Hello everyone!
2021 marks the 12th year of the Cryptocurrencies. The first one is Bitcoin (BTC).
Here is a small summary of the history of Bitcoin (BTC)
- August 18, 2008 : The domain name "Bitcoin.org" is reserved
- 31 October 2008: Satoshi Nakamoto published (in a mailing list to CypherPhunks) the Whitepaper of "Bitcoin: A Peer-to-Peer Electronic Cash System", which summarizes the functioning of the Bitcoin Protocol.
- November 9, 2008 : First appearance of the word 'Blockchain' , referring to Distributed Ledger.
- January 3, 2009 : The first Block of the Bitcoin Blockchain is created , which was named "Genesys Block" (For the anecdote, the first 50 Bitcoin issued within this process have never been sent to anyone).
- January 12, 2009: First shipment of Bitcoin between S. Nakamoto & Hal Finney . Recorded in Block N°170 , for an amount of 10 Bitcoin (BTC).
- October 5, 2009: First estimate of the Value of Bitcoin (BTC) . This price is based on the price of electricity that was necessary to mine 1 BTC. That is to say 0.001$ . And more precisely 1309.03 BTC = 1$!
12 years later, this movement has taken such a magnitude that we can count on more than 7000 Cryptos, for a market capitalization of more than $1000 Billion!
As these new technologies evolve, the world is struggling to keep up. Many people hope for Mass Adoption, but it will not happen by itself. We need the means to make it happen! The majority of Internet users don't even know what Cryptocurrencies are, and the hundreds of thousands of people who are interested or wish to become interested in it are quickly overwhelmed by the constant influx of technical information, new projects, opportunities and scams. And it becomes more and more difficult to find documentations that are easy to digest and understand.
There are other innovations that have taken a long time to be adopted and used by the public, and that today we could not do without. Here are a few examples:
- The invention of the computer dates back to the Second World War. It wasn't until 1977 with the release of the first personal computer , the Apple II, that this technology became popular.
- The Mobile Phone, created in the 1970s by Dr Martin COOPER. It will be necessary to wait 20 years for the popularization of this mode of communication.
- The Internet began to be used by a large public in the early 1990's. (For a technology that was already 30 years old at the time, ARPA (ARPAnet)). The first internet page was launched in 1992 by CERN (European Organization for Nuclear Research). In 2004: 1 Billion Internet users. In 2014: 3 Billion
Mass Adoption does not happen by itself, it needs accompaniment, it needs education, so it must be provoked!
A group of 3 young Malaysians decided that the Cryptocurrency Industry NEEDS a single solution to remedy this shortcoming.
By founding Project TORUM (Torum Technology Sdn. Bhd. founded in 2018), they launched the first user-friendly Platform for beginners, but also for more experienced users familiar with the World of Cryptos in July 2020.
Torum's ambition is to offer a new generation of crypto Social Media platform that is easy to use, simple and understandable. New users don't need to have any specific knowledge about the Blockchain or Cryptocurrencies to sign up.
Torum claims to be the solution to the problems that slow Mass Adoption:
- Too many social applications, and often disorganized
- Lack of clear information on a wider range of Cryptos projects
- Fluctuations in the price of Cryptos can quickly become discouraging for novices.
Originally, Torum's goal was to create a "Tokenized Forum", hence giving birth to the name TORUM which is the combination of the words "TOkenized & foRUM".
Soon, Torum realized that a forum or blogging platform will not be able to play a crucial part in accelerating crypto mass adoption due to its limited functionalities.
In fact, when Torum was founded, there are over 20 different forum and blogging platforms used by the communities, yet none of them is able to solve the problems that are slowing down the Mass Adoption.
Ultimately, Torum wants to become a "Crypto-Focused Social Media Ecosystem that is powered by an ERC-20 token and supported by worldwide crypto users and enthusiasts".
The history of Cryptocurrencies started Yesterday, Today Torum wants to be the Social Media platform that aims to accelerate this Mass Adoption faster, and then prepare Tomorrow in the best conditions, for the greatest number.
Torum is a platform made for you, feel free to join it, and see what it can do for you, and above all, the Torum Team and Ambassadors are at your disposal if you have any questions, if you want to create your communities, etc ...
Join us on Telegram too
Christophe WILHELM
Resources