Cryptocurrencies are virtual currencies that can be traded, transferred, and used to make payments. It runs on the blockchain network.
The cryptocurrency was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and was released as open-source software in early 2009. The first bitcoin transaction took place on May 22, 2010 when Laszio Hanyecz bought 2 pizzas for 10,000 BTC in Florida.
Cryptocurrency is a type of digital asset that is an anonymous, digital currency that uses a highly sophisticated type of encryption called cryptography to secure and verify transactions as well as to control the creation of new units of currency. It is designed to work as a decentralized medium of exchange, independent of a financial institution or any other central authority.
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