What are cryptocurrency?

Introduced in 2009, Bitcoin marked the beginning of the cryptocurrency era, offering a decentralized option compared to traditional government-issued currencies managed by central authorities. Its value has surged impressively since its inception, paving the way for a myriad of other digital currencies in this burgeoning sector. Cryptocurrencies operate on a system where transactions are recorded on a public ledger called the blockchain, ensuring transparency and security.

This innovative ledger system secures transactions with complex cryptography, ensuring the authenticity and integrity of each transfer of tokens. Unlike centralized financial systems, cryptocurrencies are typically managed by a collective decision-making process of their community of investors, rather than a single central entity.