Cryptocurrency is regarded as a digital currency that uses encryption (cryptography) to generate money and to verify transactions. Transactions are added to a public ledger – also called a Transaction Block Chain – and new coins are shaped through a process known as mining.
As of 2018, cryptocurrency has been used as a decentralized alternative possibility to traditional fiat currencies (which are usually backed by some central government) such as the US dollar (USD).
The History of Cryptocurrency
The first decentralized digital cryptocurrency can be traced back to “bit gold” (not to be confused with Bitgold), which was worked on by Nick Szabo between 1998 and 2005 but was never put into operation.
Although bit gold is recognized to be the first precursor to bitcoin, cryptocurrency pioneer David Chaum’s company DigiCash (a company founded in 1989 which attempted to innovate digital currency), Wei Dai’s b-money (a conceptual system published in 1998 which Satoshi cites it in the Bitcoin white paper), and “e-gold” (a centralized digital currency that started in 1996) are all notable early mentions.
With that history noted, modern digital currency starts in 2008 when Satoshi Nakamoto (an anonymous person and/or group) released their paper detailing what would become Bitcoin.
Bitcoin became the first decentralized digital coin when it was created in 2008. It then went public in 2009.
As of 2018, Bitcoin is the most commonly known and used cryptocurrency. Meanwhile, other coins including Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and more are notable mentions.
Given the popularity of Bitcoin as well as its history, the term “altcoin” is sometimes used to describe alternative cryptocurrencies to bitcoin (especially coins with small market caps).
As of January 2015, there were over 500 different types of cryptocurrencies – or altcoins – for trade in online markets. However, only 10 of them had market capitalizations over $10 million.
As of September 2017, there were over 1,100 cryptocurrencies and the total market capitalization of all cryptocurrencies reached an all-time high surpassing $60 billion! Then, by December 2017, the total market cap reached $600 billion (a multiple of 10 in only two months).
In other words, although the future is indeterminate, cryptocurrency seems to be more than just a fad. Today cryptocurrency is shaping up to be a growing market that (despite the pros and cons) is likely here for the long haul.
STSO DEV team were continuously working over an idea regarding cryptocurrency from the last few years which could create more ease for people across the world and could work as multipurpose way.
The STSO DEV team successfully developed a Blockchain based erc20 token named as ”Sterling sovereign token”. Which is cheaper, secured and very fast compared to normal currency. In starting the token supports Hotels and flights booking. App for Sterling sovereign token also in developing phase and would be introduced soon after the successful launching of the website.
Public sale: 30 Billion
Team and Advisors: 5 billion
Developers: 5 billion
Pre-sale: 5 billion
Airdrop/Bounty: 2.5 billion
Partnership: 2.5 billion
Recently A Technical team (STSO DEV team) from the US has introduced an amazing idea by working on the blockchain currencies. The team launched blockchain based erc20 token “Sterling sovereign token”, which would work as a centralized currency, initially the currency would be used for hotel booking and the flight booking system.
A cryptocurrency with several features and outstanding supportive app you would see in the market soon and In the future, we go to a partnership with major companies which help the community use our app get the most out of it.
The sterling sovereign token has made by following the secure algorithms with multiple security layers. It is the world’s first block chain token which is very easy to accessible, transferable and could be utilized for business and booking purposes. People can get sterling sovereign tokens via supported currencies and could use as per their requirements with one click. You may get supported countries list by contacting STSO DEV team.
Sterling Sovereign Token Roadmap
Identification of competitors and market analysis
Launch of STSO project
Presale of Sovereign token
Coin market cap listing
Explaining of concept for communities and partnerships
Developing application and launching beta version
Decentralized exchange launching to support hotel and flight booking app.
Launching IOS/Android apps for the booking system.
FOR LINK INFORMATION:
Bitcointalk profile: https://bitcointalk.org/index.php?action=profileEth address: 0x00a9b763FF87ae5E9c6312779456144A06f6200F