History of digital currency

Now in the age of the web, the world is experiencing the era of electronic media, when paper funds are replaced by plastic credit cards, and there are a huge number of systems for electronic currency payments, for example, Yandex Tools, QIWI Wallet, WebMoney, etc.. Digital currency is a fundamentally new means of payment.

Almost everyone is still dumb, what is it after all, how did she appear. Some think, that this is just a myth of our time and a similar phenomenon is akin to money pyramids. However, it makes no sense to deny the existence and growing popularity of digital currency.. Digital Currency - Electricity of Conventional Means, based on a coding algorithm in a decentralized distributed network. With all this, it is not the very fact of the money transfer that is subjected to coding., and the data block system, which are proof of the reliability of a particular operation. Such currency cannot be converted into real currency equivalent, it is located only within the boundaries of the virtual world.

The main difference between digital currency and conventional funds is, that this currency does not depend on the political and financial situation in the world, from the level of increase in the general level of prices - everything is related to the demand for this currency. The higher and the more excitement, desires for the purchase of digital currency, the therefore higher its cost. When, during the European crises, the population needed a reliable and measured currency, that's when digital currency was born.

The origins of digital currency begin with the launch 3 January 2009 year of the first bitcoin wallet for Windows Satoshi Nakamoto. There is a lot of gossip around this name.. Was it really a real person, or is it a group of IT professionals. But the thought worked and became reality. The main step in the development was the creation of a chat in order to increase the productivity of the system.. Immediately, the first event happened - the exchange 10 000 bitcoinon of 2 pizza, who came out of order 50$.

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Further, the increase in the price of bitcoins contributed to the birth of the first cryptocurrency exchange Mt.Gox, where it was possible just to deal with the purchase and exchange of new currency.

As the development and elimination of the flaws of the Bitcoin system, there were a significant number of thoughts on how to improve it. But the inability to implement these ways to Bitcoin has led to the emergence of new projects.. (Proof-of-Stake (PoS), Multi-Sig Transaction Distribution, Ripple Namecoin). Dedicated to this 2011 year .

2012 year - time of development of infrastructure facilities. The activities of the Bitcoin Company are mainly focused on the development of wallets. There were also browser-wallets with offline storage, paper wallets, and also real. At this time, a new development CryptoNot was published., which features a method of conducting operations. The NXT currency was born with a fundamentally new method, different from Bitcoin

2013 the year is characterized by a radical change in the foundations and features of Bitcoin activities. New technologies gained fame and, as a result, new leaders in the development of cryptographic currencies appeared on the markets.. In addition to bitcoin, at the moment, the highest value among electronic funds is represented by Ethereum, Lightcoin, Namecoin, PPcoin and Primecoi.

Naturally, everyone treats the new type of funds differently, but absolutely understandable, that digital currency at this step is strengthening its position on the Web, and after a while they will find their place in the world economy. Maybe in the future, digital currency will become commonplace for daily life., since services are already being created, and almost all stores accept it as a payment.

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