The evolution of humans is evident from ages. First of all, we were unknown to the fact of material and for survival, we had to hunt and kill animals than with the evolution in the human Being we entered the Stone Age then metal age iron age and now we are living in the age of the digital world.
Now every aspect of human life is getting digitized. Just like other things the currency of the world is also getting digitized and now the digital currency is discovered which is known as cryptocurrency. The cryptocurrency was discovered to replace the banking system and 3rd party organization support in the handling of one’s money.
The first cryptocurrency which was discovered in 2009 was Bitcoin and this cryptocurrency has brought the revolution in the crypto world.
Bitcoin is a kind of digital currency that is decentralized and does not include the interference of the banking system or any government. This cryptocurrency can be handled and one can trade in the cryptocurrency on his own.
Bitcoin was developed by Satoshi Nakamoto in 2009 and it was open for all at that time. Bitcoin itself can be bought with the help of exchanging currency. Bitcoin has rewarded it to the person who solves complex mathematical problems or puzzles. This was the revolution in the formation of digital currency.
Creation and history
Satoshi Nakamoto in 2009 mind the first block of the blockchain for the Trading purpose of Bitcoin. The first block was developed on the 3rd of January 2009. At first, people did not know much about cryptocurrency especially Bitcoin but in 2010 for the first-time bitcoins were used as payment for buying two pizzas and the amount paid was 10 thousand bitcoins.
This was the first step towards just Liz a shun of currency and payment through them. As this was going to be famous in the coming future satoshi Nakamoto made it clear that a fixed number of bitcoins can be mined and are present in the cyber world. after the successful transactions of Bitcoin, the value of Bitcoin started increasing and went up to $770 in January 2014 which was its all-time high at that time.
And due to the increase in the value of Bitcoin people started thinking that the digitized currency may replace the caste system shortly and most of the companies started using Bitcoin as a payment method. In 2014 on the 30th of July for the donation purpose Wikimedia Foundation starting accepting bitcoins. You can also take the reference from the Crypto Genius Official Site to clarify your doubt as per your requirements.
With the popularity of bitcoins, the developers started making them more easily accessible to the programmers in the world for mining purposes. In 2017 the value of Bitcoin was $998. With this, the value of Bitcoin started increasing day by day and more and more people started buying bitcoins and started trading in Bitcoin.
The outcome of all this was that various big companies like Microsoft, Tesla started accepting Bitcoin as a payment option and allowed its customers to trade through the Bitcoin trading exchange. This was the biggest change in the currency system of the world because people started using the digitalized form of currency for the exchange of goods and services.
After Bitcoin, various other cryptocurrencies were launched which include ethereum, Litecoin, dogecoin, etc. And nowadays all big stakeholders accept the fact that the near future is the time for cryptocurrencies and people will use them more often.
This is all about the revolution in the digital field in the form of Bitcoin that took over the world market with a storm and still is leading its way.
