1. What is Crypto?
Crypto (short for Cryptocurrency) is digital money that operates on a blockchain.
It doesn’t exist physically like cash or gold, but as encrypted codes secured by cryptography.
2. Key Features of Crypto
Decentralized: not controlled by any central bank or government.
Secure: uses encryption algorithms to protect transactions.
Transparent: all transactions are stored on the blockchain for public verification.
Impossible to counterfeit: must be verified by the network.
Global transactions: only requires the internet.
3. How Does Crypto Work?
Each transaction (e.g., you send Bitcoin to someone) is broadcast to the blockchain network.
Nodes (computers) in the network verify the transaction.
Once verified, it is recorded into a block and added to the blockchain.
Both sender and receiver can view the transaction on the blockchain.
4. Common Types of Crypto
Bitcoin (BTC): the first cryptocurrency, launched in 2009.
Ethereum (ETH): a platform for smart contracts.
Stablecoins (USDT, USDC): stable value, usually pegged to USD.
Altcoins: all other coins besides Bitcoin (BNB, ADA, SOL…).
Tokens: assets issued on an existing blockchain (e.g., tokens on Ethereum).
5. Applications of Crypto
Payments for goods/services.
Investing & trading for profit.
Smart contracts.
Blockchain games & NFTs.
Fast, low-cost international transfers.
6. Benefits and Risks
Benefits:
Fast, global transactions.
No need for banks.
Transparent and secure.
Risks:
High price volatility.
Risk of scams or hacks.
Restricted or banned in some countries.
7. How to Acquire Crypto
Buy on exchanges: Binance, Coinbase…
Mining: using computers to solve algorithms.
Rewards: Airdrops, Staking...
Accept payments in crypto.
8. Things to Remember Before Starting
Always research carefully before investing (DYOR – Do Your Own Research).
Use secure wallets (hardware wallet or reputable software wallet).
Start with small capital.
Understand the legal regulations in your country.
Conclusion
Crypto is digital money built on blockchain, secured by cryptography, enabling transparent, fast, and borderless transactions but it comes with high risks.
