What is Crypto ?

Cryptocurrency, often referred to as "crypto," is a digital or virtual form of currency that uses cryptography for security. It operates on decentralized technology called blockchain, which is a distributed ledger enforced by a network of computers (nodes). Bitcoin was the first cryptocurrency, and since then, numerous others, like Ethereum and Ripple, have emerged. Cryptocurrencies can be used for various purposes, including online transactions and as investments.

Cryptocurrencies enable secure, peer-to-peer transactions without the need for intermediaries like banks. Blockchain, the underlying technology, ensures transparency and immutability of transaction records. Participants in the network validate transactions through consensus mechanisms, such as proof-of-work or proof-of-stake.

Besides transactions, blockchain technology has applications in smart contracts and decentralized applications (DApps), expanding its utility beyond a simple medium of exchange. However, the crypto market is known for its volatility, making it both a speculative investment and a subject of regulatory scrutiny. It continues to evolve, with ongoing developments in technology, regulations, and new use cases.