Journey So Far
Past of CryptocurrencyIn 1983,when an American cryptographer, David Chaum developed a cryptographic system called eCash, it all began. After twelve years he developed DigiCash to make economic transactions confidential. However in 2008, when a funding crisis came up as an economic disaster, coins started losing value drastically.
In 2009, Satoshi Nakamoto created the first-ever cryptocurrency called Bitcoin. He wanted to come up with a currency that is not conventional and that everyone can benefit from.
Present of CryptocurrencyCryptocurrencies are getting more exciting with time. Blockchain is the technology behind cryptocurrencies is considered to be more secure than traditional payment systems. The crypto market has become 2.15 trillion in such a short period of time.
There are so many industries that allow their customers to pay for their goods and services in cryptocurrency. Cryptocurrencies are now becoming favorites of the Hotel and Airline industries too. There are also a few tourist parks and Tourist offices which have shown interest in virtual currencies.
Future of CryptocurrencyCryptocurrencies are being seen as the currency of the future and people are racing to buy them before they become too vulnerable. Because there are no banks involved, it is going to be even more popular as it eradicates the possibility of inflation.
As per the experts, this is just the beginning. Cryptocurrency has an excellent future trading in millions. People will no longer be bound to use the conventional methods of making assets or investing. It is going to prove itself to be an exciting concept with the power to revolutionize global finances for the better.