#PowellRemarks

Crypto, short for cryptocurrency, is a type of digital or virtual money that uses cryptography to secure transactions. Unlike traditional currencies like the dollar or euro, crypto is usually decentralized and operates on a technology called blockchain.

Here's a simple breakdown:

Digital only: You can’t hold it in your hand—it's completely online.

Blockchain-based: A blockchain is like a public ledger or record book, keeping track of all transactions.

Decentralized: No single bank or government controls it; it's run by a network of computers.

Examples: Bitcoin, Ethereum, Solana, and Dogecoin are some popular cryptocurrencies.

People use crypto for many things: online payments, investing, trading, or even as part of new technologies like decentralized apps and NFTs.

Want to dive deeper into how it works or what it's used for?