The formation and development of cryptocurrencies

Bitcoin can be considered the first cryptocurrency virtual advent stations, the appearance of which was the result of the white paper published by an unidentified programmer named Satoshi Nakamoto to date it remains unclear what Satochsi Nakamoto is a real person, alias, or perhaps a group of people. The process of issuing bitcoin as the first cryptocurrency began in January 2009 and that year bitcoin was not extracted to a narrow range by a few of its enthusiasts At the time, it was estimated that Nakamoto had created only about 1 million pieces of bitcoin. Since then, Nakamoto has not participated in the bitcoin project and has not appeared in public since. From the complete absence of identification, in 2010 the first bitcoin transactions began through Bitcointalk users by purchasing pizza for ten thousand bitcoin units and worth $0.003 per unit, following which the currency prices will gradually rise. By January 1, 2011, one bitcoin unit was valued at $ 0.30.

Since the beginning of 2011, new cryptocurrencies have begun to emerge; Altcoins, which is a branch of bitcoin, has come with the aim of improving some elements of bitcoin design such as speed and anonymity, as well as enhancing competitiveness, as the growing popularity of bitcoin has led to the creation of infrastructure within the Internet.
Enables users to trade and store bitcoin. Since the launch of the first Bitcoin stock exchange, the unit was valued at approximately $ 30, returning to nearly $5 that year.
In 2012, bitcoin was first accepted as a form of payment by official merchants on Internet sites and WordPress was the first website to accept payment in this currency, But it was soon followed by other retailers including Microsoft. The first step towards accepting bitcoin and cryptocurrency internationally and widely as a legitimate payment method, This year has also seen the development of more virtual currencies including Ripple. The year 2013 also saw the first ICO initial offer (Offering Coin Initial), as a means of crowdfunding Funding Crowd, which proved controversial due to the lack of regulatory control over it. During 2014-2016 bitcoin infrastructure continued to improve, particularly the opening of the first ATM Bitcoin ATM in February 2014 and by October 2017 there were approximately 1,500 Bitcoin ATMs worldwide. It will also be recalled that in 2015 Coinbase Qa'at platform in the USA became the first Bitcoin stock exchange organization.
In 2017, bitcoin increased to USD 20,000 in December. Meanwhile, Ethereum one type of virtual cryptocurrency rose by more than 9000% while Ripple rose by 36000% from the same year. The total value of all cryptocurrencies in circulation exceeded USD 100 billion in July.