The first cryptocurrency was Bitcoin, created by Satoshi Nakamoto. In 2009, he published an article describing a P2P payment system he called Bitcoin. Following this, the creator published the first version of the software that manages the currency's network. The value of each cryptocurrency varies, and recently there has been speculation similar to stock market assets.
How They Work
The cryptocurrency system is based on a decentralized network of computers, which means they are distributed throughout the world. The second concept is that of miners, people who are part of the nodes, and who have the incentive that every time new Bitcoins are generated, they are distributed among those who are part of those nodes.
Over time, more cryptocurrencies with diverse characteristics have been created. Some have been positioning themselves for years as robust and popular alternatives, such as Ethereum, Litecoin, and others like them. Dogecoin is a new cryptocurrency based on a meme. But since Elon Musk spoke about it, claiming it is the cryptocurrency of the people, its value has not stopped growing.