What is Crypto? Cryptocurrency, commonly known as Crypto or electronic money, is a form of digital currency that uses cryptography to securely transact financial transactions, control the creation of new units, and verify the transfer of assets. It operates on decentralized networks called Blockchain, which are public ledgers maintained by a network of computers.

Crypto has 5 outstanding characteristics: decentralization, digitization, peer-to-peer, anonymity and globality.

Unlike traditional government-issued fiat currencies, cryptocurrencies are not controlled by any central authority. Instead, they rely on cryptographic principles to secure transactions and govern the creation of new units.

At the heart of Crypto is the concept of decentralization. Instead of relying on central banks or governments, cryptocurrencies use consensus mechanisms, such as proof of transaction or proof of stake, to authenticate and record transactions on the Blockchain.

This decentralized nature ensures transparency, immutability, and security in the face of government censorship or manipulation.

Crypto is emerging as a revolutionary concept, changing the way we perceive and interact with money. It has disrupted traditional financial systems, providing individuals with greater control over their assets, increased security, and the potential for fast, low-cost transactions.