― Olawale Daniel
‘Cryptocurrency’ has become an increasingly familiar term since the first emergence of Bitcoin in 2009. Since then, numerous cryptocurrencies have been developed and the combined Bitcoin and crypto market value has continued to rocket – now valued globally at more than $2 trillion.
A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology a distributed ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation.
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