The rise of cryptocurrencies began with **Bitcoin** in 2009, introducing a decentralized digital currency using blockchain technology. Cryptocurrencies offer an alternative to traditional financial systems by enabling peer-to-peer transactions without intermediaries like banks. This has made them appealing for **speed**, **lower fees**, and **global accessibility**. Cryptocurrencies, like **Ethereum**, expanded beyond currency to enable smart contracts and decentralized applications (dApps). Their popularity surged due to **investment potential**, although volatility and regulatory concerns remain. Cryptocurrencies are reshaping finance, fostering innovation in decentralized finance (DeFi), and prompting debates about their role in the future of global economics.
The rise of cryptocurrencies
Posted 2024-09-11 12:02:45
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