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Lesson 1.1
Lesson 1.2

The Evolution of Cryptocurrencies

4 minutes
Watch the instructional video before starting the quiz
Description
The world of cryptocurrencies sprang up during the 2008 financial crisis. Picture a time of failing banks and shaky economies. That's when Bitcoin emerged, thanks to the mysterious Satoshi Nakamoto. Bitcoin revolutionized money by using blockchain technology, which allows secure, transparent money management without any central authority. It was a first in solving the double-spend problem digitally. Fast forward, and we now have a bouquet of cryptocurrencies, like the pioneering Bitcoin and Ethereum with its smart contracts, plus our Shariah-compliant Islamic Coin. Cryptocurrencies are more than just digital cash; they're creating an inclusive financial system, simplifying transactions across borders, and bringing unmatched security and transparency to our transactions. Imagine sending money worldwide as easily as texting, or being part of the global economy from any corner of the earth. That's the magic we're talking about! We're at the brink of a financial evolution that could change society's very fabric.