Cryptocurrency

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It should not be confused with real money.


A cryptocurrency, crypto-currency, or crypto is a digital asset designed to serve as an exchange where individual identity records are stored in an existing ledger in the form of computer data that uses robust cryptography to access transaction records, control additional currency transactions, and secure transfer transactions. of coin ownership. [1] [2] Cryptocurrency does not exist in a material way (such as paper money) and is usually not provided by the central authority. Cryptocurrensets typically use decentralized control as opposed to digital central bank money (CBDC). [3] When cryptocurrency is introduced or created before it is issued or issued by a single issuer, it is generally considered to be intermediate. When used through transfers, each digital currency operates through a distributed ledger technology, usually a blockchain, which serves as a public financial transaction database. [4]



The Bitcoin logo, the first digital currency used

Bitcoin, first released as open source software in 2009, is the first cash-strapped currency. [5] Since the release of bitcoin, many other cryptocurrensets have been developed.

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