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Throughout today's entire blog, I will discuss the digital currency Crypto Currency in detail. Today's blog will try to find out what is cryptocurrency, how it works, what is the future of cryptocurrency.

Hope you stay tuned till the end and I assure you that after reading the whole article you will get to know the cryptocurrency pulse.

At the beginning of human civilization, people roamed the forest to hunt animals, collect fruits and eat. After that, when people gradually started to live in society, farming started.

Many did many types of farming, hunted animals. Some cultivated rice, some hunted animals, and some collected fish.

But no one can live by eating only rice, only meat, or only fish. They introduced a custom of exchanging their food with each other. It was called Barter System.

But there was a problem with this exchange practice. If someone gives 5 kg of rice, how much fish or meat will he get in return, complications arise regarding this type of exchange.

To overcome this complication, the use of beads, snails, oysters, gold and silver began in the middle ages as an acceptable means for everyone. Later in the modern era, coins and paper currency were introduced, which are still in use today. This is how coins were invented.

But this medium of exchange was not limited to paper currency or metal currency. Today it has taken a more modern form. Digital currency has been launched. However, this digital currency has not been introduced equally in all countries of the world.

What is crypto currency?

Cryptocurrency is a type of digital currency whose production, storage, or exchange process is not controlled by a single institution (such as a government or central bank). It works through a computer network in a decentralized process.

Some basic features of cryptocurrencies:

It is not controlled by any central institution

It is completely virtual, which cannot be touched or seen

Cryptocurrency can be traded anonymously

Once a transaction is made with cryptocurrency, it cannot be changed or cancelled

A Brief History of Cryptocurrency

Currently, there are more than 25 thousand types of digital currencies around the world. But it wasn't long when this digital currency or cryptocurrency started its journey.

Bitcoin is the world's first cryptocurrency. On October 31, 2008, an individual or group under the pseudonym Satoshi Nakamoto published an article on how Bitcoin works using the blockchain network.

It is believed that the official journey of Bitcoin discovery started from that time. Then in January 2009, Satoshi Nakamoto created the first block on the blockchain network and started mining Bitcoin.

SHA-256 hash function is used in Bitcoin mining. Later, the journey of cryptocurrency started with the discovery of Namecoin, Litecoin, Peercoin in 2012.

Some of the popular cryptocurrencies of today are Bitcoin, Ethereum, Solana, BNB, Dogecoin, Cardano etc.