What Are Cryptocurrencies? // Nationwide Building Society 2018-03-15T12:44:22-05:00

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We’ve experienced the advent of many new technologies in the past decade, but perhaps none has been as controversial (or confounding) as cryptocurrencies.

Bitcoin, the first digital currency, debuted in 2009 to both fanfare and scepticism. Some people believed it represented the currency of the future. Others saw it as a way for black market sellers to circumvent the law or as a scam that could rob investors of their money.

Nearly 10 years on and Bitcoin is still inspiring hope, criticism, and much heated debate. Bitcoin’s defenders — and cryptocurrency enthusiasts more broadly — insist the world is moving toward a more decentralised, digital financial system.

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