WebThe cryptocurrency was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. [11] The currency began use in 2009, [12] when its implementation was released as open-source software. [7] : ch. 1 The word " bitcoin " was defined in a white paper published on October 31, 2008. WebMay 2, 2024 · Cryptocurrency, often called crypto, is any form of currency that exists digitally or virtually and uses cryptography to prevent it from being counterfeit or double-spent.
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