- Blockchain:
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A decentralized digital ledger that records transactions across many computers. Once data is recorded in a block and added to the chain, it is extremely difficult to change, ensuring transparency and security.
- Cryptocurrency:
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A digital or virtual currency that uses cryptography for security and operates on decentralized networks, usually based on blockchain technology.
- Digital Wallet:
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A secure software or hardware solution that stores your cryptocurrency private keys and allows you to send, receive, and manage your digital assets.
- Mining:
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The process of validating and adding new transactions to a blockchain by solving complex mathematical puzzles. Miners are rewarded with cryptocurrency.
- Smart Contract:
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Self-executing code on a blockchain that automatically enforces the terms of a contract when predetermined conditions are met.
- Tokenomics:
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The economic structure and incentives behind a cryptocurrency or token, including its supply, distribution, and utility within its ecosystem.
- Exchange:
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A platform where users can buy, sell, and trade cryptocurrencies. Exchanges vary from centralized to decentralized platforms.
- ICO (Initial Coin Offering):
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A fundraising method in which new cryptocurrency projects sell their tokens to early investors in exchange for capital.
- DeFi (Decentralized Finance):
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Financial services and applications built on blockchain technology that operate without traditional centralized intermediaries like banks.
- NFT (Non-Fungible Token):
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A unique digital asset that represents ownership of a specific item or piece of content, typically verified using blockchain technology.