The History of Bitcoin.
The History of Bitcoin. Before we talk about Bitcoin ,we need to know about the Money exchange. Our ancestors used to exchange things for livelihood. But what they really exchanged? The answer is Gold. Yes ,they used gold for purchasing things , goods , foods and so on...So every people had gold in the pockets and lived in their place. Once they started go for trading to other countries and left their born place robbers were the biggest headache for them. So the people wants to keep their gold safe. In this senario a group of people formed and they said that they will kept the gold safe. In order to gave proof of the gold they gave a piece of paper (Bill). This is the worlds first bank. Now the value of gold is in a piece of paper and they(The small group) have kept the gold safely. On years goes all the gold were stocked in one place and people had only paper bills. Then it became a lifestyle to trade with the bills. Those bills are the one we use now a days "