This website uses cookies
We use cookies to continuously improve your experience on our site. More info.
CODΞ - maximizing your sourcing capabilities
CODΞ supports GlossaryTech to keep it free for the community
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.
| 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.