In 1983, the American cryptographer David Chaum conceived an anonymouscryptographic electronic money called ecash.[7][8] Later, in 1995, he implemented itthrough Digicash,[9] an early form of cryptographic electronic payments which required usersoftware in order to withdraw notes from a bank and designate specific encrypted keys before itcan be sent to a recipient. This allowed the digital currency to be untraceable by the issuingbank, the government, or any third party.

A cryptocurrency, crypto-currency, or crypto is a collection of binary data which is designed towork as a medium of exchange wherein individual coin ownership records are stored ina ledger which is a computerized database using strong cryptography to secure transactionrecords, to control the creation of additional coins, and to verify the transfer of coinownership.[1][2] Some crypto schemes use validators to maintain the cryptocurrency. In aproof-of-stake model, owners put up their tokens as collateral. In return, they get authority overthe token in proportion to the amount they stake.Best ways to know more about crypto currency:https://bit.ly/3a6JVTxhttps://bit.ly/3mk6NEY