The Rise of Cryptocurrency

  • finance

The first cryptocurrency named bitcoin, appeared in 2009. The original creator was Satoshi Nakamoto. But first let's take a brief history of the currency. The reason that a currency exists is that it acts as a medium of exchange and store value. If there are two counterparties and want to make an exchange of a good or service we need a currency to act as measure and transfer of value. This way a transaction can be executed directly between the parties. Most notables are the exchange of cash (banknotes, coins), or transactions through the financial banking system.

If the transaction ...

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