WRITER’S VOICE

FINANCIAL LITERACY A NEW

INITIATIVE OF WRITER’S VOICE.
Contents
1. Origin
2. Anonymous founder
3. Blockchain technology
4. Crypto forms
5. Legalisation
Origin of crypto.
● In 1983, the American cryptographer David Chaum conceived an anonymous
cryptographic electronic money called ecash.

MILESTONES OF CRYPTO:
1998 - Wei Dai published a description of "b-money", characterized as an
anonymous, distributed electronic cash system.

2009 - the first decentralized cryptocurrency, Bitcoin, was created.

2021(june) - El Salvador became the first country to accept Bitcoin as legal

tender.

2021(september)- the government of China, the single largest market for

cryptocurrency, declared all cryptocurrency transactions illegal
Anonymous founder

● Satoshi Nakamoto was started writing code for well known Bitcoin
.
● On 9 January 2009, Nakamoto released version 0.1 of the bitcoin
software
.
● launched the network by defining the genesis block of bitcoin

First genesis block

(starting block).
Reward of 50 coins.
Blockchain technology
● Blockchains store data in blocks that are then linked together via cryptography.

● As new data comes in, it is entered into a fresh block. Once the block is filled with
data, it is chained onto the previous block.

● Different types of information can be stored on a blockchain

● In Bitcoin’s case, blockchain is used in a decentralized way so that no single person

or group has control—rather, all users collectively retain control
.
● Decentralized blockchains are immutable, which means that the data entered is
irreversible.
Why blockchain is “UNHACKABLE”
Different forms of cryptos

● Financial forms
● Immutable transactions
● Timestamps
● Financial alignment
Countries where crypto is legal Countries where crypto is illegal

● Morocco ● Algeria
● Nigeria ● Bolivia
● Namibia ● Ecuador
● South Africa ● Bangladesh
● Zimbabwe ● Nepal
● Canada (banned by banks) ● Macedonia
● Mexico
● United States
● Costa Rica
● Nicaragua