Since its release: BITCOIN
Bitcoin has attracted great interest since its release. With this interest in crypto currencies, governments are expected to start using digital currencies and blockchain-like infrastructures. Let's take a look at the transformations Bitcoin has experienced since its first day
Conversion of money to digital
Blockchain technology was transformed by Bitcoin in 2009 by someone or someone named Satoshi Nakamoto. The first Bitcoin transfer took place in January 2009. The value of Bitcoin in 2010 was $ 0.07. Until 2011, it was traded at a maximum of $ 1.
Bitcoin revolution started!
In 2012, Bitcoin reached $ 13. In 2013, it rose to $ 266. The value of Bitcoin on the global market was 70 cents, but two years later it surpassed $ 500. Those who invested in Bitcoin were happy. But the shock of those who do not invest has increased every day. Thus, the Bitcoin revolution began with increases of up to 700%.
Bitcoin's growing market graph
In 2016, Bitcoin reached $ 960. It started 2017 with 960 dollars. During the year, however, the performance graph has reached up to 20 thousand dollars. Since Bitcoin is in high demand, transaction fees have started to increase. However, the decline in transaction speed was deemed negative. As a result, people began to turn to alternative crypto currencies.
Ongoing conversion of money
Today, it is known that developed countries reduce the use of paper money. Expenditures have generally been moved to digital media. In this respect, money loses its physical value and gains virtual value. As digital money production was so popular, it had an impact on the economies and currencies of nation-states. With the transformation of money, nation states are expected to have databases and bitcoin-like currencies similar to blockchain technology in the near future. Japan, Russia, Germany and the Netherlands have started to invest in such technology.