Cryptocurrencies

A cryptocurrency (or crypto currency) is a medium of exchange using cryptography to secure the transactions and to control the creation of new units.

Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies. Bitcoin became the first decentralized cryptocurrency in 2009. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as a blend of bitcoin alternative.

Cryptocurrencies use decentralized control as opposed to centralized electronic money/centralized banking systems. The decentralized control is related to the use of bitcoin’s block chain transaction database in the role of a distributed ledger.

Australian Craig Wright Says He’s Satoshi Nakamoto, the Creator of Bitcoin
May 2nd, 2016

An Australian businessman revealed reporters that he is Bitcoin creator Satoshi Nakamoto.