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 "Currency".

Cryptocurrency.

Cryptocurrency is a virtual money used for buying goods and services. It is not a real money but it will be in virtual form and runs around the internet.

Origin of bitcoin.

Bitcoin is a type of cryptocurrency founded by an unknown person on 2008. It was created by an unknown id named Satoshi Nakamoto. It came to use on 2009 and at the beginning its value is 0$ and in 2010 its value is 0.06 or 2.85. It is used for buying inside the internet. The buyer and receiver information is not valuable for any one. So it is used illegally. Big companies started to use bitcoin. This results in the demand and value of bitcoin.

content: Education