We live in the era of blockchain technology, also known as "blockchain," which is a digital ecosystem that ensures the validity of information in all electronic commerce transactions through the use of mathematical algorithms or computer protocols that provide users with speed, security, and low costs.
Virtual currencies were born as a result of blockchain technology, which uses cryptography to secure the security and authenticity of financial transactions as well as govern the production of new cryptocurrency units.
Bitcoin was the first digital money to hit the market in 2009. Its goal was to remove financial intermediation in commercial transactions, decentralize procedures, and give consumers, not banks, authority.