Bitcoin and Ethereum are the most popular cryptocurrencies in the world today. Created from blockchain technology, both cryptos have greatly contributed to the growth of the industry more than any of the over 12,000 cryptocurrencies in the world today.

Bitcoin has the highest market value, and Ethereum follows as the second most valuable crypto.

However, apart from the attention paid to their weight, not so much attention is paid to the history of these cryptos. We hope this article will reveal a bit of their story.

Let’s get into it.

Bitcoin: A Short History of the First Cryptocurrency

In October 2008, the name Satoshi Nakamoto appeared on a white paper proposing the Bitcoin cryptocurrency. It wasn’t until January 2009 that Nakamoto mined the first block of the chain, effectively creating the first cryptocurrency called Bitcoin.

Bitcoin was created as a replacement for regular currencies, also called fiat. It offered decentralized solutions, peer-to-peer transactions, security, and anonymity for users. You also didn’t have to pay high transaction fees as is the case with fiat currency.

The first commercial transaction occurred in 2010 when Jeremy Sturdivant sold two Papa John’s pizzas to Laszlo Hanyecz for 10,000 Bitcoins. What a haul that could have been if either of them had kept the bitcoins.

Bitcoin remains the most valuable crypto despite its volatility. BTC currently has a market cap of about $380 billion and trades at around $19,700. This is despite the huge 57% regression the crypto experienced.

To date, Satoshi Nakamoto’s identity remains a mystery. But the pseudonym is largely assumed to belong to an individual or group of persons.

A Brief History of Ethereum

Vitalik Buterin, a programmer who previously had a great interest in Bitcoin, conceived the idea of Ethereum in 2013. He published an introductory paper to create a programmable platform from which anyone can deploy permanent and decentralized applications (dApps).

The concept was created by improving on the idea of blockchain and Bitcoin, which he claimed was too functionally limited.

In January of 2014, Ether (ETH) was announced at the North American Bitcoin Conference in Miami and put on sale for the first time in the same year. However, it wasn’t until 2015 that the blockchain was launched into the public market.

Since its launch in 2015, Ethereum has continued to evolve as a concept to make it more scalable and environmentally sound.

ETH currently has a market capitalization of about $170 billion and is trading at around $1,400.

Wrapping it All Up

Bitcoin and Ethereum remain the industry’s largest cryptocurrencies. Over the years, both networks have made increasing improvements, and the number of investors has now grown to a teeming population.

It may be difficult to predict the future of these coins, especially with the current plunge in the market. However, if there’s any future for crypto (which we believe there is), Bitcoin and Ethereum look like they’ll be part of it.

New to trading? Try crypto trading bots or copy trading

Bitcoin and Ethereum are the most popular cryptocurrencies in the world today. Created from blockchain technology, both cryptos have greatly contributed to the growth of the industry more than any of the over 12,000 cryptocurrencies in the world today.

Bitcoin has the highest market value, and Ethereum follows as the second most valuable crypto.

However, apart from the attention paid to their weight, not so much attention is paid to the history of these cryptos. We hope this article will reveal a bit of their story.

Let’s get into it.

Bitcoin: A Short History of the First Cryptocurrency

In October 2008, the name Satoshi Nakamoto appeared on a white paper proposing the Bitcoin cryptocurrency. It wasn’t until January 2009 that Nakamoto mined the first block of the chain, effectively creating the first cryptocurrency called Bitcoin.

Bitcoin was created as a replacement for regular currencies, also called fiat. It offered decentralized solutions, peer-to-peer transactions, security, and anonymity for users. You also didn’t have to pay high transaction fees as is the case with fiat currency.

The first commercial transaction occurred in 2010 when Jeremy Sturdivant sold two Papa John’s pizzas to Laszlo Hanyecz for 10,000 Bitcoins. What a haul that could have been if either of them had kept the bitcoins.

Bitcoin remains the most valuable crypto despite its volatility. BTC currently has a market cap of about $380 billion and trades at around $19,700. This is despite the huge 57% regression the crypto experienced.

To date, Satoshi Nakamoto’s identity remains a mystery. But the pseudonym is largely assumed to belong to an individual or group of persons.

A Brief History of Ethereum

Vitalik Buterin, a programmer who previously had a great interest in Bitcoin, conceived the idea of Ethereum in 2013. He published an introductory paper to create a programmable platform from which anyone can deploy permanent and decentralized applications (dApps).

The concept was created by improving on the idea of blockchain and Bitcoin, which he claimed was too functionally limited.

In January of 2014, Ether (ETH) was announced at the North American Bitcoin Conference in Miami and put on sale for the first time in the same year. However, it wasn’t until 2015 that the blockchain was launched into the public market.

Since its launch in 2015, Ethereum has continued to evolve as a concept to make it more scalable and environmentally sound.

ETH currently has a market capitalization of about $170 billion and is trading at around $1,400.

Wrapping it All Up

Bitcoin and Ethereum remain the industry’s largest cryptocurrencies. Over the years, both networks have made increasing improvements, and the number of investors has now grown to a teeming population.

It may be difficult to predict the future of these coins, especially with the current plunge in the market. However, if there’s any future for crypto (which we believe there is), Bitcoin and Ethereum look like they’ll be part of it.

New to trading? Try crypto trading bots or copy trading