Cryptocurrency, or electronic currency, is an oft-repeated word in the financial world. Reports suggest that the cryptocurrency market came into existence after the group or person known as Satoshi Nakamoto released a white paper named ‘Bitcoin: A Peer-to-Peer Electronic Cash System’ during the global financial crisis of 2008. Bitcoin, the most popular form of cryptocurrency, has been floating in the currency market since 2009. One of the first known transactions was made in 2010 by an individual who used 10,000 bitcoins to order two pizzas! The idea behind cryptocurrency was to enable people to control their money without government interference or regulations.
Since 2010, the cryptocurrency market has been growing in leaps and bounds with the influx of several new entrants such as Ethereum, Litecoin, Ripple, and Dogecoin. Several of the world’s wealthiest people have invest …