Crypto (Cryptocurrency) is a form of electronic money or digital currency or virtual currency that is a digital asset designed to function as an intermediary of exchange through the use of cryptography. to secure its transactions, to control the creation of additional units, and to verify asset transfers.
Cryptocurrency is a digital currency built on blockchain technology. The special thing about cryptocurrency is that there is no central financial institution that controls or manages it. Instead, transactions and management are carried out by a globally distributed network of computers, known as the blockchain.
Blockchain is a type of distributed database, encrypted and linked together through data blocks. Each block contains information about the latest transactions and is linked to previous blocks, forming an unmodifiable chain.
Some popular examples of cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). These cryptocurrencies can be used to conduct online transactions, transfer money between parties without any intermediaries, and even be used as an investment vehicle.
