Account Types

All you Need to Know about Cryptocurrency
Published on 11 يناير 2021


What is Cryptocurrency? 

Cryptocurrency or crypto for short is decentralized digital money, which was designed by Satoshi Nakamoto in 2009 to be free from government control, as a solution for personal financial independence. Cryptocurrencies are generated by their own blockchains like Bitcoin and Litecoin. On the other hand, tokens are issued within smart contracts running blockchain such as Ethereum.

The most familiar versions of crypto out of a large variety, which exceeds more than 2000 types, are Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP). Bitcoin is considered to be the leader with its market cap and volume of $580 Billion and $78 Billion, respectively.  Cryptocurrencies have expanded dramatically after the launch of bitcoin over a decade ago. It became more popular, its value started to rise, and made steady progress throughout the middle of the decade.