There are so many people that are just now hearing about cryptocurrencies. The history of crypto coins and the people behind them is a story that’s been unfolding in front of our eyes for years. It may seem like they just popped up out of nowhere, but this is far from the truth. Bitcoin, for example, was first created in 2009 and has been around for over 10 years at this point. Let’s explore the history of crypto coins and the people behind them.
how to create a crypto coin
A crypto coin is a digital asset that uses cryptography to secure its transactions and to control the creation of new units. There are a few different ways to create a crypto coin. One way is to create a new blockchain. Another way is to use an existing blockchain and create a new cryptocurrency on top of it. The most common method is to fork an existing cryptocurrency.
Bitcoin – the first and most well-known cryptocurrency
Bitcoin is a cryptocurrency and a payment system, first proposed by an anonymous person or group of people under the name Satoshi Nakamoto in 2008. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.
Ethereum – created in 2015, Ether is used to pay for transactions on the Ethereum network
Ether is a cryptocurrency similar to Bitcoin. It was created in 2015 by Vitalik Buterin. Ether is used to pay for transactions on the Ethereum network. These transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Ethereum is different from Bitcoin in that it can be used to build decentralized applications.
Litecoin – created in 2011 as a “silver” to Bitcoin’s “gold”, Litecoin is designed to be faster and more scalable than Bitcoin
Litecoin is a cryptocurrency that was created in 2011. It is designed to be faster and more scalable than Bitcoin. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Litecoin is unique in that there are a finite number of them: 84 million.
Ripple – founded in 2012, Ripple is unique in that it does not use a blockchain but instead relies on a distributed ledger system known as consensus protocol
Ripple is a San Francisco-based technology company founded in 2012. It is unique in that it does not use a blockchain but instead relies on a distributed ledger system known as consensus protocol. This system allows for faster transaction speeds and allows for the removal of third parties such as banks. Ripple has partnerships with over 100 companies, including American Express and Santander.
Dogecoin – based on the meme of a Shiba Inu dog, Dogecoin was created as a joke but has since become one of the most popular cryptocurrencies
Dogecoin is a cryptocurrency that was created in 2013. It is based on the meme of a Shiba Inu dog. Dogecoin is unique in that there are a finite number of them: 100 billion. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Dogecoin is often used to tip people for content or services.
Monero – launched in 2014, Monero is focused on privacy and security features
Monero is a cryptocurrency that was launched in 2014. It is focused on privacy and security features. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Monero is unique in that it is the only cryptocurrency that offers complete privacy.