what is crypto
Crypto, short for cryptocurrency, refers to a type of digital or virtual currency that uses cryptography to secure and verify transactions and to control the creation of new units. Cryptocurrencies are decentralized and operate independently of a central bank or government. Bitcoin, Ethereum, and Litecoin are some of the most well-known cryptocurrencies. The technology behind cryptocurrencies is called blockchain, which is a decentralized, public ledger that records transactions in a secure and transparent manner. Cryptocurrencies have gained popularity in recent years due to their potential to offer faster and cheaper transactions and greater security and privacy compared to traditional financial systems. However, they are also known for their high volatility and regulatory challenges.
