What is a RC Transponder? How To Install a Mylaps RC4

Every RC racer needs a transponder to race. But what is it and how does it work.
Transponder - rcmadness.com/product/mylaps-...
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[@NaughtyGoatFarm]

These transponders are ridiculously expensive given how simple they are.

[@gwcrispi]

Monopoly

[@islandrc-duke1972]

cool install and info

[@josephsias1319]

NICE LOOKING BATTERY IN THAT BUGGY!! NEW?

[@LukazRC]

This didn't show anything just how to plug it in... So where is the laps times how do you see them

[@andrewsumner5388]

What’s the difference between the 2 wire n 3 wire other then price?

[@mysticaldragon2740]

2 wire aka the hybrid, can be used with the older my lap system

[@okiedoak201]

Thanks for the video....stupid question...the transponder can be used in two vehicles at a race?...by switching between cars...or does each vehicle require a transponder

[@RCMadnessHobby]

It can be switched between cars

[@HunterTravels]

This was a question I had as well since I am a noob and did my first race borrowed one from the track.

[@HunterTravels]

@@RCMadnessHobby thank you for the answer.