BASIC CONCEPTS OF CRYPTOCURRENCY
Here are some basic concepts of cryptocurrency:
1. Blockchain: A decentralized, digital ledger that records transactions across a network of computers.
2. Cryptographic algorithms: Mathematical equations that secure transactions and control the creation of new units.
3. Decentralization: Cryptocurrencies operate independently of central banks and governments.
4. Mining: The process of verifying transactions and adding them to the blockchain, typically done by powerful computers.
5. Wallets: Software programs that store, send, and receive cryptocurrencies.
6. Private keys: Unique codes used to access and manage cryptocurrency wallets.
7. Public keys: Addresses derived from private keys, used to receive cryptocurrencies.
8. Tokens: Digital assets issued on top of another blockchain, often used for specific purposes.
9. Forks: Changes to a blockchain's protocol, resulting in a new version of the blockchain.
10. Smart contracts: Self-executing contracts with the terms of the agreement written directly into lines of code.