Bitcoin and cryptocurrencies in general are really hitting the headlines at the moment, with people all over the globe hoping to invest and get their hands on some of this digital currency. Although the concept of cryptocurrencies is relatively new, they have actually been around for a while now, existing since 2009.
Although the Bitcoin was the first fully formed cryptocurrency, there were various attempts to create it before that. For example, B-Money and Bit-Gold were both predecessors to Bitcoin, although neither was ever fully developed.
In 2008, a Bitcoin-related whitepaper, “A Peer to Peer Electronic Cash System,” was posted by someone calling themselves Satoshi Nakamoto, whose real identity is still unknown. In this whitepaper, Bitcoin truly began in 2009. Seeing as we don’t know the true identity of its creator, it is difficult to know just how wealthy that creator is today.
In 2011, rival cryptocurrencies began to emerge on the market, the first of which was Litecoin, closely followed by Namecoin and Swiftcoin.
Two big players in the cryptocurrency game who actually didn’t earn their fortune through Bitcoin are Chris Larsen and Changpeng Zhao, both of whom rank in the world’s billionaires. Rather than Bitcoin, they have made fortune through the larger and more rapidly expanding ecosystem of cryptocurrencies.
Chris Larsen is the co-founder and former CEO of the cryptocurrency Ripple, a network that was created with the aim of making global transactions easier and cheaper. He is also the CEO and co-founder of the brands Prosper and E-Loan. The research team at BitFortune.net claims that Larsen owns 5.19 billion Ripple and has a 17% stake in his company, so it is no wonder he is one of the richest persons in the world.
Changpeng Zhao, on the other hand, is the CEO of the cryptocurrency exchange known as Binance. At the moment, this exchange is extremely popular, becoming the largest exchange of its kind in just 180 days of existence.
In 2013 he first heard of Bitcoin, and it is this that opened a window into his future. Binance stands out from its competitors as it is extremely fast, processing up to 14 million transactions every second.
These are just two of the many people who made fortune through the cryptocurrency market, and it is not looking likely that this trend it slowing down any time soon.
Cryptocurrency attacks continue to increase
Despite the improvement of cryptocurrency platforms and exchanges, the industry is not foolproof. In fact, more attacks are happening as...
Stoking the fire: A brief history of Kevin Durant and Draymond Green’s feud
Durant and Green’s recent locker room feud is currently one of the biggest stories in the NBA, but where did...
4 strange trading theories to know about
Following volatile markets has its intricacies, but there are trading theories that may seem out of this world. Here’s a...
For the cannabis industry, big data is the new gold
To make good use of data is never easy, and the challenge can be overwhelming when dealing with big data.
Institutional investors finally step into cryptocurrency market
The cryptocurrency gets a newfound strength thanks to the entry of institutional investors. Will the market gain new footing?
Sponsored2 days ago
Harbinger Research Labels PotNetwork a ‘Strong Speculative Buy’
Featured3 days ago
Business MOOCs: Where to learn and their impact in one’s career
Featured2 days ago
World leaders and their famous animal companions
Agriculture3 days ago
Cage-free eggs vs regular eggs: Which is better?
Featured5 days ago
What to emulate in Apple’s business and workplace management
Business2 days ago
Tips on how to smartly use credit cards overseas
Featured4 days ago
Retirement planning: What to know about the current distribution phase
Business3 days ago
Why big data is a game changer for the real estate industry?