- Bitcoin: The first and most well-known cryptocurrency, Bitcoin is a decentralized digital currency that uses peer-to-peer technology to facilitate instant payments.
- Blockchain: A blockchain is a decentralized, distributed ledger that records transactions on multiple computers. It is used to validate and store transactions in a secure and transparent manner.
- Cryptocurrency: A cryptocurrency is a digital or virtual currency that uses cryptography for security and is not backed by any central authority, such as a government or bank.
- Altcoin: Any cryptocurrency other than Bitcoin is considered an altcoin.
- Mining: The process of verifying and adding transactions to the blockchain is known as mining. Miners use special software to solve mathematical problems and are rewarded with a small amount of the cryptocurrency for their efforts.
- Wallet: A digital wallet is a software program that stores your cryptocurrencies and allows you to send and receive them.
- Exchange: A cryptocurrency exchange is a platform where you can buy and sell cryptocurrencies using fiat money or other digital assets. Visit https://www.binance.com/en
- Fiat money: Traditional, government-issued currency, such as the US dollar, is known as fiat money.
- ICO: An initial coin offering (ICO) is a fundraising event in which a new cryptocurrency project sells a portion of its tokens to early backers in exchange for funding.
- Token: A token is a unit of value that represents a digital asset. It can be used to buy and sell goods and services, or it can be used as a representation of an asset, such as a stock or bond.
- Market cap: The market capitalization of a cryptocurrency is the total value of all the coins in circulation, calculated by multiplying the total number of coins by the current market price. Visit https://coinmarketcap.com/
- Trading volume: The trading volume of a cryptocurrency is the total number of coins that have been traded over a specific period of time.
- Bear market: A bear market is a period of declining prices and negative market sentiment.
- Bull market: A bull market is a period of rising prices and positive market sentiment.
- HODL: HODL is a term often used in the crypto community to refer to holding onto a cryptocurrency, even during times of market volatility or decline.
- FOMO: FOMO, or fear of missing out, is the feeling of anxiety or urgency to buy a cryptocurrency because of its increasing price or popularity.
- FUD: FUD, or fear, uncertainty, and doubt is a tactic used to spread negative information about a cryptocurrency in order to drive down its price.
- Whitepaper: A whitepaper is a detailed document that outlines the technical and logistical aspects of a cryptocurrency project. It is often used to explain the purpose and capabilities of the project to potential investors.
- Hard fork: A hard fork is a permanent split in the blockchain that creates a new version of the cryptocurrency. It occurs when a significant number of users disagree with the current rules and decide to create a new version of the cryptocurrency that adheres to different rules.
- Soft fork: A soft fork is a temporary split in the blockchain that creates a new version of the cryptocurrency. It occurs when a small group of users disagree with the current rules and decide to create a new version of the cryptocurrency that adheres to different rules. However, unlike a hard fork, a soft fork is backward compatible, meaning that the new version can still interact with the old version.
