{"id":2885,"date":"2021-12-16T12:27:49","date_gmt":"2021-12-16T06:57:49","guid":{"rendered":"http:\/\/641e9b6dc5f49f232f998c68"},"modified":"2023-04-10T15:30:09","modified_gmt":"2023-04-10T10:00:09","slug":"defiying-all-odds-the-rise-of-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/qistaging.com\/whitesight\/defiying-all-odds-the-rise-of-cryptocurrencies\/","title":{"rendered":"&#8220;DeFi&#8221;ying All Odds: The Rise of Cryptocurrencies"},"content":{"rendered":"\u201cDeFi\u201dying All Odds: The Rise of CryptocurrenciesThe feat of digital currency first saw the light of the day with the creation of Digicash in 1989, but like any ahead-of-its-time innovation, its days were numbered. A lack of popular support and proper funding were amongst the few grounds that led to its bankruptcy in the 1990s, with almost all its counterparts facing a similar fate. Further efforts to create a notable digital currency proved futile until the advent of Bitcoin in 2009; and as fate would have it, this decentralized cryptocurrency was here to stay and flourish. The year is 2008, and in a bid to disrupt the centralized financial and monetary system that led to the financial crisis, Satoshi Nakamoto (assumed to be a pseudonym) published the concept of Bitcoin through a white paper, with the sole purpose of removing any third-party intermediaries that are traditionally required to conduct financial transactions. A couple of months later, in January 2009, the first Bitcoin transaction took place when Satoshi Nakamoto sent Hal Finney 10 Bitcoins, thereby heralding a decentralization revolution in the financial world.Innovation and competition soon followed suit with Litecoin being launched in 2011, and 2012 witnessing the genesis of cryptocurrency [&hellip;] \t\t<div class=\"woocommerce\">\n\t\t\t<div class=\"woocommerce-info wc-memberships-restriction-message wc-memberships-message wc-memberships-content-restricted-message\">\n\t\t\t\tThis post is only available to members.\t\t    <\/div>\n\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p><span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\"><\/span> <span class=\"rt-time\">3<\/span> <span class=\"rt-label rt-postfix\">mins read<\/span><\/span> \u201cDeFi\u201dying All Odds: The Rise of CryptocurrenciesThe feat of digital currency first saw the light of the day with the creation of Digicash in 1989, but like any ahead-of-its-time innovation, its days were numbered. A lack of popular support and proper funding were amongst the few grounds that led to its bankruptcy in the 1990s, with almost all its counterparts facing a similar fate. Further efforts to create a notable digital currency proved futile until the advent of Bitcoin in 2009; and as fate would have it, this decentralized cryptocurrency was here to stay and flourish. The year is 2008, and in a bid to disrupt the centralized financial and monetary system that led to the financial crisis, Satoshi Nakamoto (assumed to be a pseudonym) published the concept of Bitcoin through a white paper, with the sole purpose of removing any third-party intermediaries that are traditionally required to conduct financial transactions. A couple of months later, in January 2009, the first Bitcoin transaction took place when Satoshi Nakamoto sent Hal Finney 10 Bitcoins, thereby heralding a decentralization revolution in the financial world.Innovation and competition soon followed suit with Litecoin being launched in 2011, and 2012 witnessing the genesis of cryptocurrency [&hellip;] \t\t<\/p>\n<div class=\"woocommerce\">\n<div class=\"woocommerce-info wc-memberships-restriction-message wc-memberships-message wc-memberships-content-restricted-message\">\n\t\t\t\tThis post is only available to members.\t\t    <\/div>\n<\/p><\/div>\n","protected":false},"author":4,"featured_media":3472,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[101,88],"tags":[130,113,56],"hashtags":[],"class_list":["post-2885","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital-assets","category-insights","tag-crypto","tag-global","tag-timeline","membership-content","access-restricted"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>&quot;DeFi&quot;ying All Odds: The Rise of Cryptocurrencies - WhiteSight<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/qistaging.com\/whitesight\/defiying-all-odds-the-rise-of-cryptocurrencies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"&quot;DeFi&quot;ying All Odds: The Rise of Cryptocurrencies - WhiteSight\" \/>\n<meta property=\"og:description\" content=\"3 mins read \u201cDeFi\u201dying All Odds: The Rise of CryptocurrenciesThe feat of digital currency first saw the light of the day with the creation of Digicash in 1989, but like any ahead-of-its-time innovation, its days were numbered. A lack of popular support and proper funding were amongst the few grounds that led to its bankruptcy in the 1990s, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/qistaging.com\/whitesight\/defiying-all-odds-the-rise-of-cryptocurrencies\/\" \/>\n<meta property=\"og:site_name\" content=\"WhiteSight\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-16T06:57:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-10T10:00:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/qistaging.com\/whitesight\/wp-content\/uploads\/2023\/03\/DeFiying-All-Odds-The-Rise-of-Cryptocurrencies.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Kshitija Kaur&nbsp;and&nbsp;Risav Chakraborty\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@WhiteSight_\" \/>\n<meta name=\"twitter:site\" content=\"@WhiteSight_\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kshitija Kaur&nbsp;and&nbsp;Risav Chakraborty\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/qistaging.com\/whitesight\/defiying-all-odds-the-rise-of-cryptocurrencies\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/qistaging.com\/whitesight\/defiying-all-odds-the-rise-of-cryptocurrencies\/\"},\"author\":{\"name\":\"Kshitija Kaur&nbsp;and&nbsp;Risav Chakraborty\",\"@id\":\"https:\/\/qistaging.com\/whitesight\/#\/schema\/person\/787a81735513d6817c6d199cf38f82a2\"},\"headline\":\"&#8220;DeFi&#8221;ying All Odds: The Rise of Cryptocurrencies\",\"datePublished\":\"2021-12-16T06:57:49+00:00\",\"dateModified\":\"2023-04-10T10:00:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/qistaging.com\/whitesight\/defiying-all-odds-the-rise-of-cryptocurrencies\/\"},\"wordCount\":595,\"publisher\":{\"@id\":\"https:\/\/qistaging.com\/whitesight\/#organization\"},\"keywords\":[\"Crypto\",\"Global\",\"Timeline\"],\"articleSection\":[\"Digital Assets\",\"Insights\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/qistaging.com\/whitesight\/defiying-all-odds-the-rise-of-cryptocurrencies\/\",\"url\":\"https:\/\/qistaging.com\/whitesight\/defiying-all-odds-the-rise-of-cryptocurrencies\/\",\"name\":\"\\\"DeFi\\\"ying All Odds: The Rise of Cryptocurrencies - 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