Discover the wonderful and historic journey of Bitcoin
Bitcoin is being talked about suddenly in India and those people have also shown interest in it, so do not have any technical knowledge and those people who have less knowledge about Cryptocurrency. The reason is clear, skyrocketing its price suddenlySo today we know something about its history, so let us talk
Bitcoin history
If you talk about Bitcoin history, then Cryptocurrency is not as old and not as new as people are now learning about it fast. Since the year 2009, it is in currency practice and the technique that has been created is getting better with time because people from all over the world are working on it year It was not so popular in 2009 that people were less aware of this because of this, but after creating headline of many newspapers all over the world, people started talking about it and investing in it, so this fast Getting popular with
If we want to understand Bitcoin history properly, we can understand its journey through a timeline which is as follows
Pre-bitcoin Era / Beginner's Round (1998-2009) - Although now whenever we talk about Cryptocurrency, we generally say that bitcoin is the first cryptocurrency, but it is not so before Between 1998-2009 two cryptocycenes named B-money and Bit Gold emerged in the market but they were not fully worked out and they were just making an idea all over, which failed
The beginning of Bitcoin (2008-2009) - For the first time a research paper was released for the first time in a maling list debut, titled Bitcoin - A Peer to Peer Electronic Cash System, which was shared by a Satyoti Dakamoto About which people still do not know and its identity remains confidential. After this, in 2009, bitcoin software and mining processFor the first time the logo was published on the Internet. Let us tell you Bitcoin mining is a process that helps create new bitcoins and those people are given as rewards that verify transactions on Blockchain. In a separate post about this, we will talk about what bitcoin mining and blockchain are
Start of Bitcoin Transaction (2010) - In the next year 2010, Bitcoin was first used for the transaction. This transaction is also interesting because it paid 10000 bitcoins instead of two pizza, and if the person taking the bitcoin had kept those coins from that time till date, then you guessed how much money he had in today's time. | Simply multiply 10 million by 10,000
Rival cryptocurrencies came in the market (2011) - this was the time when the popularity of bitcoin began to grow, because people liked the idea that their transactions could be kept confidential with government or banks, and people started using it. | At the same time some more cryptocurrencies also came in the market, which are collectively known as altcoins because it is the alternative of bitcoin. Basically, the need and popularity of altcoins also is because the bitcoin model isThere are some drawbacks and features in it, and there have been some improvements on this basis in the next several cryptocurrencies. In some cryptocurrencies, the speed of the transaction is high and then offers some more privacy. The people started adopting them according to their own choices. It was an ego turn in bitcoin history
The fall of Bitcoin (2013) - After two years of enjoying the popularity, after the price of one bitcoin reached $ 1000 and after that suddenly its rate fell and it fell to $ 300 And at that time many investors had lost their money in it. After that, it took more than 2 years to arrive at its old level.
The biggest case of fraud (2014) - Since this currency is decenterlized in itself and it is not controlled by any government or bank, due to which it has also been associated with acts related to hacking and crime. The year 2014 saw such a big case in which the world's largest Bitcoin exchange was victimized by Mt.Gox hacking. In it many people lost more than 850,500 bitcoinsGiven and damaged nearly $ 450 million dollars. Even today many investigating agencies are investigating behind this incident. This is considered to be the biggest fraud or loss of bitcoin history, because some people claim that the exchange deliberately did it with the logo, while according to some people it was an incident of hacking
Present (2016-2017) - This is the time in which bitcoin history has touched the highest level of its price, as well as the popularity of cryptocurrencies is skyrocketing, as well as a number of other cryptocurrencies that are matching the bitcoin price. In which ETH is ETHEREUM and LTC is something main. During this time, Bitcoin touched its record price of $ 17,000 and retail investors are now also interested in cryptocurrencies. People have their own opinion about thisIs giving Some people think that this is just a scam and there is a bubble that will break ever and take the money of the people and some people believe that it is a future currency which will change the way we do our transactions.
bitcoin last price chance $25000 to $30000
So this is Bitcoin's history