WHAT IS CRYPTO||WHEN IS CRYPTO INVENTED||WHY CRYPTO CURRENCY IS BOOMING|| WHO INVENTED CRYPTO CURRENCY||Ajurscontent

 Hey guys hope everyone is doing well and we were doing well, firstly let me thank each and everyone for supporting our blog by liking, sharing, and commenting on every post, and hope this support will continue long-lasting. When we were noting down the checklist for our content, then union budget information left with awe as with new announcement and Indian authorized digital rupee.  That hooked us to know about cryptocurrency details in-depth and in detail.

WHO INVENTED CRYPTOCURRENCY? WHY CRYPTO IS THE NEXT BIG THING

                          

Well! Everyone knows that today's world is habituated to digital cash, paperless cash and this system makes everyone's work easier and more flexible considering earlier methods of transactions such as multi-layered approvals, time-consuming patterns, and many regulations were considered as roadblocks to seamless transactions. Today new version came into force which a completely out-of-the-box pattern as it doesn't surround to certain hierarchy or government/ organization, CRYPTOCURRENCY. As we studied and researched cryptocurrency we felt two things firstly general information is presented online source wide and everyone was concentrated to explain how to do trading in cryptocurrency and on which category we can earn money through cryptocurrency. secondly, everyone was thriving to earn money through crypto technology but no source was providing stipulated information on the basics of cryptocurrency and how it differs from others.

In the year 1983, the first digital currency was invented by DAVID LEE CHAUM, an American cryptographer who introduced Digicash where the money was received from the bank and provide customers with encrypted keys such that no third party was required for transactions. Later, In 2009 first cryptocurrency was created in the name of BITCOIN which was created by the set of programmers in japan with anyomonous named SATOSHI NAKAMOTO, a fictional character.

                   

 Basically, the very peculiar and unique feature in this cryptocurrency was decentralized regulation, as the name itself explains we can't take over the system under one regulation and it has especially featured that no third party will come to play in this environment we can perform transactions directly and securely. As it stated special features like decentralized and universal acceptance design was introduced then i was grappled with bewilderment as to why can't we infuse technology to present booming technology or update our fintech in these formats, As the question pinned in my mind, our research thrived to know about technology and pattern which was used in cryptocurrency and what made it stupendous in its way.

The technology which was used in the cryptocurrency was blocked chain system and the main motto of introducing cryptocurrency was to avoid and eradicate recessions and inflation impact on the economy which cut downs financially very weak, through recessions many lives became jobless and resulted to inflation on goods and prices where developing countries were shattered back by economically. To avoid these complex situations cryptographical world was invented such as cryptocurrency, NFT and service sector business, etc. In deep-down what stands out was the nature of blockchain and how it works. If we want to know about this history the we should endure through the journey of introduction of blockchain technology and how it infuses to fintech, Satoshi wrote code in blockchain technology where it will generate BITCOIN when we compute mathematically complex problems. 

                          

Lets us discuss some of topics which its origin was created, like blockchain, self explanatory consists of block connected in pattern of chain where each block contains certain information and where we can name it as BITCOIN and these blocks were considered as crypto and its information into it. we still baffled why it was booming as its value is increasing day by day exceptional to some market values losses[subjectary to market], let me explain with an example of platinum and diamonds with rare quality then predominantly it has more value and as it increase interest to get that by that bidding will be started as it is very rare diamond and limited edition precisely bitcoins were limited edition where inventors of bitcoin were designed in such a way that bitcoins contains only 21M BTC[Bitcoins]. These coins should circulate all over us and as population and economy increases everyone desires to get bitcoin. presently 18.1M BTC coins were in use and remaining BTC were in process of getting.We have thought of point where we find this, Bitcoin mining concepts comes into play where persons who were able to tackle and solve complex problems given by the bitcoin will be awarded to 4 BTC , in that manner BTC were added to Bitcoin block chain.

Not only these there were special features in crypto currency where it known as currency tracking, may sounds strange but yes it was true, consider bitcoin currency where sold some of coins to your friend and while handling currency to him you cantrack where it was changing from your friend and what purposes She/he was using that coins.from this feature we can eradicate catostropic actions like smuggling, traffiking, terrorism and many.

Navigating to business trajectory when you sold your coins you can take stake on your coin that means whenever coin will transacted to another individual some percentage of money will directed to your account. Trust me this was an sample example of crypto currency biography and why it was using and where it was generating but there was ample of information yet to come on board. So i would like to break down this chapter in to parts and provide in such a way that you should like short story novelatic experience where you gain knowledge.

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