The emergence of cryptocurrencies. Bitcoin.

[bisseranast]

In 2008, the first cryptocurrency, Bitcoin, began to develop. The concept of a decentralized payment network that he proposed is so different from the old solutions that it will take some time to improve and unleash its potential. All other innovations, such as electricity, cars, airplanes, mobile communications, the Internet, etc., have similarly adapted for mass use. Freedom of movement, communication, etc., which until recently seemed like a fantasy, today have become a reality, directly or indirectly improving the life of everyone. The main value of cryptocurrencies is that they provide another degree of freedom - freedom of personal finance. The widespread adoption of this technology will lead to a series of significant changes in many areas.

Omitting the technical details, Bitcoin can be described as an electronic payment system that uses its own limited emission currency (a diminishing production model like gold) and operates through its secure, decentralized network.

[Melissa Arres]

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