everyone who works with currency.



What projects preceded the appearance, breakdown by years
The idea appeared back in 1983, the possibilities of electronic calculation came to the mind of S. Brands and D. Chaum. At the same time, the concept was presented. Further, they were remembered in 1997, when Hashcash was introduced, which was needed to eliminate the possibility of spamming. It was this system that became the basis for blockchain chains. Since 1990, DigiCash has been working with cryptocurrencies to create transactional privacy. Modern proposals are much more convenient and decentralized.



Who are the founders
Bitcoin was created by Satoshi Nakamoto, who has been working since 2007, but his article in the direction was the starting point. It included data on the principle of how cryptocurrency money works. But the exit was made later. In 2009, Bitcoin 0.1 appeared, which initially only worked within a number of versions of Windsows. The process started immediately after the release, already in the month of foundation they collected 50 coins and the first block with a subsequent transaction. Gradually, transfers and exchanges began to be carried out, a community of miners appeared, new versions of the currency. Each crypto exchange tried to keep a good bitcoin rate in order to attract traders.



Why it turned out to be in demand and how it became popular
Gradually, people appreciated all the advantages of cryptocurrencies, their popularity was achieved gradually.
Key benefits include:

• there are no intermediaries. Payments go straight to recipients, no funds or banks required;
• decentralization. Control is excluded, each participant is equal to others, control is performed only by network users;
• there are almost no commissions. No one is required to pay, sometimes there are low fees for processing transfers, while the percentage is negligible;
• all actions are anonymous. No one is interested in your purchases and expenses;
• safety. Theft is a complex and almost impossible task;
• system development is rewarded. With the help of creation, pleasant bonuses are laid.

Growth in the value of cryptocurrency over the past 10 years:

1. In 2011, the $10 mark was broken, then the Bitcoin halving arose, but by 2013 they had crossed the threshold of $1,000.
2. Banks joined the industry in 2015 and two years later hit $20,000.
3. Then there was a crisis, a thaw and a new difficult period.
4. By 2021, Bitcoin will be recognized.

Reasons for the growth of cryptocurrencies
The currency is growing due to increased demand. It is also worth considering its purchase by famous personalities and brands. Hype is also of great importance, everything is done to attract people. Use the currency to exchange goods and facilitate payment.