👨💻 Today we will explore the main crypto terms
🟢 Hash – a fixed-length code obtained as a result of transforming data using a hash function. It is a full-fledged “fingerprint” of your transaction document.
🟢 Node – a computer in the blockchain network that stores a copy of the blockchain and verifies transactions.
🟢 Mining – the process of solving cryptographic tasks to confirm new blocks and receive rewards (cryptocurrency).
🟢 DeFi (decentralized finance) – platforms for financial operations (loans, exchange, staking) without intermediaries (banks).
🟢 NFT (non-fungible tokens) – a digital asset that confirms your ownership rights to works of art, music, videos, or game items.
🟢 Gas – the fee for conducting transactions in the blockchain network.
🟢 Smart contract – a program that automatically executes the terms of agreements between parties.