Basic Knowledge of the Cryptocurrency World - A Beginner's Guide 🌐

I. Basic Concepts

Blockchain**

- A decentralized digital ledger, data is transparent and immutable (e.g., Bitcoin network records a block every 10 minutes)

Cryptocurrency (Crypto)**

- Digital assets based on blockchain technology, representing:

Bitcoin (BTC): The first digital currency, total supply of 21 million coins

Ethereum (ETH): A blockchain platform supporting smart contracts

Token**

- Digital rights certificates issued based on existing blockchains

- Types: Stablecoins (USDT/USDC), Governance tokens (UNI), MEME coins (DOGE), etc.

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II. Core Ecosystem Components

Infrastructure**

- Public Chain (Solana/BNB Chain)

- Layer 2 scaling solutions (Arbitrum/Base)

- Cross-chain bridges (Polygon Bridge)

Financial System**

- CEX centralized exchanges (Binance/OKX)

- DEX decentralized exchanges (Uniswap/PancakeSwap)

- Lending protocols (Aave/Compound)

Application Scenarios**

- NFT digital collectibles (BAYC Bored Apes)

- GameFi blockchain games (Axie Infinity)

- Metaverse virtual land (Decentraland)

--- III. Essential Tools

🔐 **Wallet**

- Hot Wallets (MetaMask/Trust Wallet)

- Cold Wallets (Ledger/Trezor hardware devices)

📊 **Data Platforms**

- CoinGecko (Token market cap inquiry)

- Dune Analytics (On-chain data analysis)

- DeFiLlama (DeFi project tracking)

IV. Risk Warning

24/7 extreme volatility (daily price changes may exceed 50%)

Reasonable use of contract leverage

Frequent project exit scams/scams (DYOR principle: Do Your Own Research)

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V. Learning Path

1️⃣ Understand the Bitcoin whitepaper

2️⃣ Experience wallet creation and transfers

3️⃣ Participate in mainstream coin trading with small amounts

4️⃣ Follow industry media (Coindesk/BlockBeats)