Cryptocurrency

Cryptocurrency is a digital asset that is used as virtual currency, mainly due to the reason that it is nearly impossible to double-spend or counterfeit, being secured by cryptography. Unlike other currencies, it does not exist in any physical form. Created in 2008-2009, Bitcoin was the world’s first Cryptocurrency.

Cryptocurrency (Bitcoin)was created by Satoshi Nakamoto as a peer-to-peer digital cash system, where the paymets can be done between two partys or individuals with out the involvement of a bank or any physical currency.

As per the experts only 21 million bitcoin tokens can be created or generated and nothing more. The first transaction of this digital currency bitcoin happened in 2010 to buy a pizza.

 

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