Kriptopara Tarihçe

Introduction to Crypto Currencies

• Crypto currencies are existed since 1980s.

• First versions of crypto currencies were centralized.

• Until the proposal of Nakamoto (2008), crypto currencies didn’t become popular.

•Nakamoto (2008) proposes a novel approach to the byzantine generals problem in decentralized crypto currencies and invented bitcoin.

• This approach paved the way for other crypto currencies.


Significance of Crypto Currencies

• It cuts out the need for a third party in exchanges and protects wealth against exchange controls or capital controls.

• It makes a transaction to be highly non-disclosure or anonymous which appeals to consumers who prefers non-disclosure and privacy.

• It encourages exchanges free of regulatory meddling and promotes what is referred to as low-cost banking because it can be done anywhere as long as the consumer has access to a cellphone.

Current Developments in the Crypto World

• Today, there are thousands of crypto currencies in the market.

• Even though bitcoin is the largest crypto currency in terms of market cap, there are many problems of Bitcoin.

• Other important crypto currencies try to improve

Bitcoin in a number of ways such as: • Privacy • Software • Speed