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)