Basics of Crypto-Currency and Bitcoin

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 Most of you already know about Bitcoin, a crypto-currency worth thousands of dollars, which has made people rich and has been founded by an anonymous figure named Satoshi Nakamoto. But what is Bitcoin and Crypto-currency actually?
 Crypto-currency is basically virtual money which you can exchange among people. It gets its name from cryptography, which is just a method to secure financial transactions on the currency. To make things simpler, we know that every country has its own currency. For example, the US has the Dollar, India has the Rupee, and China has the Yuan. Just like that, imagine another country, which is the internet, which has its own currency called Crypto-currency. And in Crypto-currency, there are many different types as well, which all work together to do one thing, which is exchanging money among people.
 As mentioned before, Bitcoin is a crypto-currency created by Satoshi Nakamoto, an anonymous figure, whose Crypto-currency made other digital currencies possible. Bitcoin was first released in October of 2008. Unlike other Cryptocurrencies at the time, it was successful due to Satoshi Nakamoto finding an idea to solve some problems that did not allow other Crypto-currencies to exist. After suffering some major drawbacks from 2010-2013, it finally emerged as a clear player in the Crypto-currency market. At this point in time, many other Crypto-currencies also emerged, such as Name-coin and Lite-coin. And in 2017, Bitcoin gained an all time high of $19,783.06 on December 17.  Bitcoin isn't the only Crypto-currency, in-fact currently, there are over 1500 Crypto-currencies in the market. Only a few of them actually are currencies you should invest in. In this site, we'll talk about which Crypto-currency you should invest in and why.