#TrumpTaxCuts 12. The Lord of the Rings: The Two Towers"Crypto" usually refers to cryptocurrency, which is a type of digital or virtual currency that uses cryptography (advanced coding techniques) to secure transactions, control the creation of new units, and verify asset transfers.
The most famous cryptocurrency is Bitcoin, but there are thousands of others, like Ethereum, Solana, and Dogecoin.
Key points about crypto:
Decentralized: Most cryptocurrencies are not controlled by a government or a central bank.
Blockchain technology: Cryptocurrencies run on blockchains, which are public, tamper-proof digital ledgers.
Ownership: You control crypto through a private key, a special password that proves you own the assets.
Volatile: Crypto prices can rise or fall very quickly.
Would you like a simple example of how a crypto transaction works?