There are at least national 180 currencies that are recognized in the world. The same rule works with digital currencies - there are different types of cryptocurrencies, for example, Bitcoin, Ether (ETH) or Litecoin (LTC).
The development of cryptocurrencies has led to changes in the world. Before 2009 no one could even imagine that you can receive profit for solving certain algorithms. People were used to ordinary currency which you can hold in your hands. But cryptocurrency is completely different. In order to achieve a crypto coin, you need to find a block within a chain and to solve this block. Blocks are solved by specific machines called ASICs.
Several years ago, people found out about a new way of earning money - by mining bitcoins. For most of the population of planet Earth this cryptocurrency meant nothing, mostly because people had no clue how it can be used and what you can buy with it. But trading industry immediately understood its value, that’s why the cost of bitcoins was so high at the beginning.
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