Basic Knowledge of Cryptocurrency
Beginner's Guide to Cryptocurrency 🌐
I. Basic Concepts
🔹 **Blockchain**
- 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 certificate issued based on existing blockchains
- Types: Stablecoins (USDT/USDC), Governance Tokens (UNI), MEME Coins (DOGE), etc.
---
## 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
🔐 **Wallets**
- Hot Wallets (MetaMask/Trust Wallet)
- Cold Wallets (Ledger/Trezor Hardware Devices)
📊 **Data Platforms**
- CoinGecko (Token Market Cap Query)
- Dune Analytics (On-chain Data Analysis)
- DeFiLlama (DeFi Project Tracking)
---
IV. Risk Warning ❗
⚠️ 24/7 High Volatility (Daily price fluctuations may exceed 50%)
⚠️ High Risk of Contract Leverage (Extremely high liquidation risk)
⚠️ Frequent Project Scams (DYOR Principle: Do Your Own Research)
---
V. Learning Path
1️⃣ Understand the Bitcoin White Paper
2️⃣ Experience Wallet Creation and Transfers
3️⃣ Participate in Mainstream Coin Trading with Small Amounts
4️⃣ Follow Industry Media (Coindesk/BlockBeats)
#Bitcoin #Cryptocurrency #bbt
