#USChinaTradeTalks Crypto, short for cryptocurrency, is a type of digital or virtual currency that uses cryptography for security. It operates independently of any central authority like a bank or government.

Key Features of Crypto:

Decentralized: Most cryptocurrencies run on blockchain technology — a distributed ledger system across a network of computers (nodes).

Secure: Transactions are verified using cryptographic algorithms, making them secure and tamper-proof.

Global: You can send and receive crypto anywhere in the world without relying on traditional banks.

Transparent: Blockchain records all transactions publicly, so anyone can verify them.

Limited Supply: Many cryptos, like Bitcoin, have a fixed supply, which can make them deflationary.

Popular Cryptocurrencies:

Bitcoin (BTC) – the first and most well-known.

Ethereum (ETH) – supports smart contracts and decentralized apps.

Solana (SOL), Polygon (MATIC), Cardano (ADA) – newer networks with specific improvements.

Use Cases:

Digital payments

Investment/Trading

Decentralized finance (DeFi)

NFTs and gaming

Remittances

Would you like to know how crypto is different from traditional money?