When you hear cryptocurrency, what comes to your mind?
Well, cryptocurrency is simply a digital currency or money used as a means of exchange, investment and storage of values. The major purpose it was invented was to make financial transactions easy for us all.
You can use cryptocurrency to pay for things online (electronically) just like the way you make use of your credit or debit card. Cryptocurrency also aims to solve the banking issues we have been facing.
In history, the first cryptocurrency was BITCOIN. it was the first product of Blockchain technology that was developed by an anonymous entity that goes by the name Satoshi Nakamoto.
Satoshi released the idea of BITCOIN in 2008 but was issued in 2009 (making BTC 11years+ as at the time of publishing this course).
Cryptocurrency are created via a process called mining which involves the use of powerful computers and various applications (worry less about this because we will be dealing majorly with how you can buy and sell).
Bitcoin remained the only cryptocurrency until the year 2011. When people started seeing faults in BTC, they decided to create alternative coins called ALTCOINS. The first Altcoin created was Litecoin (LTC) others are Bitcoin Cash, XRP, TRX, XLM etc and as at the time of publishing this course, we have over 5,000 cryptocurrency coins across the globe.
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