What is cryptocurrency? Cryptocurrency is a digital or computerized currency that uses cryptography for its secure and verified transactions and to control the creation of new units. Cryptocurrencies are decentralized and operate independently of central banks or governments, relying instead on a distributed network of computers to maintain and manage transactions. The first cryptocurrency, Bitcoin, was created in 2009 by an anonymous individual or group of individuals using the pseudonym Satoshi Nakamoto. Since then, many other cryptocurrencies have been created, including Ethereum, Ripple, and Litecoin, among others. One of the key features of cryptocurrency is its decentralized nature. Unlike traditional currencies, which are controlled by central authorities like governments or banks, cryptocurrencies are distributed across a network of computers, and transactions are verified by the network. This means that there is no central authority controlling the currency, and transact...