A cryptocurrency is a sort of virtual money that removes the need for third parties to get involved in financial transactions. One example of this is Bitcoin. It was designed to be used as money and a form of payment that is not dependent on any one individual, organization, or thing. A variety of exchanges offer it for purchase, and blockchain miners get paid for their labors in transaction verification.
Under the pseudonym Satoshi Nakamoto, an anonymous developer or group of developers introduced Bitcoin to the public in 2009.
Since then, it has grown to be the most well-known cryptocurrency worldwide. Numerous other cryptocurrencies have been developed as a result of its success.