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Cryptocurrencies, as we know it today, made its first major breakthrough when Bitcoin (BTC) was launched in 2009. The idea behind Bitcoin was simple, yet profound - to create a decentralised currency that is not controlled by any central authorities, but by a network of computers across the globe. This was achieved through a technology called blockchain, a digital ledger that records all the transactions that take place within a particular system.

Over the past decade, cryptocurrencies have surged in popularity and usage across the globe. In addition to this, hundreds of other cryptocurrencies have been developed, with each having its unique aspects and utilities. Cryptocurrencies, which started merely as an idea, has grown into a market with a staggering market cap of over $2 trillion.

Historically, cryptocurrencies have had a profound impact on various sectors, from finance to supply chain management, healthcare, and more. It has altered how transactions are executed, contracts are dealt with, and data is managed and stored. This revolution has the potential to redefine the very dynamics of economies, making it one of the biggest inventions of the 21st century.

A distinguishing feature of cryptocurrencies is its decentralized nature. In a conventional system, a central authority like a government or a bank governs the currency. However, in a cryptocurrency setup, there is no central authority, making it democratic and transparent.

The transactions made with cryptocurrencies are immutable and transparent, thanks to the blockchain technology driving them. Once the transaction is recorded, it cannot be changed, thereby eliminating fraud and deception.

Cryptocurrencies provide the ability for unbanked or underbanked populations to gain access to financial services through just a mobile phone. With cryptocurrencies, one need not worry about cross-border transaction fees or regulatory controls, making it perfect for international money transfers.

One of the key variants of cryptocurrencies, BGB, is another marvelous example of the possibilities and flexibilities that cryptocurrencies can provide. BGB is a digital cryptocurrency that employs cryptography for secure peer-to-peer transactions, similar to other cryptocurrencies.

However, it is important to note that cryptocurrencies are volatile. The prices can surge or plummet dramatically over the course of a single day. Therefore, investors must tread cautiously and be well informed about the market dynamics before jumping into any investment.

Despite this, the historical significance of cryptocurrencies is undeniable. It has not just introduced a novel digital asset class but also ushered a fundamental shift in the way we perceive and use money. The future holds cryptocurrencies in high regard, with more businesses and individuals increasingly integrating cryptocurrencies into their operations. As the world we live in continues to evolve technologically, so will the role and influence of cryptocurrencies. In conclusion, the history of cryptocurrencies will forever remain a testament to human innovation and progress.