The concept of crypto currency emerged in the year of 2008 and the credit for developing the very first crypto currency goes to Satoshi Nakamoto. The first original crypto currency in the world was bitcoin. The bitcoin and other crypto currencies became available on the crypto exchange in the year of 2010. BitProfit App will help you get started with bitcoin trading.
As more and more investors started to buy, sell and trade on crypto currency, the crypto market started getting more popular. The concept of crypto currency was emerged amidst the global financial crisis of 2008 so that people learn to control their money without any centralized control of government or any financial institution.
Bitcoin first appeared in the market as crypto currency. After bitcoin, gradually other crypto currencies came to the market such as Litecoin in 2011, namecoin in 2011, peercoin in 2012, Dogecoin in 2013, gridcoin in 2013, primecoin in 2013, Ripple in 2013, Aroracoined in 2014, ethereum in 2015, Firo in 2016, bitcoin cash in 2017, ambacoin in 2018, Algorand in 2019, avalanche in 2020, Shiba Inu in 2020, Deso in 2021, safemoon in 2021 etc.
Bitcoin is a virtual currency that can be used as an alternate payment method. Bitcoins can be used as a payment for goods and services. In case of bitcoin, a decentralized system is used and all the transactions are recorded in public ledger with the help of Blockchain network. Let’s read about the features of bitcoin.
Amidst the global financial crisis in 2008, the crypto currencies were introduced to the world to make the monetary transaction much more safe and secure. It is quite evident that the bitcoin is more popular than other cryptocurrencies available in the market. Let’s take a look at the differences between bitcoin and other crypto currencies.
Now that, you have learnt about the reasons behind people going after only bitcoin while investing in crypto market, what do you think? Get in touch with a crypto exchange today and start investing in bitcoins.
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