Cryptocurrencies

Cryptocurrencies:

Cryptocurrencies, primitive encryption methods have existed since ancient times, and it seems that most of the early civilizations used coding methods in their communications.

Symbol substitution, which is considered to be the simplest form of cryptography, is seen in the writings left by the Egyptians and the inhabitants of Mesopotamia.

In this type of encryption, a symbol is placed instead of each letter.

The first example of this type of coding was found in the tomb belonging to one of the Egyptian noblemen named Khnum Hatep II who lived around 3900 years ago.

The purpose of replacing the symbol in the inscriptions was linguistic aesthetics.

The first known example of cryptography being used to protect sensitive information dates back to about 3,500 years ago, when a Mesopotamia resident used cryptography to hide formulas for making pottery from clay. has been

In the Late Antiquity period, cryptography was widely used to protect important information, a purpose that is still being considered today.

During the Middle Ages, cryptography became increasingly important, but ciphers that were performed by transposing letters, such as Caesar’s cipher, became accepted as the standard for cryptography.

In 1465, Leon Alberti developed polyalphabetic cryptography, which was considered as a solution to Al-Kandy’s frequency analysis method.

With the advent and increased use of computers, encryption became something much more advanced than it was in the analog era.

128-bit encryption is much stronger than any ancient or medieval encryption that is currently used as a standard for encryption in many sensitive computer systems.

Since 1990, an entirely new form of cryptography, called quantum cryptography, has been developed by computer scientists to perhaps greatly increase the level of security and protection offered by modern cryptography.

Recently, cryptographic methods have been used to create digital currencies, in other words encrypted currencies.

The first cryptocurrency was Bitcoin.

Perhaps the word Bitcoin has been heard more than any other currency in the cryptocurrency industry.

Bitcoin was the first product of the first blockchain developed by some economic units whose creator was known as Satoshi Nakamoto.

Satoshi came up with the idea of BinCoin in 2008, presenting it as a distinctly peer-to-peer version of electronic money.

Bitcoin was the first cryptocurrency created, but there were many attempts to create digital currencies in the years before Bitcoin was created, some of which were officially published.

Digital currencies like Bitcoin are created through a process called mining.

Of course, this mining is very different from coal mining, digital currency mining involves very powerful computers to solve complex problems.

Bitcoin was the only cryptocurrency in 2011.

After Bitcoin, another category called altcoin was created, some of which include: Neo, Litecoin, Cardano, etc.

The next category also includes tokens, which include other Bit, Civic, and V Power items.

Currently, there are 2310 types of cryptocurrency, which is expected to increase in the future.