🧵 Crypto Basics: Understand the fundamentals in 2 minutes! 🚀
📌 1️⃣ What is cryptocurrency?
A digital currency secured by cryptography, which makes it almost impossible to counterfeit or double-spend.
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📌 2️⃣ What makes crypto special?
✅ Decentralized (no single owner)
✅ Borderless & fast
✅ Limited supply (e.g., Bitcoin has only 21 million)
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📌 3️⃣ What is the blockchain?
A public, digital ledger where all transactions are recorded.
It’s transparent, secure, and maintained by a global network.
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📌 4️⃣ What is Bitcoin?
The first and most famous cryptocurrency.
Created in 2009 to let anyone send value without a bank.
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📌 5️⃣ What are altcoins?
Any cryptocurrency other than Bitcoin.
Examples: Ethereum, BNB, Solana, etc.
Each has its own purpose and technology.
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📌 6️⃣ What is a wallet?
Your digital tool to store, send, and receive crypto.
Types:
🔐 Hot wallet (online, easy to use)
🛡 Cold wallet (offline, safer for storage)
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📌 7️⃣ How to keep your crypto safe?
Never share your seed phrase
Use two-factor authentication (2FA)
Consider a hardware wallet for larger amounts
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✅ Learning crypto step by step makes it less scary!
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