Here Is How Bitcoin Evolved Over TimeFrom paper currency to credit cards to the newest trend — cryptocurrency, the way we transact has changed overtime. One major factor in this and the most common cryptocurrency is Bitcoin. Introduced as a peer-to-peer electronic cash system in 2008, Bitcoin has evolved from being just a niche method of maintaining liquidity to being mainstreamed as an investment opportunity.
Bitcoin isn’t an electronic denomination of the money in your account, it is currency in itself. Trading a Bitcoin for money is like trading a dollar for a pound. In fact, it is currently the most volatile currency in the world with sharp changes in value every day. Yet, it represents an exciting investment opportunity — Bitcoin prices recently skyrocketed and surged past $1,800, which is way more than $0.008 introductory price. It also means that someone who invested in a single Bitcoin in 2008, might end up making more money than someone who invested in a single share in the world’s most valued company, Apple in 2002.
Bitcoin started in 2008 when Neal Kin, Vladimir Oksman and Charles Bry, its founders filed a patent for an encrypted currency. They described it as a “system for electronic transactions without relying on trust.” They also registered the Bitcoin.org domain anonymously.
https://bitcoinwarrior.net/2017/06/here-is-how-bitcoin-evolved-over-time-2/
