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The Journey of Cryptocurrency This article talks about the journey of cryptocurrencies and their potential. Blockchain and Cryptocurrency have traveled an uncertain path to worldwide popularity. Many people are showing interest in the blockchain technology development even if they were not investing in cryptocurrencies.
1st phase The US subprime mortgage crisis was a banking emergency that affected the world economy. To prevent any such kind of event from happening again, Mr. Satoshi Nakamoto (real name not known) created a decentralized virtual currency called Bitcoin. And bitcoin is backed by blockchain technology which is transparent, unalterable, and eliminated from third parties like bank, government and any financial institution from the transaction process. Initially, it served as a payment medium. This publicly verifiable virtual money gradually became popular among the IT developers. Eventually, innovation of other new cryptocurrency started flowing which helped to engage a broader audience.