What does the tremolo do on a guitar?
Tremolo is a volume-based modulation. A tremolo effect rapidly raises and lowers the volume of your audio signal, which creates a sensation of motion.
Is tremolo bad for guitar?
There is no any harm whatsoever a whammy bar can do to your guitar. Of course, you can notice some tuning stability issues when you use it, but it's probably not because of a whammy bar itself.
Does every guitar have a tremolo?
Taking a look at the history of tremolo guitars, the single most common type guitarists have been using up until recently would be that of the non-locking variety, and most any guitar before the late '70s would have had a tremolo bridge of this type as well.