It is commonly accepted that cryptocurrency is a developing ecosystem that is steadily infiltrating the world's established financial systems. Both the commercial and governmental sectors are warming to the concept of using cryptocurrencies in financial transactions like as payments, asset storage, and investing. The origins of cryptocurrencies may be traced back decades, when cryptography began to make digital advancements. This is the technology that has contributed to the development and evolution of the many encryption algorithms that make bitcoin networks secure and trustworthy for various transactions.