Cryptocurrency is a revolutionary digital or virtual form of currency that relies on cryptography for security and operates on decentralized networks, typically based on blockchain technology. Bitcoin, introduced in 2009 by an unknown person or group using a pseudonym Satoshi Nakamoto, marked the beginning of the era of cryptocurrencies
Cryptocurrencies are based on blockchain technology, a decentralized ledger, and cryptographic techniques. They use public and private keys for security and privacy, and operate on decentralized networks, making them resistant to hacking and manipulation.
Cryptocurrency, a decentralized, blockchain-based concept, holds the potential to revolutionize the financial landscape. However, challenges like regulatory uncertainties and scalability need to be addressed for widespread acceptance and integration into mainstream systems.