Bitcoin And Its Origin: What Makes It Great

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Bitcoin; the first cryptocurrency to ever be created. Considered to be the gold standard of crypto by many, its introduction in 2009 has forever changed the world of finance. Although still in its infancy, there is plenty of opportunity for growth.

As for now, let us focus on the origin of Bitcoin and what makes it great. In order to accomplish this, three key elements to both Bitcoin and crypto, in general, must be understood. The first of which is the origin of crypto, the second, blockchain technology, and lastly, its progression from the ‘Silk Road.’

Bitcoin’s Origin
Initially created in 2008 by what is presumed to be a group of unknowns using the alias “Satoshi Nakamoto,” Bitcoin was later launched in 2009 to become the world’s first cryptocurrency. Though it is hard to pinpoint Bitcoin’s initial listing price, it started trading in 2010 from $0.0008 to $0.08. It is hard to imagine that a little over a decade later it is currently trading for upwards of $45,000.

Related Reading | What Is Bitcoin? Guide for the Most Popular Cryptocurrency

Despite all of this, Bitcoin’s greatest achievement comes with blockchain technology. It is important to note that all of crypto is reliant on blockchain technology. Without blockchain technology, there would be no crypto. The two must exist in unison if either hopes to function.

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