In Beginning, There Was Bitcoin. Today, We Have Solana & Gnox #Beginning #Bitcoin #Today #Solana #Gnox Welcome to JibGlobe, here is the new resources we have for you today:
Many investors forget how early they are, and unfortunately, this idea prevents many would-be investors from crossing the threshold and becoming active participants in crypto. From the humble beginnings of cryptography forums, Bitcoin has risen to become an asset with a total market capitalization of more than $1 trillion at its peak. And following Bitcoin, many projects have been birthed destined to dramatically alter the financial landscape forever.
On January 3rd, 2009, the Genesis Block started the Bitcoin network. This event coincided with the grand announcement that the banks would be bailed out following the 2008 Global Financial Crisis. The first form of electronic payment that allowed the transfer of value between two parties without a trusted intermediary was born. Bitcoin was a revolutionary challenge at the onset; it is the new era of money, designed by the people, for the people.
Bitcoin paved the way for the cryptocurrencies that would follow and eventually lead to the development of DeFi (decentralized finance) with the release of the Ethereum network, the first crypto with smart contract capabilities.
Released in March 2020, the Solana network belongs to the next generation of high-performance blockchains with claims of a theoretical TPS (Transactions Per Second) of 65,000. And it was this network speed that led to a run that was outrageous even by crypto standards for SOL throughout 2021. Starting the year at around $2.50, it reached just shy of $260 at its peak. It fought, earned its reputation as a fearsome layer one protocol, and was famously dubbed ‘The Ethereum Killer.’