#cryptobasicspart1 Crypto Basics: A Simple Introduction
Cryptocurrency, often called crypto, is a form of digital money that runs on blockchain technology. Unlike traditional currencies controlled by banks or governments, crypto is decentralized, meaning transactions are verified by a global network of computers.
Popular cryptocurrencies like Bitcoin and Ethereum allow people to send and receive money securely without intermediaries. Every transaction is recorded on a public ledger (the blockchain), making it transparent and hard to alter.
Crypto is used for payments, savings, trading, and building digital applications. While it offers fast transactions and financial freedom, it also comes with risks such as price volatility and security concerns. Understanding the basics is the first step to using crypto wisely and safely.