The Birth, Characteristics, and Problems Solved by Cryptocurrency
1. The birth of cryptocurrency
The birth of cryptocurrency can be traced back to 2008 when a person or team under the pseudonym 'Satoshi Nakamoto' published the Bitcoin white paper, proposing a brand new digital currency - Bitcoin. This concept stemmed from a reflection on the traditional financial system, especially after the 2008 global financial crisis, during which people's trust in banks and financial institutions began to wane. The core idea of Bitcoin is: decentralization and distrust. Through blockchain technology, Bitcoin allows users to transact and store value directly without central institutions or government control.