#BinanceTurns8 "Crypto" or "Crypto" primarily refers to cryptocurrency. Below is a simple explanation:
đ What is cryptocurrency?
Cryptocurrency is a digital currency that can be transacted over the internet and is secured using blockchain technology.
đĄ Common examples:
Bitcoin (BTC) â the first and most popular cryptocurrency.
Ethereum (ETH)
Ripple (XRP)
Dogecoin (DOGE)
đĻ How does it work?
Transactions are recorded using a technology called blockchain.
It is decentralized, meaning it is not controlled by any bank or government.
Transactions are encrypted, making it secure and private.
đ Why do people buy crypto?
