Is crypto currency will be the future of world.?

Hello guy,Hope you are all fine

Money is the most important thing for the people in the world.Everything in a human life is decided by the money. All essential things starting from food,dress,Education,jobs,even marriage of a person life is all decided by the money.But that money is just a paper.

If you search the net worth of any person for example ellon mask the result will be shown in the form of currency .

Evolution of banking system

But 1500years before ,everything was depended on Gold.All the products were purchased by using gold on those days.There was no problems when people purchased the products locally but once after the arrival of transportation some problems started happening.When people started to travel to purchase from one cities to others, Robbery started happening all over the cities.

To overcome this robbery issue all cities had appointed one mediators in between to save the gold coin of their cities. For example,If a person want buy anything from other cities for 10 gold coin, he will give the gold coins to the mediator.That mediator in reply will give a receipt by acknowledging that he had received 10 gold coin from that person.By carrying that receipt the person will go to other cities and get the gold coin from that city' mediator and will start purchasing the things .

This is how the banking system started and first time one piece of paper got the value.That piece of paper is what we are using as currency now.

The value of currencies are decided by the bank.Bank playing the third party role between the seller and receiver.So if the bank decide they can increase or decrease the value of currency.

The Evolution of Bitcoin

In 2008 October 31st ,One Person known as Satoshi Nakamoto through his mail said that he have designed one electronic based Cash system ,He had said that it is completely a Internet based currency there will be no third parties like bank or government in between the buyers and sellers.Along with it he have mentioned complete design of the crypto currency.

Let us consider we are sending one letter to our friend that letter will go to post office after getting the stamp it will deliver to our friend,this is how current banking system works.But crypto currency is like sending watsup message to our friend there will be no intermediate between the senders and receivers.As he said in the mail within one year Satoshi Nakamoto developed his electronic currency which he named as Bitcoin.Top developers and cryptographer was amazed at the design of Bitcoin,they said it is flawless and safe.So they are all started working on the development of Bitcoin.Then only the name Satoshi Nakamoto became popular among them and they start searching for that person but later on they find that there is no person living in the world with that name it is only a Nick name.

The main interesting fact is that developers who working on Bitcoin will not know each others and also they will not show there identity to the world.On 2009 October the Bitcoin got released in the online market and that time the price of Bitcoin was $1 = 1309 Bitcoin.

The first product brought using the Bitcoin is pizzas ,which was on 2010 by Mr.Laszio from Florida,He had spent around 10000 bit Coins to buy two pizzas worth $41 that time.

The value of Bitcoins was increased as $1= 1BTC when Mt.gox a company in tokyo started the Bitcoin Exchange.

We are all know about wikileaks .The main source of income for wikileaks is through peoples funds.The American government was angry on wikileaks as because they have leaked a document containing 1,50,000 pages describing the mistakes of American government.So they have planned to block the wikileaks website but they couldn't do it legally.So they have blocked the public transaction of wikileaks website.That is were people started searching for the alternative way to donate the money to their favourite wikileaks, the solution they have found for it was Bitcoin.People started purchasing Bitcoin and then they have donated it to the wikileaks website.This increased the popularity of bitcoin and their value increased as 1BTC = 22$.

Today the price of 1BTC = 34,588$

World 2nd Richest person Elon Musk had said in the recent interview that he is believing the future world will be run in crypto currency .

So Crypto Currency has to be a best option for investment today.