History of Cryptocurrencies

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     In previous years an acquaintance arrived talking about a digital currency, he explained to me or what I understood was that its existence was possible thanks to numerous mathematical equations, which for me was a matter of programmers, nowadays it is normal to hear about cryptocurrencies since is the rage of the internet, also called virtual currency or cryptocurrency, it is digital money.

 

This deserves to know a few facts about its history if you are in this vast world.

 

- In 1983, the American cryptographer -David Chaum conceived an electronic monetary cryptographic system called eCash, which in 1995 he implemented DigiCash, which used cryptography to make money transactions anonymous. This system required software that allowed digital currency to was not traceable.

 

- In 1996, the NSA published an investigation describing a cryptocurrency system, published on an MIT mailing list.

- Wei Dai, in 1998, proposed the idea of ??creating a new type of decentralized money that used cryptography as a means of control, thus describing the first cryptocurrency.

 

- In 2009 the first cryptocurrency was created, thus appearing Bitcoin, created by the developer with the pseudonym Satoshi Nakamoto, which uses the set of cryptographic functions.

 

- After the appearance of Bitcoin, Peercoin and Freicoin appeared.

 

- The capital B of Bitcoin is the Source Code that creates a worldwide payment network, using computers connected to the Internet.

 

- The value of a crypto-currency is constantly changing.

- Many other cryptocurrencies have been created, although not all have been successful, especially those that have not contributed any innovation.

 

- Since 2013, interest in cryptocurrencies has increased thanks to the rise of Bitcoin.

 

- Cryptocurrencies do not have an asset that supports their value, unlike traditional currencies.

 

- According to CoinMarketCap only in July 2020 there were about 5,790 cryptocurrencies.

 

- Bolivia was the first country to ban the use of cryptocurrencies, in 2018 China stopped trading in cryptocurrencies, banning mining, followed by Venezuela.

 

 - Nick Szabo, Finney are recognized as one of the pioneers of Bitcoin.

 

- In 2021 the current value of bitcoin represents a growth of 464% compared to Dollars, trading at US $ 28,000.

Regulation and Society adoption

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