#Bitcoin2025 "Crypto" is short for cryptocurrency, which is a type of digital or virtual currency that uses cryptography for security. Unlike traditional currencies like the dollar or euro, cryptocurrencies are decentralized and typically run on blockchain technology.
Here’s a simple breakdown:
Key Features of Crypto:
Decentralized: Not controlled by a government or central bank.
Blockchain-based: Transactions are recorded on a public ledger.
Secure: Uses cryptographic techniques to secure transactions and control the creation of new coins.
Digital: Exists only online—no physical coins or bills.
Popular Cryptocurrencies:
Bitcoin (BTC) – The first and most well-known.
Ethereum (ETH) – Supports smart contracts and decentralized apps.
Binance Coin (BNB), Solana (SOL), Cardano (ADA), and others.
Common Uses:
Investment or trading
Online payments
Decentralized finance (DeFi)
Non-fungible tokens (NFTs)