Bitget App
common_footer.down_desc
common_header.buy_cryptocommon_header.marketscommon_header.tradecommon_header.futurescommon_header.social_tradingcommon_header.grid_tradingcommon_header.earn
Kingdomverse

coin.price_trendingKING

focusIcon
subscribe
coin.quote_currency:
USD

coin.calculator

coin.calculator_tips
KING
VectorImg
USD
1 KING = 0.0002656 USD
coin.update_time(UTC-0)
coin.buy_coin

technical.price_summary.title

coin.price_live_data

technical.price_summary.p1

technical.price_summary.a1

technical.price_summary.p2

technical.price_summary.a2
profit_calculator.calculate_tokenname_profit

coin.prediction

technical.price_summary.p3

technical.price_summary.a3_1
technical.price_summary.a3_2
technical.price_summary.a3_2
technical.price_summary.a3_2

coin.prediction_question

price_predict.text_introduce

coin.prediction_question

price_predict.prediction_content

rating.title_new

rating.from
4.6
rating.person
rating.des

coin.about_title

The Historical Significance and Key Features of Cryptocurrencies

One of the most revolutionary inventions of the 21st century that has fueled the transformation of traditional financial systems and challenged the concept of money is undoubtedly cryptocurrency. A cryptocurrency is a digital or virtual form of currency that uses cryptography for security. Conducting transactions on the blockchain">blockchain technology, cryptocurrencies provide decentralization, transparency, and immutability, fundamentally altering the way financial systems work.

Historical Significance of Cryptocurrencies

The inception of cryptocurrencies can be traced back to 2008, when an anonymous person or group known as Satoshi Nakamoto announced the launch of Bitcoin. This was not merely the introduction of a new form of currency, but a ground-breaking technology framework - the blockchain.

Bitcoin emerged in the backdrop of the 2008 financial crisis, challenging traditional banking systems and creating a decentralized financial system. Cryptocurrencies are not tied to any particular country or central bank. The new digital assets represented an opportunity for people to take control of their money without intermediated financial systems.

Over the years, thousands of cryptocurrencies have emerged, each with its supporting technology, unique features, and intended uses.

Key Features of Cryptocurrencies

Decentralization

Unlike traditional financial systems where central banks control money supply, cryptocurrencies operate on decentralized platforms.

Security

Cryptocurrencies use cryptographic techniques to secure transactions and control the creation of new units. Bitcoin, for example, uses a hard-to-crack mathematical puzzle known as proof of work.

Anonymity

Users can hold multiple cryptocurrency addresses not linked to names, addresses, or other personal information. However, it's worth noting that this doesn't make cryptocurrencies entirely anonymous – they are pseudonymous, with both advantages and potential disadvantages in terms of privacy.

Limited Supply

Most cryptocurrencies have a capped limit on the number of coins that can ever exist. For instance, Bitcoin's supply is capped at 21 million coins.

Divisibility

Cryptocurrencies can be divided into smaller units; for instance, the smallest unit of Bitcoin is known as a 'satoshi.'

Conclusion

The development and adoption of cryptocurrencies represent a significant milestone in the digital revolution. These digital assets have shown the world a new way of executing transactions, storing value, and transferring assets.

As is the nature of disruptive innovation, cryptocurrencies continue to face regulatory challenges and adoption hurdles. The more they become integrated into our daily lives, the more these challenges are likely to intensify. However, the historical significance of cryptocurrencies is undeniable – they have changed the monetary landscape forever, and their influence is likely to shape the future of finance.

technical.performance.title

coin.24Hcoin.7dayscoin.30dayscoin.90dayscalculator.common.one_yearcoin_market.all_time
-49.87%-57.89%-27.64%-49.57%-71.75%-98.73%

technical.history.title

technical.history.coin_code_price
coin_market.timecoin.lowcoin.high
24h$0.0001951$0.0005367
7d$0.0001951$0.0006560
30d$0.0001951$0.0009990
90d$0.0001951$0.0009990
1y$0.0001951$0.008015
coin_market.all_time$0.0001951(2024-10-31, coin_market.today )$0.05997(2023-02-11, coin_market.years_ago )

coin.market_info

coin_market.cap
$229,716.94
-49.87%
coin_market.fully_cap
$265,619.9
-49.87%
coin_market.volume_24h
$103,850.78
+1366.77%
coin_market.market_raking
coin_market.circula_rate
+86.00%
coin_market.volume_cap
0.452
coin_market.circula_supply
864,833,340 KING
coin_market.total_max_supply
1,000,000,000 KING
1,000,000,000 KING
calculator.faq_btn

coin.how_to_buy

calculator.htb.step1_title

calculator.htb.step1_title

calculator.htb.step1_des
calculator.htb.step2_title

calculator.htb.step2_title

calculator.htb.step2_des
calculator.htb.step4_title

calculator.htb.step4_title

calculator.htb.step4_des

coin.excellent_traders.title

coin.excellent_traders.p

faq.name

faq.one

faq.one_answer_new

faq.two

faq.two_answer

faq.third

faq.third_answer

faq.fourth

faq.fourth_answer

seo_faq.qustion1

seo_faq.answer1

seo_faq.qustion2

seo_faq.answer2

coin_price.buy_coin_title

coin_price.buy_coin_title_app
coin_price.buy_coin_guidance
google download badgeios download badge
coin_price.trade_bg_exchange
coin_price.trade_bg_exchange_guidance

video_section.h2_title

play cover
video_section.right_title
1. video_section.description1
2. video_section.description2
3. video_section.description3
4. video_section.description4
5. video_section.description5
6. video_section.description6
7. video_section.description7
faq.des