What Is Cryptocurrency And What Has Been It's Journey?
crypto is a digital currency that can be used as an alternative form of payment in the current World.
It is created using encryption algorithms which make it work both as a currency and a virtual accounting system.
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🕒 6:22 PM
📅 Jul 31, 2025
✍️ By kihole
Cryptocurrency is a medium of exchange, created and stored electronically on a blockchain. It is digitally designed to work through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it
Examples of Cryptocurrencies
>Bitcoin
The very first decentralised digital currency which operates free of any central control or the oversight of banks or governments.
Bitcoin was created by Satoshi Nakamoto (a pseudo person or team) who outlined the technology in 2008.
Bitcoin runs on the Bitcoin Blockchain, which was designed to be public and records all transactions in a way that it's accessible to the public.
Today Bitcoin is the most successful crypto known in the market and people use it as means of exchange. Bitcoin uses proof-of-work transaction verification process.
>Ethereum
Ethereum is second to Bitcoin in market capitalisation.
Vitalik Buterin A Russian programmer proposed and co-founded the Ethereum Network together with an impressive array of programmers and technologists back in 2013. The founding team included Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin, among others.
Ether is the native cryptocurrency of the platform. It has a smart contract functionality which allows users to create smart contracts on the Blockchain, which are like apps. Ethereum uses a proof-of-stake transaction validation process as well, which is different than Bitcoin's proof-of-work transaction verification process.
Other examples of Cryptocurrencies include
1. Litecoin. The Very second cryptocurrency founded in 2011 by Charlie Lee, a former Google engineer. It's main chain uses a slightly modified Bitcoin codebase.
2. Namecoin. Founded in 2011 by Vincent Durham. Also acts as an alternative, decentralized DNS.
3. Dodgecoin. Founded in 2013 by Jackson Palmer and Billy Markus. Based on the dodge internet meme.
4. Ripple (XRP) Founded in 2013 by Chris Larsen and Jed McCaleb. Designed for peer-to-peer debt transfer. Not based on bitcoin
✓ SPURPROTOCOL
"Designed to create a smooth transactional ecosystem across the crypto communities and improve community involvement."
Spurprotocol comes with a bunch of advantages over all the other Cryptocurrencies, as indicated in the white paper. Let's all campaign for spurprotocol in all ways, the future of this project lies in our hands as the spur community.
#Spurprotothemoon