#AirdropSafetyGuide "Crypto" is short for cryptocurrency, a type of digital or virtual currency that uses cryptography for security. Unlike traditional currencies issued by governments (like the dollar or rupee), cryptocurrencies are typically decentralized and run on blockchain technology.
Key points about crypto:
Blockchain: A public ledger that records all transactions.
Decentralized: No central authority (like a bank) controls it.
Bitcoin: The first and most well-known cryptocurrency.
Ethereum: Another major crypto, known for supporting smart contracts.
Use cases: Can be used for investment, payments, fundraising (via ICOs), or powering decentralized apps.
Would you like a simple example of how a crypto transaction works?