Explaining crypto to a 10yrs plus child

Cryptocurrency is a decentralized form of digital currency, meaning that it’s not controlled by any government or financial institution. Instead, it’s based on a system of trust and verification that’s managed by the network of computers that make up the blockchain.

When you make a transaction with cryptocurrency, it’s processed by a network of computers called “nodes” that are connected to the blockchain. These nodes work together to verify the transaction and add it to the blockchain’s ledger, which is a record of all the transactions that have ever been made with the cryptocurrency.