Definition of Cryptocurrencies
Cryptocurrencies are a type of currency that does not have a physical presence, but has the same characteristics and capabilities of physical banknotes as you can buy goods and services, in addition to that it uses cryptography to secure and verify transactions and does not have oversight from the central authorities.
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| Cryptocurrencies | Digital Currencies |
In another definition, A cryptocurrency is a digital currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology.
Appearance of cryptocurrencies
The first Crypto debut was made in 2009 with the advent of Bitcoin Through someone called Satoshi Nakamoto.
At that time, Satoshi stated that the amount available to extract from the bitcoin coin is 21 million bitcoin-only through mining, after which no one can mining the bitcoin coin, but it will be traded through buying and selling.
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