Crypto (short for cryptocurrency) is a type of digital money that uses cryptography to secure transactions and typically operates on decentralized computer networks rather than being controlled by a government or bank.

Here’s a simple way to think about it:

• Traditional money: Managed by banks and central governments.
• Cryptocurrency: Managed by a distributed network of computers that follow agreed-upon rules.

How it works

Most cryptocurrencies run on a technology called a blockchain.

A blockchain is:

• A public digital ledger that records transactions.
• Shared across thousands of computers.
• Difficult to alter because many participants maintain copies and verify updates.

For example:

1. Alice sends Bob 0.1 Bitcoin.
2. The network verifies the transaction.
3. The transaction is added to the blockchain.
4. Bob receives the Bitcoin