Questions ยป What was the first cryptocurrency?

What was the first cryptocurrency?

The first cryptocurrency is generally considered to be Bitcoin, which was created in 2009 by an individual or group of individuals using the pseudonym “Satoshi Nakamoto.” Bitcoin is a decentralized digital currency that allows for peer-to-peer transactions without the need for a centralized intermediary like a bank. It operates on a blockchain, which is a distributed ledger that records all transactions and is maintained by a network of nodes around the world. Since the creation of Bitcoin, many other cryptocurrencies have been developed, each with their own unique features and purposes.