history of the crypto market

Crypto, also known as digital currency, is a type of digital currency used to conduct financial transactions in a safe manner, control the creation of new units, and verify the transfer of assets 1. Blockchain technology, a decentralized technology, is used to create these types of digital currencies 2.
Blockchain technology was formed in the early 21st century. Stuart Haber and W. Scott Stornetta imagined what many people know as blockchain in 1991. Their first job was to research a blockchain secured by cryptography, in which no one could forge the time stamp of the document. In 1992, they upgraded their system to combine Merkle trees to increase efficiency, allowing more documents to be collected on a single block 2.
However, in 2008, the history of blockchain began to become relevant, thanks to the work of a person or group called Satoshi Nakamoto. Satoshi Nakamoto is recognized as the brain behind blockchain technology. Little information about Nakamoto because people believe he may be an individual or a group of people working on Bitcoin, the first application of digital ledger technology. Nakamoto first conceived the idea of blockchain in 2008, from which this technology has developed and found its way into many applications beyond digital currencies 2.
In summary, blockchain technology was formed in the early 21st century and is used to create digital currencies such as Bitcoin. Satoshi Nakamoto played an important role in the development of this technology 2.