Before we go any further, about cryptocurrencies, take a look at Bitcoin. Understanding the basics of Bitcoin is necessary for traders who are interested in adding cryptocurrencies to their trades. Created in 2009 by a person or a group of people under the name Satoshi Nakamoto, Bitcoin is designed to facilitate fast payments without going through central jurisdiction.
The idea of a revolution based technology that is also evolving is called blockchain / blockchain. Think of the blockchain as a publicly available document in which all Bitcoin transactions are stored. The reason why Bitcoin can operate without the need for a bank is because blockchain technology allows crypto currency transactions to be available for everyone to view and verify.
