Before Bitcoin, Ethereum, Litecoin, and other cryptocurrencies, there were already digital currencies dating back to the 1990s. This included Digicash, Bitgold, but these were centralized and did not last long. Cryptocurrency has arrived with a new trend, its decentralized nature operating autonomously, without interruption from an outside entity. Say no to plagiarism. Get a Custom Essay on “Why Violent Video Games Should Not Be Banned”?Get Original Essay Necessity, they say, is the mother of invention, so many times people have wanted to create some sort of system digital money online, but to no avail due to centralization issues. With this in mind, the first cryptocurrency was created by a group or person named Satoshi Nakamoto (identity still unknown). His basic motive for creating this cryptocurrency was to create a decentralized peer to peer electronic payment system. The amazing thing about cryptocurrency is that although it wasn't meant to be invented, the rise of bitcoin in the online market gave rise to other cryptocurrencies. We can now count over hundreds of these currencies following the path of Bitcoin. In 2008, Bitcoin was born and was launched in 2009 when mining of the currency began. Bitcoin started with a value of less than a dollar. In December 2011, bitcoin was selling for $11,500. The price of bitcoin has been steadily increasing since the year it was launched, making it the most valuable crypto currency today. Even though the currency experienced many fluctuations, it continued to surprise the market by increasing its price significantly. As mentioned earlier, other cryptocurrencies have been developed with the aim of offering more flexible terms compared to Bitcoin. In 2011, Litecoin was created by Charlie Lee. Litecoin performed so well in the market after a few years, which made some people think that it was competing with Bitcoin. Litecoin, seeking to attract more mass, has become more dynamic and flexible in terms of mining. This was followed by Ethereum, established in 2015. Etheruem provided an initial coin offering (ICO) platform. Other currencies include Ripple, Digibyte, Dash, Zcash, Monero, Eos, to name a few. The interesting fact about all these currencies is the fact that they are not controlled by any central government. The security it offers to its owners and the protection of their identity. At first glance, cryptocurrency has now become essential. People support it by investing in it and thus earning a lot of money..