Bitcoin And Other Cryptocurrencies: Historical Perspective And Future Predictions
Cryptocurrencies are decentralized digital currencies operating outside the purview of any national banking system or central monetary authority. Back then, they were called “cyber currencies,” but today’s term “cryptocurrency” is more common. For more detail about the procedure buying bitcoin click here.
The debut of bitcoin in 2008 by an unnamed programmer or group of programmers known as Satoshi Nakamoto sparked widespread interest in a similar currency. Since bitcoin’s introduction in 2009, cryptocurrency has seen widespread adoption.
The idea behind virtual money
In 1980, American cryptographer David Chaum devised digital money, which employed cryptography to protect and ...