Few quick points about the history of cryptocurrency

Cryptocurrency has been one of those trends that everyone wants to try. There are various ICOs now offering different digital coins and there are various global businesses allowing payments through cryptocurrencies. With so much happening in this realm it makes perfect sense to get to the beginning of everything.

From the time a paper on electronic cash system was published to the time where there are bots taking care of the finances and the trading activities, we have come a long way. If you are looking for a reliable source of information about trading bots and crypto trading systems here is a website that would help. Check it out to start trading in cryptocurrencies today.

The precursors

The concept of virtual currencies is not new to us. In facts several businesses have adopted virtual payment methods for decades. We have seen the paperless cash system idea floating around for years. And all these were looked at with scepticism because an asset that is not tangible has inherent security issues. Addressing such vulnerabilities came the system of digital currencies backed by strong cryptography and we call it the cryptocurrencies.

The paper that marked the beginning

Satoshi Nakamoto submitted a paper titled, “Bitcoin: A Peer-to-Peer Electronic Cash System” way back in 2008. The real identity of Satoshi Nakamato is an unresolved mystery till date. As a paper it was admired by critics but then not many were sure about the feasibility of the large scale implementation of such a system. But then in 2009 bitcoin was introduced. By 2010 there were a few transactions that took place. People bought bitcoins and sold them successfully.

Two years down the line the competition began

Rapidly growing, the bitcoins became popular around the world. And in 2011 we saw the introduction of new cryptocurrencies. And this in turn kindled the curiosity of the investors looking for new options. And today there are thousands of different types of digital coins in the market and thus it has led to a lucrative trading system in itself.

Crypto trading bots have changed the game!

Finally the era of automated trading systems began. And this did not leave the crypto trading system untouched. Trading bots and CFD systems that help new crypto traders are available in the market. And there are so many of them to choose from. Given that this has also led to the increase in scams take your pick with caution.