Cryptocurrency

ELI5 - What is cryptocurrency? Is it the same as Bitcoin?

Cryptocurrency (often referred to simply as "crypto") is a broad term that encompasses all the different digital currencies created that operate based on some form of cryptography or encryption. While there were several digital currencies predating it, Bitcoin became the first useful cryptocurrency in 2009 after its inventor, the mysterious Satoshi Nakomoto, created Blockchain, a new technology designed to eliminate the double-spending problem. Other popular cryptocurrencies include Ethereum, Litecoin, and USD coin.

By Alex 8 months ago