Cryptocurrency (often called crypto) is a type of digital currency that uses blockchain technology to record transactions securely and transparently. Unlike traditional money, crypto isn’t controlled by banks or governments—it’s usually decentralized.
Key Features of Crypto
Decentralization – No single authority controls it; transactions run on a global network.
Blockchain – A public digital ledger that records every transaction.
Security – Uses cryptography to keep funds and data safe.
Global Access – Anyone with internet can send or receive crypto.
Volatility – Prices can rise or fall quickly, creating both opportunities and risks.
Popular Cryptocurrencies
Bitcoin (BTC): The first and most well-known cryptocurrency, often called “digital gold.”
Ethereum (ETH): A blockchain that supports smart contracts and decentralized apps.
Stablecoins (e.g., USDT, USDC): Pegged to real-world assets (like the US dollar) to reduce volatility.
Uses of Crypto
Digital Payments – Sending money across borders quickly and cheaply.
Investment & Trading – Many buy crypto as an asset hoping its value will increase.
DeFi (Decentralized Finance): Borrowing, lending, and earning interest without banks.
NFTs & Web3: Owning digital art, music, and participating in next-generation internet apps.
⚠️ Note: Crypto can bring big profits, but also big losses. It’s important to research well and only invest what you can afford to lose.
