Here is our deepdive into the history of Crypto Currency!
An anonymous individual or potential group under the name Satoshi Nakamoto published the Bitcoin whitepaper, outlining a Peer-to-Peer (P2P) electronic cash system.
Bitcoin (BTC) was launched, marking the first official cryptocurrency release. Early adopters mined Bitcoin, which at the time had little to no value.
The first commercial Bitcoin transaction occurred when Laszlo Hanyecz famously bought two pizzas for 10,000 BTC. Many researchers believe this helped Bitcoin grow into the major digital currency it is today.
During this period, several new cryptocurrencies emerged, including Ethereum. Ethereum introduced smart contracts, programmable transactions, and decentralized applications.
The cryptocurrency market surged as Bitcoin hit a milestone of nearly $20,000 per coin. Initial Coin Offerings (ICOs) played a key role in growing the crypto industry further.
Crypto has evolved beyond currency, with applications in finance, digital collectibles (NFTs), and tokenized assets. Governments and institutions continue exploring regulations and adoption, while Bitcoin maintains its growth.
Since its inception in 2008, cryptocurrency has surged in popularity and value. Ethereum played a significant role in advancing crypto applications and decentralization, cementing the industry’s presence in modern finance.