The idea and a brief history of cryptocurrencies | The Guardian Nigeria News - Nigeria and World News

Cryptocurrencies are a type of digital currency decentralized and not controlled by any government. The history of cryptocurrencies can be traced back to the 1980s, when they were called cyber currencies. These coins started gaining in popularity in 2008 with the introduction of Bitcoin, which was created by an anonymous programmer or group of programmers…

Since the launch of Bitcoin in 2009, cryptocurrencies have been all the rage. Over the past few years, their popularity has only grown, with more and more people investing in them. But what are they? And where did they come from?Idea of Cryptocurrencies – 1980s In October 2008, a paper by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System outlined a system for creating a digital currency that did not require trust in any third party. Nakamoto’s paper effectively launched the cryptocurrency revolution.Bitcoin is a cryptocurrency and worldwide payment system. Satoshi Nakamoto created the Bitcoin protocol in 2009, the same year it launched as open-source software.

Throughout this period of volatility, many people lost faith in cryptos as an investment vehicle. However, beginning in late 2017, cryptos began to see unprecedented growth. The total market cap for all cryptocurrencies reached $820 billion in January 2018 before crashing later that month. Despite this crash, the crypto market has seen steady growth throughout.2017 was the year of cryptocurrency.

Source: Digital Coin News (digitalcoinnews.net)

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The History And Tradition Of Christmas Trees | The Guardian Nigeria News - Nigeria and World NewsHey, I’ve caught Christmas fever, can you blame me? Well, as we all look towards that one day called Christmas, there has been tons of preparation leading up to that one significant day. The day most Christians unite in hope of the promise of a saviour. Christmas is a beautiful holiday that everyone appreciates. In […]
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Pope urges dialogue amid pandemic isolation | The Guardian Nigeria News - Nigeria and World NewsPope Francis on Saturday urged dialogue on both personal and political levels as he celebrated a second Christmas under the shadow of a coronavirus pandemic that was pushing people into isolation
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Taliban government scraps Afghan election commission | The Guardian Nigeria News - Nigeria and World NewsThe Taliban have dissolved Afghanistan's election commission, a panel that supervised polls during the previous Western-backed administration, a spokesman for the Islamist government said on Saturday. That's unheard of, anywhere in the world. Theocracy in the 21st century is outdated. Should be phased out as well!! I wonder what the UN is doing?😭Afghans are really suffering. The easiest thing to do is to scrap or dismantle. Let them go ahead and build.
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Spain declares Canaries volcano eruption officially over | The Guardian Nigeria News - Nigeria and World NewsThe eruption of a volcano on the Spanish island of La Palma that destroyed hundreds of homes and large swathes of farmland has ended, officials said Saturday over three months after it began.
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Source: GuardianNigeria - 🏆 1. / 94 Read more »

Ayade suspends 14-month-old curfew | The Guardian Nigeria News - Nigeria and World NewsICYMI: Ayade suspends 14-month-old curfew | The Guardian Nigeria News - Nigeria and World News
Source: GuardianNigeria - 🏆 1. / 94 Read more »