Cryptocurrency

A form of digital money not regulated by any central authority. Being virtual in nature, cryptocurrencies use cryptography technology to process, secure, and verify transactions. 

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First released 2009
Developed by An unknown person or group of people using the name Satoshi Nakamoto

Interesting facts

  • There are over 5,000 different cryptocurrencies available throughout the world. Some of the best known include Bitcoin, Ether, and Ripple.
  • The main technology behind cryptocurrencies is blockchain.
  • Unlike cash and other forms of currency, cryptocurrencies only exist in the digital realm. They are just a series of ones and zeros and can’t be stored anywhere physically — not even on a hard drive or thumb drive. 
  • Although cryptocurrency was officially launched in 2009 with the creation of Bitcoin by Satoshi Nakamoto, its roots go back as far as the 1990s when Wei Dei created b-money & Nick Szabo created BitGold.

 

More facts

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Development by Synergize.digital

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