What is crypto

 



Crypto, short for cryptography, refers to the use of algorithms and mathematical techniques to secure and protect information in digital systems. It involves encoding or encrypting data so that it can only be accessed or deciphered by authorized parties. 


In the context of finance and technology, crypto often refers to cryptocurrencies. These are digital or virtual currencies that leverage cryptography for secure financial transactions, control the creation of new units, and verify the transfer of assets. Examples of cryptocurrencies include Bitcoin, Ethereum, and Ripple. Cryptocurrencies are decentralized and typically operate on distributed ledger technology called blockchain, which ensures transparency, security, and immutability of transactions.

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