|Cryptocurrencies began with the creation of Bitcoin in 2009 by Satoshi Nakamoto, aiming to introduce a decentralized digital currency independent of traditional financial systems.
|Cryptocurrencies rely on blockchain, a secure and transparent distributed ledger that records transactions in an immutable and tamper-resistant manner.
Emergence of Altcoins
|The success of Bitcoin led to the creation of various alternative cryptocurrencies, known as “altcoins,” each with unique features and purposes.
|Cryptocurrencies gained popularity due to their potential for high returns, security, and the convenience of digital transactions.
|Cryptocurrency adoption has grown from individuals to institutional investors and governments exploring central bank digital currencies (CBDCs).
|Cryptocurrencies have expanded into areas like smart contracts and decentralized finance (DeFi), extending the use cases of blockchain technology.
|The cryptocurrency landscape has cultivated a global community of blockchain and crypto enthusiasts.
|Cryptocurrencies have become a significant asset class in the financial world, attracting attention from both retail and institutional investors as part of the digitalization of finance.