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HISTORY OF CRYPTOCURRENCY

The fact that the concept of Cryptocurrency or digital currency have been in existence since the early 90s have not been emphasized enough. A number of folks tend to believe that cryptocurrency technology originated with Japan just a few years ago but that is not factual.

The origin of criptocurrency actually begin in 1993 when David Chaum, an american cryptographer presented the idea of a digital money known a ecash which he later implemented 2 years later through what is known as Digicash. Other developments followed in 1998 when Wei Dai did a publication on cryptocurrency which he termed 'b-money', which would be distributed electronic cash system.

Then came the giant step in 2009 when the first cryptocurrency, bitcoin was created by someone known by the pseudonym, Satoshi Nakamoto. Since then there has been a surge in the value and acceptance of cryptocurrency. There has also been development of other cryptocurrencies in the last few years.


 
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