know about crypto currency | history

cryptocurrency is the latest craze in finance, but what does that mean and how can you get involved? This article will answer all your questions about cryptocurrency. Whether you want to know how it works, which currencies are the best, or whether these currencies are going to be around long term or not- this guide will have all the answers for you. Crypto currency has been growing in popularity to the point where Coinbase, a crypto currency exchange, is on track to do $1 billion in transactions in 2017.

The most popular crypto currency is Bitcoin and it's on people's lips all over the world. By the end of this article you will know everything about crypto currency- what it is, how it works, and what its future potential is.

To get started with this guide, we are going to look at the history of cryptocurrency.

Cryptocurrency History

Bitcoin was created in 2009 by a person who calls himself Satoshi Nakamoto. He was trying to find a solution for a long-standing problem in computer science called the double spending problem. The double spending problem occurs when someone tries to send the same digital asset, such as a dollar or Bitcoin, to two different places at the same time. If he succeeds in doing that, it is as if he has created money from nothing. This is obviously not ideal and many people have spent years trying to solve this double spending problem and make our monetary system more secure.

Satoshi's solution was to create a digital currency that is resistant to double spending. He also built the first version of Bitcoin and released it on the internet. This made him a billionaire in real time because the value of Bitcoin went from a few cents to over $20,000 in 2017 alone, and by 2020 it could be worth as much as $70,000 per coin.

The first thing you should know about cryptocurrency is that it is completely decentralized and trustless. You have no idea who Satoshi Nakamoto is, but you know that his work has changed lives and he created something crucial for the future of computer science.