These 40 cryptocurrency terms are a must-know for beginners in web3🔥
✌️ Basic Concepts
1. Blockchain 🔗 - A public ledger that records all transactions.
2. Bitcoin💸 - The pioneer of digital currency, born in 2009.
3. Ethereum 🏭 - A platform for developing smart contracts and dApps.
4. Smart Contract 🤖 - An automatically executed contract in code.
5. Token 🎟️ - A digital asset or right on the blockchain.
6. DApp 📱 - Decentralized applications.
7. DeFi 🏦 - Decentralized financial services.
8. Cryptocurrency Wallet 👜 - A tool for storing and managing digital currency.
9. Public Key & Private Key 🔐 - A key pair that protects assets.
10. Address 📍 - The account address for sending and receiving currency.
✌️ Mining and Consensus
11. Mining ⛏️ - Solving algorithmic problems to verify transactions.
12. Proof of Work (PoW) 💪 - Validating legitimacy through computational work.
14. Fork 🔄 - A permanent divergence in the blockchain.
15. Soft Fork & Hard Fork 🌟 - Compatibility changes in the blockchain.
🤟 Market and Investment
16. ICO 🚀 - Digital currency issuance similar to IPOs.
17. IEO 🌐 - Token sales conducted through exchanges.
18. Airdrop 🎈 - Free distribution of currency or tokens.
19. Token Standard 📏 - Defines the operational rules of tokens on the blockchain.
20. DAO 👥 - Autonomous governance of blockchain organizations.
21. Stablecoin 💲 - A digital currency with stable value.
22. NFT 🖼️ - A unique digital asset.
23. Liquidity Mining 💧 - Providing liquidity to earn rewards.
24. Cross-Chain 🌌 - Interoperability between different blockchains.
✌️ Trading Platforms
25. Cryptocurrency Exchange 📊 - A platform for trading different digital currencies.
26. CEX & DEX 🏦 - Centralized and decentralized trading platforms.
🤟 Wallets and Security
27. Cold Wallet & Hot Wallet 🧊❄️ - Secure and convenient storage options.
28. Mnemonic Phrase 🔑 - A keyword phrase for recovering a wallet.
29. HODL 🤲 - Holding long-term without selling.
30. FUD & FOMO 😱🏃 - Negative emotions that influence market sentiment.
🤟 Trading and Operations
31. Gas Fee 💸 - The fee required to execute operations.
32. Smart Contract Wallet 🛡️ - A wallet that provides additional features and security.
33. Multisignature 📝 - Transactions that require multiple signatures.
🤟 Mining Ecosystem
36. Mining Rig 🖥️ - Devices specifically designed for mining.
