Cryptocurrency 101: A Beginner's Guide to Bitcoin, Blockchain, and Web3

Cryptocurrency has a rich and fascinating history that dates back to the early 2000s. The concept of digital currency was first introduced by computer scientist Wei Dai in 1998, who proposed the idea of a new form of money that uses cryptography to control its creation and transactions. However, it wasn't until 2009 that the first cryptocurrency, Bitcoin, was created by an unknown person or group of people using a pseudonym Satoshi Nakamoto. Bitcoin revolutionized the world of finance by introducing a decentralized peer-to-peer payment system that operates without the need for a central authority.

Following the success of Bitcoin, a wave of new cryptocurrencies known as altcoins began to emerge.

These alternative coins sought to improve upon the limitations of Bitcoin, such as scalability and transaction speed. One of the most notable altcoins is Ethereum, which introduced the concept of smart contracts and decentralized.