User:Jchiboub4

CRYPTOCURRENCY:

Cryptocurrency is a virtual, decentralized currency that uses different types of encryption techniques such as cryptography

that generate money and transactions. Cryptocurrency is an alternative to traditional currencies such as the US dollar

which is backed by the central government. Cryptocurrency was first invented between 1975 - 2005 when Nick Sabr created

the bitgold. This was the precursor and the foundation of the cryptocurrency that has become very popular today called

bitcoin. Bitcoin was founded by an anonymous group or person called Satoshi Nakamoto in 2008 and was introduced to the

public around 2009 (Rosic, 2017). At first bitcoin was used by hobbyists and mathematicians, and has now expanded to many

ordinary people and also includes many cybercriminals and terrorists (Rosic,2017). Bitcoin is the most known and most

popular type of cryptocurrency but there are several that the public uses today. There are 1,100 types of cryptocurrencies

as of 2017 but the most notable ones are litecoin, ethereum, zcash, dash, ripple, and monero (Rosic,2017).