The massive adoption of cryptocurrencies in recent years has revolutionized financial practices, attracting an ever-wider audience. However, one barrier remains: language. Between "blockchain," "wallet," "staking," and "airdrops," technical jargon can quickly become a barrier to understanding and, therefore, to real and secure adoption. Popularizing the key concepts of Web3 is therefore becoming an educational priority.

This article offers you an initial overview of essential terms, explained in a simple way, to help you better understand and use the world of crypto.

1. Why is it important?

Lack of familiarity with terms exposes users to costly mistakes: losing their keys, falling victim to scams, sending funds to the wrong address, or misunderstanding a project they're investing in. Making crypto terminology more accessible facilitates more inclusive, safer, and sustainable adoption.

2. Words of the day

  • Blockchain: Imagine a public, tamper-proof ledger shared by all. It's the infrastructure that allows all crypto transactions to be recorded in a transparent and decentralized manner.

  • Wallet: Literally "wallet." This is the application (or physical object) that allows you to store and manage your cryptocurrencies. There are online versions, software versions, and physical devices (cold wallets).

  • Private keys: Like your PIN, these prove that you own your funds. If you lose them, you lose access to your crypto.

  • Airdrop: Free distribution of tokens, often to reward a community or promote a project. Be careful, some may be tricky or fraudulent.

  • Staking: A way to make your crypto work for you. You deposit it on a network to contribute to its security and, in return, you earn rewards.

  • NFT (Non-Fungible Token): A unique digital asset, such as a work of art or a collectible, not to be confused with interchangeable cryptocurrencies like Bitcoin.

  • Smart contracts: autonomous programs running on the blockchain, which execute automatically when certain conditions are met. These are what make dApps (decentralized applications) possible.

This is just a glimpse. Dozens of other words deserve to be demystified: hash, dApps, oracle, bridge, DeFi, rug pull, DAO... If you want to discover, step by step, the vocabulary of Web3 and cryptos, subscribe to our account to not miss any of our series of mini-glossaries!

Disclaimer

This article is an educational resource and does not constitute financial advice. Investing in digital assets involves risks.



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