Here are some common cryptocurrency terms:
1.👉 Altcoin: Any cryptocurrency other than Bitcoin.
2. 👉Blockchain: A decentralized ledger that records all transactions across a network of computers.
3. 👉Wallet: A software application or hardware device used to store and manage cryptocurrencies.
4.👉 Private Key: A secret code that allows the owner to access and manage their cryptocurrency.
5.👉 Public Key: A public address that others can use to send cryptocurrency to a wallet.
6. 👉Mining: The process of verifying and adding transactions to the blockchain, often rewarded with new coins.
7. 👉Smart Contract: Self-executing contracts with the terms directly written into code.
8. 👉ICO (Initial Coin Offering): A fundraising method where new cryptocurrencies sell tokens to investors.
9. 👉DeFi (Decentralized Finance): Financial services using smart contracts on blockchains, bypassing traditional banks.
10. 👉HODL: A slang term originating from a misspelling of "hold," meaning to keep cryptocurrency rather than sell it.
11. 👉FOMO (Fear of Missing Out): The feeling of urgency to buy into a rapidly increasing cryptocurrency.
12.👉 Whale: An individual or entity that holds a large amount of cryptocurrency.
13. 👉Bull/Bear Market: Bull market indicates rising prices, while a bear market indicates falling prices.
14. 👉ATH (All-Time High): The highest price a cryptocurrency has ever reached.
15. 👉Token: A digital asset issued on a blockchain, often representing an asset or utility.
16. 👉Stablecoin: A cryptocurrency pegged to a stable asset like the US dollar to reduce volatility.
17.👉 Gas: Fees paid to execute transactions or smart contracts on the Ethereum network.
18. 👉Fork: A change to the blockchain protocol, which can result in a split and creation of a new blockchain.
These terms form the basic vocabulary for anyone involved in the cryptocurrency market.
