Crypto

Crypto, short for cryptocurrency, refers to a form of digital or virtual currency that employs cryptography for security. Cryptocurrencies leverage blockchain technology, which is a decentralized ledger system that records all transactions across a network of computers. The most well-known cryptocurrency is Bitcoin, but there are thousands of others, including Ethereum, Ripple, and Litecoin.Cryptocurrencies are designed to work as a medium of exchange, enabling peer-to-peer transactions without the need for a central authority, such as a bank or government. This decentralization aims to provide greater transparency and security, as the blockchain is immutable and publicly accessible.Crypto can also refer to the broader ecosystem that encompasses various blockchain technologies, digital wallets used for storing cryptocurrencies, and the exchanges where users can trade these digital assets. Due to their unique properties, cryptocurrencies have gained popularity as an alternative investment, a means of transferring value, and in some cases, a way to enable smart contracts and decentralized applications (dApps).