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is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency.12 Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies. crypto currency Bitcoin became the first decentralized cryptocurrency in 2009 Since then, numerous cryptocurrencies have been created these are frequently called altcoins, as a blend of bitcoin alternative Bitcoin and its derivatives use decentralized control as opposed to centralized electronic money/centralized banking systems The decentralized control is related to the use of bitcoin’s blockchain transaction database in the role of a distributed ledger. central bank representatives have stated that the adoption of cryptocurrencies such as bitcoin pose a significant challenge to central banks’ ability to influence the price of credit for the whole economy he Dogecoin Foundation, a charitable organization centered around Dogecoin and co-founded by Dogecoin co-creator Jackson Palmer, donated more than $30,000 worth of Dogecoin to help fund the Jamaican bobsled team’s trip to the 2014 Olympic games in Sochi, Russia 35823
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