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# <center>Cryptocurrency & Blockchain Technology</center>
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### <center>Cryptocurrency </center>
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Cryptocurrency is a medium of trade, a store of value, and a measurement unit. Despite the fact that cryptocurrencies have little intrinsic worth, they are utilised to price other assets. Bitcoin is a cryptocurrency (a form of payment) that can also be considered a speculative commodity (how much it is worth). It was originally introduced in 2009 and is widely regarded as the first digital asset. Crypto assets, or digital assets, are digital representations of value enabled by cryptography and blockchain. Their original purpose was to act as a means of transferring property without the involvement of a bank or other reputable third-party. Cryptoassets (digital assets) are classified as follows cryptocurrencies, crypto commodities, and crypto tokens are the three basic types.

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### <center>Blockchain Technology</center>
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Satoshi Nakamoto, a person or an entity, designed a protocol for a peer-to-peer electronic cash system, possibly in response to the global financial industry meltdown of 2008. This system became the cornerstone for blockchains, which are distributed ledgers. Blockchain functions in a similar way to a global spreadsheet or ledger. It operates without a central database, relying instead on computers donated by volunteers all throughout the world. Because it exists on the network rather than within a single organisation, a blockchain is open to the public at all times. To preserve virtual security, a blockchain is encrypted and uses public and private keys. A blockchain enables a person to communicate money to another person in a secure manner. Without going via a bank or financial services provider, you can send money to someone else.

Blockchain technology is referred to as distributed ledger technology by many in the financial services industry. Some people believe that blockchain will be a more dependable database than their current databases. With the rise of digital money and the fact that more than half of the world's population possesses a smartphone, some believe blockchain technology may eventually supersede the banking industry's traditional technology. This new financial technology collaboration could pave the door for widespread use of digital financial goods.

Governments are becoming more aware of cryptocurrencies. The Commodity Futures Trading Commission of the United States decided in 2015 that Bitcoin and other virtual currencies should be classified as commodities.

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