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Cryptocurrencies are a new form of money built on blockchain technology. Simply put, a blockchain is a list of transactions shared across a network of computers and secured by math and code (cryptography). Cryptocurrencies capture the value of these secure networks in the forms of coins and tokens.

What makes cryptocurrency groundbreaking is its inability to be counterfeit or double-spent. Double-spending is simply the risk that a coin or token can be used more than once.

Bitcoin is the world’s first cryptocurrency, created in 2009 by an anonymous person (or group of people) known as Satoshi Nakamoto. At its peak, Bitcoin captured over $1T in market value.

Last updated 1 year ago