What was the first cryptocurrency and who created it?
Table of Contents
What was the first cryptocurrency and who created it?
| Bitcoin | |
|---|---|
| 1⁄100000000 | satoshi |
| Development | |
| Original author(s) | Satoshi Nakamoto |
| White paper | “Bitcoin: A Peer-to-Peer Electronic Cash System” |
Which crypto is limited in supply?
For the uninitiated, Bitcoin is one of the few cryptocurrencies with limited supply. Bitcoin inventor Satoshi Nakamoto capped the number of Bitcoin at 21 million, to make the cryptocurrency scarce and control inflation that might arise from an unlimited supply.
What is the history of cryptocurrency?
This post will trace the history of cryptocurrency from the initial proposals for digital currencies pre-Bitcoin, the early history of Bitcoin, the increasing popularity of so-called ‘altcoins’ and the explosion in popularity of cryptocurrency in 2017. The concept of digital currency was mooted for many years before Bitcoin.
What are the most popular cryptocurrencies today?
Since Nakamoto revealed his amazing innovation there have been dozens of other decentralized cryptocurrencies released by several parties. Some of the most popular and highly valued cryptocurrencies at this time include Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Dash, NEO, NEM, Monero, and many others.
What is cryptocurrency and how does it work?
Cryptocurrencies were invented as a new technology to complete digital transactions for more convenience and efficiency. The first Cryptocurrency to be developed and launched was Bitcoin, created by ‘Satoshi Nakamoto’. There are now many sites and Apps where people can trade, buy, or sell Cryptocurrencies.
What happened to all the cryptocurrencies in 2017?
Meanwhile, Ethereum rose over 9,000\% while Ripple rose a staggering 36,000\% during the course of the year. The total value (or market cap) of all of the cryptocurrencies in circulation passed $100bn in June 2017 and peaked at $850bn in January 2018 before falling back over 50\% at the time of writing.