A cryptocurrency, at its most basic level, is a digital asset that uses computer code and blockchain technology to operate independently of a central entity - whether it is a person, company, central bank, or government - to control the system. Also, bitcoin was the first cryptocurrency to gain popularity.

Blockchains are complex computer networks that use coding as well as mathematics to create them. Unlike fiat currencies, which are issued by governments and regulated by banking authorities, cryptocurrency is fully decentralized, with no government or authority issuing or regulating it.
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It acts as a public ledger that records bitcoin transactions. This transaction ledger is kept on multiple computers connected by a dispersed network.

In bitcoin protocols, transactions are aggregated into blocks, which are then linked together to create a historical record of everything that has transpired on the blockchain.