The idea of Cryptocurrency started in late 2008 with the desire to conceptualize an electronic cash system, managed and dictated by owners. The concept was actualized and the first digital currency or Cryptocurrency created in 2009. Cryptocurrency is the term used to define the privately monitored and controlled digital currency now on the market. The design and structure as well as its decentralized nature has led to it being viewed with suspicion by many and is often viewed as an alternative currency. Since its introduction to the market, there have been a number of like currencies created and launched on the market. These currencies, funded primarily through initial coin offerings (IOCs), serve as excellent investment opportunities for owners. The funds purchased can also be used to generate funds, make payments and donations as well as verify transactions.
