In the grand scheme of things, cryptocurrency has been around for the blink of an eye. The story of Bitcoin starts with the global financial crisis of 2008 and an anonymous programmer called Satoshi Nakamoto, who decided that it was possible to build a better financial system. Satoshi and his loyal band of followers attempted the impossible and decided to try and growth hack a global currency from nothing. Bitcoin was born and two important principles at its heart:
- Would we make digital cash that lives on a decentralized blockchain? Satoshi’s idea was that these coins should have a finite supply (unlike fiat currency) and be tradable.
- The second principle governing Bitcoin is that it should enable people to transact value between each other without the need for a third party, such as a bank.
Since it’s inception, Bitcoin has come a long way and is now widely recognized around the world. However, the path to this success has been riddled with both achievements and setbacks. This infographic by totalcrypto.io shows you the highs and lows of Bitcoin’s rise to prominence. This journey will also feature prominent altcoins that Bitcoin gave birth too.