I asked an AI to simply describe some of my favorite cryptocurrencies so that someone in 7th grade (age 12) can understand them

Bitcoin:

Bitcoin is a digital currency. It is a currency that you can use to buy things online. Bitcoin is a currency that doesn't have any government or person controlling it. It is a currency that you can use to buy things online. It is different from regular money because it is not created by any government or bank. It is created by people who use their computers to do special math problems. You can use Bitcoin to buy things online. It is a new kind of money.

Ethereum:

Ethereum is a computer system that's built using computer code. It's a network of computers that work together to do things. Ethereum has its own money, called Ether. People use Ether to buy things and to trade with each other. People use Ethereum to run special programs called smart contracts. These programs run without any people controlling them. They run on the computers in the Ethereum network.

DOGE:

Dogecoin is a digital currency. It is a type of money that can be used to buy things online. Dogecoin is based on a funny meme of a dog. The meme is a picture of a dog that is funny. Dogecoin was created by some people from Portland, Oregon and Sydney, Australia. Dogecoin is a fork of Litecoin. Fork means that it was created by copying the code from another digital currency. Elon Musk is a well-known businessman. He is the owner of Tesla. He likes Dogecoin.

Polygon:

Polygon is a solution to make transactions faster and cheaper on Ethereum. It is a layer 2 solution, which means it is a second layer that helps the original blockchain work faster. It helps the original blockchain work faster by making transactions faster and cheaper.

Cardano:

Cardano is a new kind of blockchain technology. It is like Ethereum but it is different. Cardano is trying to make a blockchain platform that is better than ethereum. Cardano is open source. That means that anyone can see the code that runs Cardano. Cardano is also a proof-of-stake blockchain. That means that people who own Cardano can earn money by helping to run the Cardano blockchain. It was started by a man named Charles Hoskinson. He is a very smart man.

Vechain:

VeChain is a new type of blockchain that is used to track goods in supply chains. It is used to track the history of goods, like where they came from, where they are now, and where they are going. It is used in lots of different industries including food, luxury goods, and medicine.

Litecoin:

Litecoin is a type of digital money that works on the internet. It is a cryptocurrency that was made to be very fast and very cheap to use. It is similar to bitcoin but it is faster and cheaper. Litecoin is different from Bitcoin in some ways. For example, Litecoin has a shorter block time. This means that Litecoin transactions are confirmed faster. Litecoin also has lower transaction fees. This means that it is better for buying things in shops or online.

The Graph:

The Graph is a software that helps stores data from blockchain applications. Blockchain applications are applications that use a blockchain to store information. The Graph stores data from the blockchain and stores it in a way that other applications can use it.

The Graph is a blockchain based software. It is a software that uses the blockchain. The blockchain is a way to store information. The Graph stores data from blockchain applications.

The Graph is open-sourced. That means that anyone can see how it works and anyone can use it.

The Graph has a mission. The mission is to help developers use data from blockchain applications.

The Graph is a decentralized software. That means that no one person controls it. The people who use it control.

Mysterium:

Mysterium is a company that is building a network that will be used by other companies to build privacy applications. It's a big network and it's made up of many smaller networks that are all connected together. The network will be used for privacy applications. It will be used to help people keep their information safe. It will also be used to help people communicate secretly.

Golem:

The Golem Network is a new way of getting computing done. It is a network of computers (a peer-to-peer network). The Golem Network is like a marketplace. People who need computing done (Requestors) can post jobs and people who have computers that can do the computing (Providers) can do the work. The Golem Network is a decentralized network. That means there is no one person in charge and no one person can tell anyone else what to do.

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What else shall I ask it to simplify? (please check the comments in case I've done yours already :) )