Bitcoin and Ethereum are of no use! It is not used anywhere, it is a gamble, it is a bubble that will burst anytime and people will find you while doing many similar things.
Everyone in the crypto market today who has a little knowledge of crypto He is leaving his coin and when he is asked why he made this coin or token and what is it used or will be, he says what is the use of bitcoin and Ethereum? Nothing, it is useful for trade, that's all.
Let us talk in depth on this subject and see if there is no use of Bitcoin and Ethereum in the true sense?
When Bitcoin was launched in 2009 and its white paper was created, it was written at the top of it, Peer to Peer Electronic Cash System. Then Satoshi Nakamoto created the first block of Bitcoin in January 2009 and pulled out 50 Bitcoin Rewards. And on January 12, Hal Finney was the first person to be the first to transfer bitcoins. Now the question is why this transaction was done.
Bitcoin is made from a mixture of many technologies and it is possible that Finny has been given the initial bitcoin in exchange for using his technique to create bitcoin. Here begins the story of using bitcoin because we have someone There are two main reasons to pay money - first when we buy a product from someone and second when we buy someone's service. So the first bitcoin that was given to Finny was to use their service or the technology they created For.
On 17 March 2010,
http://bitcoinMarke.com became the first crypto exchange where bitcoin could be bought and sold. Just five days later, on 22 May 2010, Laszlo Hanyecz became the first person to buy 10,000 in exchange for a pizza Bitcoin is given, which is celebrated every year as Bitcoin Pizza Day.
Vitalik Buterin, known today as the founder of Ethereum, when he learned and understood about Bitcoin, met a person on the Bitcoin chat forum who asked Vitalik to write a blog about bitcoin on his website and instead Vitalik used to get 5 bitcoins, ie the price that was being offered in lieu of service was in bitcoin. Meanwhile, many exchanges of bitcoins started where bitcoins could be traded. Today there are 320 crypto exchange lists on the coin market cap.
And there are so many exchanges that are not listed here yet. The total volume of the coin market cap is $ 324,436,484,406 as on date and all this is only using bitcoin. If we talk about the market cap of bitcoin, then it 190,285,321,987 which is more than the share market of many countries.
It is not just about trading on the exchange, if you talk about the use, then you can also withdraw currency from Bitcoin through ATMs in many countries. Thousands of Bitcoin machines have started in the world.
Through Coca-Cola Amatil's network, you can buy Coca-Cola by paying bitcoin through 2000 machines in Australia and New Zealand. Companies that provide a lot of blockchain and crypto services to their employees for payment of bitcoin or other trades crypto She is giving Crypto Media and Crypto YouTuber are also taking money for articles or videos for any company in crypto itself, with Bitcoin and Ethereum topping it.
Talking about ether, Vitalik built Ethereum's blockchain to overcome some of the drawbacks of bitcoin's blockchain where transactions are faster and more can be done via smart contracts. After using this blockchain Anyone can make their own token. If just talking about Ethereum, it is the first number alt coin on the coin market cap with a market cap of $ 36,766,727,254. To trade on any crypto exchange, there would be a pair of Ethereum as well as Bitcoin.
Today, trillion rupees of financial institutions are engaged in the crypto market. Ethereum's blockchain is the number one most used in the market today. After the smart contract, Defi is now a new product in the crypto market and almost all DeFi projects are using Ethereum's blockchain. In terms of usage, Bitcoin and Ethereum are the first choice of every crypto investor as an investment.
Today if you talk about the country of India, after trading in crypto people are making a living. Cities like Bangalore, Poona, Hyderabad, Gurugram and Noida have become the main attraction for building and servicing blockchain and crypto projects. Here, the children who have passed from IT are working on the package of millions every month and they are also given salary in crypto.
In the coming time, as people come to know about this technology, the use of crypto will continue to increase. You will remember that when the computer was launched, people were very uncomfortable and skeptical about it. Likewise, there was a lot of difficulty before taking online registration and shopping. Can you imagine your life without a computer today? Huh? Something similar is happening with crypto and soon all of you will be ready for it.
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