Hello steemians. Everyone of you must be aware of the term bitcoin but how many of know it's history. So I am writing about it to make aware of it.😎😎
Although Bitcoin was the first established cryptocurrency, there had been previous attempts at creating online currencies with ledgers secured by encryption. Two examples of these were B-Money and Bit Gold, which were formulated but never fully developed.
Bitcoin was founded/created by Satoshi nakamoto whose real identity remains a mystery to this day.
2009- the beginning of bitcoin
The bitcoin is then made available to the public for the first time .
2010-bitcoin is valued for the first time
As it had never been traded, only mined, it was impossible to assign a monetary value to the units of the emerging cryptocurrency. In 2010, someone decided to sell theirs for the first time
2011-rival cryptocurrency emerge
As Bitcoin increases in popularity and the idea of decentralized and encrypted currencies catch on, the first alternative cryptocurrencies appear. These are sometimes known as altcoin and generally try to improve on the original Bitcoin design by offering greater speed, anonymity or some other advantage. Among the first to emerge were Namecoin and Litecoin. Currently there are over 1,000 cryptocurrencies in circulation with new ones frequently appearing.
2013-bitcoin price crashes for the first time
Shortly after the price of one Bitcoin reaches $1,000 for the first time, the price quickly begins to decline. Many who invested money at this point will have suffered losses as the price plummeted to around $300 – it would be more than two years before it reached $1,000 again.
In between there are some scams and thefts but from then the value of btc starts to grow more and more.
