Spread the word.

Share the link on social media.

Share
  • Facebook
Have an account? Sign In Now

Sign Up

Sign Up to our social questions and Answers Engine to ask questions, answer peopleโ€™s questions, and connect with other people.

Have an account? Sign In
Continue with Google
Continue with X
or use

Browse

Have an account? Sign In Now

Sign In

Login to our social questions & Answers Engine to ask questions answer peopleโ€™s questions & connect with other people.

Sign Up Here
Continue with Google
Continue with X
or use

Forgot Password?

Don't have account, Sign Up Here

Forgot Password

Lost your password? Please enter your email address. You will receive a link and will create a new password via email.


Have an account? Sign In Now

You must login to ask a question.

Continue with Google
Continue with X
or use

Forgot Password?

Need An Account, Sign Up Here

Please briefly explain why you feel this question should be reported.

Please briefly explain why you feel this answer should be reported.

Please briefly explain why you feel this user should be reported.

Sign InSign Up

Shiraverse

Shiraverse Logo Shiraverse Logo

Shiraverse Navigation

  • Shiraverse
  • About Us
  • Blog
  • Contact Us
Search
Ask A Question

Mobile menu

Close
Ask A Question
  • Shiraverse
  • Add group
  • Groups
  • Communities
  • Questions
    • New Questions
    • Trending Questions
    • Must read Questions
    • Hot Questions
  • Polls
  • Tags
  • Badges
  • Users
  • Help
Home/Questions/Q 405
Next
In Process

Shiraverse Latest Questions

Raju Kumar
Raju Kumar
Asked: 1 year ago2024-03-26T20:59:04+05:30 2024-03-26T20:59:04+05:30In: Cryptocurrency, Learn

Why cryptocurrency was created?

Why cryptocurrency was created?
Cryptocurrency
  • 0
  • 0
  • 1 1 Answer
  • 6 Views
  • 0 Followers
  • 0
Share
  • Facebook

    Related Questions

    • Which is better, ByBit or Phemex?
    • Is it possible to recover lost money from crypto trading platforms such as BitMex and Bybit?
    • Which is the best NFT marketplace, Bybit, WazirX, or Binance?
    • What is the process for transferring cryptocurrency from Bybit to Coinbase Pro?
    • What can be done to improve the security of cryptocurrency exchanges like Bybit?

    Leave an answer
    Cancel reply

    You must login to add an answer.

    Continue with Google
    Continue with X
    or use

    Forgot Password?

    Need An Account, Sign Up Here
    Continue with Google
    Continue with X

    1 Answer

    • Voted
    • Oldest
    • Recent
    • Random
    1. Cryptocurrency
      Cryptocurrency
      2025-01-31T15:49:24+05:30Added an answer about 5 months ago

      Cryptocurrency was created after the 2008 financial crisis to give people control over their money without relying on banks, governments, or middlemen. Bitcoin, the first cryptocurrency, was designed to be a decentralized alternative to traditional money, similar to digital gold.

      The Story Behind Cryptocurrency
      Bitcoin was introduced in 2009 by an anonymous creator, Satoshi Nakamoto, as a response to problems in the banking systemโ€”such as money printing, inflation, and financial mismanagement. Before modern banking, gold was used as money because it couldnโ€™t be easily replicated. However, when paper money replaced gold, banks started printing more than they had in reservesโ€”this is called fractional banking.

      Over time, paper money became disconnected from gold, leading to inflation. Governments and banks could create money whenever needed, reducing the value of existing money and giving themselves an advantage before distributing it to the public. Bitcoin was designed to prevent this by mimicking gold’s scarcityโ€”it has a fixed supply of 21 million coins and requires computational power to “mine,” making it resistant to inflation.

      Why Bitcoin Works in the Digital Age
      Gold, while valuable, isnโ€™t practical for modern transactions. Bitcoin, on the other hand, offers the same scarcity as gold but is easily transferable online. It is secured by blockchain technology, a decentralized system that prevents fraud, removes middlemen, and allows anyone to be their own bank.

      Over time, debates about Bitcoinโ€™s scalability emerged, particularly regarding transaction speed and block size. However, advancements in blockchain technology continue to improve its efficiency without sacrificing decentralization.

      Final Thought
      Cryptocurrency is more than just digital moneyโ€”itโ€™s a shift toward financial independence, transparency, and global accessibility. While markets fluctuate, the fundamental vision of crypto remains strong: a decentralized financial system that puts control back into the hands of individuals. ๐Ÿš€

        • 0
      • Share
        Share
        • Share on Facebook
        • Share on Twitter
        • Share on LinkedIn
        • Share on WhatsApp

    Sidebar

    Ask A Question
    Add A New Post
    Add A Poll

    Stats

    • Questions 3k
    • Answers 747
    • Best Answers 23
    • Users 273
    • Popular
    • Answers
    • Shiraverse

      What is Shiraverse?

      • 18 Answers
    • Shiraverse

      What is Cryptocurrency?

      • 18 Answers
    • Devidas Shelar

      Chatwise app fake hai ya real

      • 11 Answers
    • Question
      Question added an answer The first photo of Khan Sirโ€™s wife without a veil… June 5, 2025 at 7:09 pm
    • MunnaKumarMahato
      MunnaKumarMahato added an answer Goa, India's smallest state, is undeniably one of the most… June 3, 2025 at 12:39 pm
    • Kajal Kumari
      Kajal Kumari added an answer Come after lunch June 3, 2025 at 8:17 am

    Related Questions

    • Which is better, ByBit or Phemex?

      • 1 Answer
    • Is it possible to recover lost money from crypto trading ...

      • 1 Answer
    • Which is the best NFT marketplace, Bybit, WazirX, or Binance?

      • 1 Answer
    • What is the process for transferring cryptocurrency from Bybit to ...

      • 1 Answer
    • What can be done to improve the security of cryptocurrency ...

      • 1 Answer

    Top Members

    Shiraverse

    Shiraverse

    • 6 Questions
    • 100k Points
    Raju Kumar

    Raju Kumar

    • 2k Questions
    • 75k Points
    Cryptocurrency

    Cryptocurrency

    • 30 Questions
    • 35k Points

    Trending Tags

    Alabama Anime Blogging Bybit Bybit App Chatwise Cryptocurrency Cryptocurrency Exchange Cryptocurrency Mining Flipster Geography Maps Online Communities Pi Network SAUCE SAUCE Token Social Media Social Network Sunwaves United States

    Explore

    • Shiraverse
    • Add group
    • Groups
    • Communities
    • Questions
      • New Questions
      • Trending Questions
      • Must read Questions
      • Hot Questions
    • Polls
    • Tags
    • Badges
    • Users
    • Help

    Footer

    Shiraverse

    About

    Shiraverse is a social questions & Answers Engine which will help you establis your community and connect with other people.

    About Us

    • Meet The Team
    • Blog
    • About Us
    • Contact Us
    • Add group
    • Add Post

    Legal Stuff

    • Terms of Use
    • Privacy Policy
    • Cookie Policy

    Help

    • Knowledge Base
    • Support

    Follow

    © 2024 Shiraverse. All Rights Reserved
    With Love by Shiraverse

    Insert/edit link

    Enter the destination URL

    Or link to existing content

      No search term specified. Showing recent items. Search or use up and down arrow keys to select an item.