Cryptocurrencies are digital currencies, which are decentralized and private. The Cryptocurrency allows people to transact in seconds and discard the current geographical limitations and restrictions. There is no intermediaries adding forex, conversion or other fees for the equation of a transaction.
Bitcoin is the most popular among them, which might be heard by most of the people as compared to other common cryptos like Ethereum, Tether or Monero, which comes as one of the top 10 cryptocurrencies in the world, but not as popular as Bitcoin.
Bitcoin was launched in January of 2009. It introduced a novel idea set out in a white paper by the mysterious Satoshi Nakamoto-bitcoin offers the promise of an online currency that is secured without any central authority, unlike government-issued currencies.
October 5th the first Bitcoin course towards exchange dollar is published: 1 USD = 1,309.03 BTC. A public sale is launched on New Liberty Standard stock exchange.
Bitcoin in 2011 Based on bitcoin's open source code, other cryptocurrencies started to emerge.
January 27th Biggest monetary transaction in bitcoin history from 3 accounts in Zimbabwe on #bitcoin-otc. The currency value was 4 BTC to 100 trillion Zimbabwe dollars.
March 27th First stock to exchange BTC for GBP opens.
April 23rd BTC/USD rate reaches and surpasses the USD/EUR price and the USD/GBP rate on MtGox stock exchange. The general capitalization of bitcoins is 10 million USD.
March 28th - Bitcoin capitalization surpasses 1 billion USD.
April 1st - Exchange rate of Bitcoin reaches 100 USD to 1 BTC.
Mar 2010- On 17 Mar 2010, the now-defunct BitcoinMarket.com exchange is the first one that starts operating by $0.003.
26June2019 - Bitcoin approached $13,000. Experts attribute this to the development of cryptocurrency and the blockchain industry in the form of the release of the cryptocurrency Libra.
(content sourece- https://en.bitcoinwiki.org/wiki/Bitcoin_history)
At the start of the cryptocurrency boom in 2017, Bitcoin's market value accounted for close to 87% of the total cryptocurrency market.
Ethereum is an open-source public service that uses blockchain technology to facilitate smart contracts and cryptocurrency trading securely without a third party. There are two accounts available through Ethereum: externally owned accounts (controlled by private keys influenced by human users) and contract accounts. Ethereum allows developers to deploy all kinds of decentralized apps. Even though Bitcoin remains the most popular cryptocurrency, it/s Ethereum's aggressive growth that has many speculating it will soon overtake Bitcoin in usage.
Ethereum hit another all-time high Wednesday with the cryptocurrency now up more than 60 percent in a week.
The digital currency hit a record high of $1,417.38 before paring some of those gains, according to CoinDesk, a website that tracks the prices of the digital currency. Ethereum is up over 13,000 percent in the last year.
Ethereum is the world's second-largest cryptocurrency by market capitalization behind bitcoin, with a value of $131.5 billion, CoinDesk data shows.
Cryptocurrency offers that potential.
If it realizes this potential - and I think it will - you'll use a few different currencies in your everyday life, along with your local currency. Each cryptocurrency will be designed for specific type of transaction, each instantly convertible into every other type of currency on demand. Your bank or your cryptocurrency wallet will allow you to convert all cryptos into your local currency and back, probably for a fee.
Bitcoin and Ethereum are approaching its ten-year mark and the original coin is thriving now more than ever, with evolving technology citizens of the globe are ready to take a peek into the future. According to financial data, there are approximately more than 329,000 Bitcoin transactions happening every day, the majority of the transactions are between two individual parties but transactions happening in the real world are on a controlled ascent.
Designed and launched in 2021, EuroT describes itself as a Utility, Trading and Gaming coin. EuroTwallet will be built as a financial service to provide secure payment options to members of an online community via a global network. On the basis of this protocol, a new digital currency system appeared in May 2021, for which its own crypto currency EuroT will issue.
EuroT is a gamified marketplace that enables users to earn EuroT tokens by completing micro-tasks or shopping at global partner stores online. Users can earn staking rewards, shopping, and micro-task benefits for holding EuroT in their own wallet.