Crypto (short for cryptocurrency) is a type of digital or virtual currency that uses cryptography to secure transactions. Unlike traditional money issued by governments (fiat currency), cryptocurrencies operate on decentralized networks based on blockchain technology.

Key Features of Crypto:

1. Decentralized – Not controlled by banks or governments.

2. Blockchain-Based – Transactions are recorded on a public ledger.

3. Secure – Uses encryption to prevent fraud and hacking.

4. Fast & Global – Can be sent anywhere in the world instantly.

5. Limited Supply – Many cryptos, like Bitcoin, have a fixed supply, preventing inflation.

Popular Cryptocurrencies:

Bitcoin (BTC) – The first and most valuable cryptocurrency.

Ethereum (ETH) – Known for smart contracts and decentralized apps.

Binance Coin (BNB) – Used for trading and fees on Binance.

Tether (USDT) – A stablecoin pegged to the U.S. dollar.

Solana (SOL), XRP, Cardano (ADA), Dogecoin (DOGE) – Other well-known cryptos.

Uses of Crypto:

Investment & Trading – Buying and selling for profit.

Payments – Some businesses accept crypto for goods and services.

DeFi (Decentralized Finance) – Earning interest, lending, and borrowing without banks.

NFTs & Gaming – Used in digital art, gaming, and collectibles.

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