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Imagine money that exists only as code on computers.That's essentially what cryptocurrency is. It's a digital or virtual currency that uses cryptography for security. Unlike regular money, there's no physical coin or bill.
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Cryptocurrencies use a special technology called blockchain. It's like a digital ledger where all transactions are recorded.
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Early Ideas: The concept of digital money started in the 1980s, but it wasn't until the late 1990s that it gained more attention.
*Bitcoin: In 2009, Bitcoin became the first widely known cryptocurrency. It introduced the idea of blockchain technology.
Growth:Since then, thousands of other cryptocurrencies have been created, each with its own features and goals.
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Opinions on cryptocurrency vary widely among famous people.
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Warren Buffett:
The legendary investor has been critical of cryptocurrencies, comparing them to "rat poison squared."
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