You can't talk about cryptocurrency without thinking of the original, where the whole story started: Bitcoin. In the year 2008 after the financial crisis the United States was experiencing a pseudononymous coder only known by his alias: Satoshi Nakamoto set out on a journey to take on the financial crisis and the distrust people had in banks and other financial institutions.
Satoshi Nakamoto set out with the goal to make a decentralized system that was secure and could be used to trade for goods and services. The system he established was unknown to most people except for a small circle of coders that was playing around with it at the time. In 2010, the first trade of Bitcoin for a good or service was made when 10,000 Bitcoins were traded for 2 pizzas, this was very important because it gave Bitcoin a usecase and showed it could be accepted. Today the Bitcoins traded for that pizza would be worth around 500 million dollars. It is no wonder why people are turning to Bitcoin and other cryptos with governments printing money non stop it gives people less trust in fiat especially with the recent inflation we are experiencing. Some people like Jack Dorsey CEO of Twitter are Bitcoin Maxis and believe the only real Cryptocurrency is Bitcoin and every other crypto is a ripoff. While Bitcoin was the original on the block other cryptos in recent times are surpassing the technology but some have faith Bitcoins Lightning Network will change things by solving scalability issues and lowering fees. Bitcoin is considered by most the safest cryptocurrency to invest money in due to the fact that it is the one that fluctuates the least and is constantly on the rise. Over the years Bitcoin has gone from becoming a decentralized currency, to being a serious store of value with some replacing their gold reserves with Bitcoin.
