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List of Crypto Terminology:
✅Cold Storage: The practice of keeping cryptocurrency offline, often in a hardware wallet, to protect it from hacking.
✅Cryptocurrency: A digital or virtual currency that uses cryptography for security and operates independently of a central bank.
✅Cryptography: The practice of secure communication through the use of codes.
✅Decentralized: A system that is not controlled by a single entity or group.
✅Distributed Ledger: A shared database that is maintained by a network of computers rather than a central authority.
✅Fiat Currency: Traditional currency that is issued and backed by a government.
✅FOMO: Fear Of Missing Out; the feeling that you might miss out on a potentially profitable opportunity.
✅Fork: A split in a cryptocurrency's blockchain that results in the creation of a new coin.
✅ICO: Initial Coin Offering; a fundraising event in which a new cryptocurrency project sells part of its cryptocurrency tokens to early adopters.
✅Mining: The process of verifying and adding transactions to a cryptocurrency's blockchain in exchange for a reward.
✅Node: A computer that is connected to a cryptocurrency's blockchain network and helps to validate and relay transactions.
✅Private Key: A secret piece of data that is used to authorize cryptocurrency transactions.
✅Public Key: A cryptographic code that is used to receive cryptocurrency.
✅Satoshi: The smallest unit of a Bitcoin, named after the pseudonym of Bitcoin's creator, Satoshi Nakamoto.
✅Smart Contract: A self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code.
✅Token: A digital asset that represents a specific use or value within a cryptocurrency network.
✅Wallet: A digital or physical device that stores cryptocurrency.
✅$BTC
Whale: An individual or group with a significant amount of cryptocurrency.