Cryptocurrency Course
Cryptocurrency Trading Course for Beginners
Welcome to our free course on “Cryptocurrencies”. This course will teach you the basics of cryptocurrencies, explain the idea of blockchain, the mining process, how to trade, and explain the idea of investing and trading in the cryptocurrency market.
This course aims to simplify the idea of cryptocurrency! Sit back, relax and enjoy reading about the creation of cryptocurrencies.
(1) The emergence of digital currencies
Let's take a look at the pioneers of this technology and its history.
pre bitcoin
The origins of digital currencies date back to 1980 when David Chaum founded DigiCash in the Netherlands.
What concerned David most was the lack of privacy protection on online payment sites, as well as the ease of obtaining credit card information and personal information, as they were not sufficiently protected, which prompted him to work on a new type of technology to obtain something that would prevent banks or governments from hacking online payment.
Despite his success in creating this technology, the lack of adopters and supporters of the company led to its bankruptcy declaration in 1998.
That was the end of the company; but it was not the end of the basic idea of increasing privacy and security. In the same year, Nick Szabo, the cryptographer, invented BitGold, which was followed by Bitcoin and then the rapid spread of cryptography.
The origin of Bitcoin
In 2008, Satoshi Natomoku, the pseudonym of an unknown person or group of people, outlined the entire outline of Bitcoin in a newspaper.
You can read that article here:
It didn't take long between the publication of that newspaper and the emergence of Bitcoin, which was launched to the public in 2009.
This experiment was not without its flaws; due to the old technology, a technical problem was encountered that made it difficult to know whether a person had used his money or not, meaning that - theoretically - the same money could be used twice. Satoshi was the first to solve this problem.
The problem of cryptocurrency counterfeiting was already a serious one before Satoshi's article, as it was much cheaper to counterfeit cryptocurrencies than to counterfeit real money paper or coins.
So overcoming this problem was a great success for Bitcoin and its future, and since then and over the next nine years more than 1500 codes have appeared, all different, even the fake codes are different. "Share your voice now and make your impact clear!"
Finally, it should be noted that the codes may differ from each other according to changing factors, but they all share three main pillars that are the cornerstone that we must analyze to understand the encryption.
