#USCryptoWeek "Crypto" or "Crypto" is generally used to refer to cryptocurrency.
What is Cryptocurrency?
Cryptocurrency is a digital or virtual currency that is secured using cryptography. It is not issued by any government or central bank, but is managed through a technology called blockchain.
Some popular cryptocurrencies:
Bitcoin (BTC) – the first and most well-known cryptocurrency
Ethereum (ETH) – famous for smart contracts
Binance Coin (BNB)
Solana (SOL)
Ripple (XRP)
Characteristics of Cryptocurrency:
Decentralized – not controlled by any single authority
Digital – transactions only occur online
Limited supply (for example, there will be a total of 21 million coins of Bitcoin)
Uses:
Buying goods or services online
Investing
Easily conducting international money transactions
Using in NFT or Web3 projects