14/04/2025
This content is for beginners to understand the upcoming sessions.
Content #4
1. Blockchain
A digital record book (like a spreadsheet) that stores information in a secure and unchangeable way. It’s the technology behind most cryptocurrencies.
2. Cryptocurrency
A digital form of money (like Bitcoin or Ethereum) that runs on blockchain technology and is not controlled by any government or bank.
3. Wallet
An app or device that stores your crypto. Think of it like a digital wallet that keeps your money safe.
Hot Wallet: Connected to the internet (easy access, but more risk).
Cold Wallet: Offline (safer from hackers).
4. Private Key & Public Key
Public Key: Like your email address – you can share it to receive crypto.
Private Key: Like your password – never share it, or someone can steal your funds.
5. Exchange
A platform where you can buy, sell, or trade cryptocurrencies (e.g., Binance, Coinbase).
6. Token
A type of crypto asset created on another blockchain. For example, many tokens run on Ethereum’s blockchain.
7. Altcoin
Any cryptocurrency that isn’t Bitcoin. (e.g., Ethereum, Solana, Cardano)
8. Stablecoin
A type of crypto tied to real-world money like the US Dollar, aiming to stay stable in value (e.g., USDT, USDC).
9. Mining
The process of using computers to solve puzzles to earn new crypto and confirm transactions on a blockchain (common with Bitcoin).
10. Gas Fee
A small fee you pay when you do things on a blockchain (like sending crypto). It goes to the network validators.
11. DeFi (Decentralized Finance)
Financial tools (like lending, borrowing, or trading) built on blockchain that don’t need banks or middlemen.
12. NFT (Non-Fungible Token)
A unique digital item (like art, music, or collectibles) that you can own, sell, or trade.
13. Rug Pull
A scam where developers suddenly run away with investors' money after hyping a fake project.
14. Pump and Dump
A scheme where a coin’s price is artificially boosted ("pumped") and then sold off for profit, causing it to crash.
15. HODL
A fun misspelling of "hold" – meaning to keep your crypto long-term, not sell it during market drops.
