BITCOIN: What is Crypto Currency?

The "Crypto Currency" is digital cryptographically coded currencies, used for the direct, contactless transaction peer users, bypassing any intermediate part (State, banks, authorities). The transactions are based on a decentralized global network of Peer to peer users (P2P) that determines the value of the currency on the basis of supply and demand.

The first generation open Crypto Currency software was created in 2009