Crypto

Crypto, short for cryptocurrency, refers to a digital or virtual form of currency that uses cryptography for security. This technology enables secure and anonymous transactions over the internet. Cryptocurrencies operate on decentralized networks based on blockchain technology, which is a distributed ledger enforced by a network of computers (nodes). Unlike traditional currencies issued by governments, cryptocurrencies are typically not regulated by any central authority, making them less susceptible to government interference or manipulation.

The most well-known cryptocurrency is Bitcoin, created in 2009, but there are thousands of other cryptocurrencies available, such as Ethereum, Litecoin, and Ripple. Cryptocurrencies can be used for various purposes, including online purchases, investment, remittances, and fundraising for projects through initial coin offerings (ICOs). The value of cryptocurrencies can be highly volatile, leading to significant financial opportunities and risks for investors. In recent years, the adoption of cryptocurrencies has been increasing, leading to broader discussions about their potential impacts on the financial system and economy.