How did cryptocurrencies start?

As a curious observer of the financial landscape, I'm often intrigued by the origins of new phenomena, especially those that have the potential to reshape entire industries. Cryptocurrencies, in particular, have captivated my attention due to their revolutionary nature and rapid rise in popularity. So, how did these digital currencies first come to be? Was it a stroke of genius from a single individual, or was it a collective effort born out of a shared vision? What were the initial motivations and challenges faced by the pioneers of this movement? Understanding the genesis of cryptocurrencies could provide valuable insights into their future potential and impact on the global economy.