What is cryptocurrency?
What is cryptocurrency?
Cryptocurrency (Crypto) is a digital asset based on blockchain technology, such as Bitcoin (BTC) and Ethereum (ETH). It
is characterized by decentralization—there are no banks or governments controlling it, and all transaction records are public, transparent, and immutable.
～Common Terms Explained
Blockchain: A distributed database, like a globally shared ledger.
Wallet: A tool for storing crypto assets (there are cold/hot wallets, differing in security).
DeFi: Decentralized financial services, such as lending and trading, without traditional banks.
！Risk Awareness
！Cryptocurrency prices are highly volatile and can surge or plummet in a short period.
！Global regulatory policies vary greatly; some countries prohibit related transactions (please understand local regulations).
！Be sure to keep your private key safe! Losing your private key = permanently losing your assets.
Technical Knowledge
The total supply of Bitcoin is 21 million coins, generated through "mining."
Ethereum supports smart contracts and is the underlying platform for many applications.
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