Cryptocurrency has created quite a stir over the last three years. Since Bitcoin (BTC) hit $20,000 per coin in 2017, crypto has been on a wild ride. There has been a lot of speculation around using cryptocurrency in gaming, and although the use case is not yet clear, it isn’t hard to predict where things might go. But before we get into what the future holds, let’s dive into the history of crypto and how it was created.
The Definition of Cryptocurrency
Cryptocurrency is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. Decentralized cryptocurrencies, such as Bitcoin, now provide an outlet for personal wealth that is beyond restriction and confiscation. In layman’s terms, it is a highly secure digital currency that can be used for investment or for e-commerce. Some are calling it internet money.