What is the difference between cryptocurrency and regular currency?

A cryptocurrency is a digital or virtual token that can be used to secure transactions and create new units. Because cryptocurrency is a decentralized technology, it is not subject to government regulation or control. Unlike traditional currencies, cryptocurrencies use a distributed network in order to validate transactions.

What is crypto used for?

A cryptocurrency is a digital-only token. It uses cryptography (hence the shortened name, "crypto") to regulate how the tokens are created, how they're traded, and how secure they are. And (here's the key appeal for many) it doesn't use or need a central bank or government to control or manage them.

What is the definition of crypto?

A cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. [2]