SRAM stands for Static Random-Access Memory, which is a type of random-access memory (RAM) that uses latching circuitry (flip-flop) to store each bit. Unlike dynamic RAM (DRAM), which must be continuously refreshed, SRAM does not have this requirement, resulting in better performance and lower power usage. However, SRAM is more expensive than DRAM and requires more space, so it is typically used for the cache and internal registers of a CPU while DRAM is used for a computers main memory. SRAM is volatile memory, meaning data is lost when power is removed. SRAM is much faster than DRAM and has greater storage, but it takes less power to perform. Static RAM is used in various electronic applications including toys, automobiles, digital devices, and computers.