Explore my portfolio mix. Follow to see how I invest!Crypto" is a short form of the term "cryptocurrency." In Maona, as in many places, cryptocurrency refers to a digital currency that uses encryption to secure transactions and is decentralized, meaning it's not controlled by a central authority like a bank or government.
Here's a more detailed explanation:
What is Cryptocurrency?
Digital Money:
Cryptocurrencies are digital or virtual currencies that exist only in the form of computer code.
Decentralized:
Unlike traditional currencies, cryptocurrencies are not controlled by a central bank or government, but instead operate on a peer-to-peer network.