《Web3 Newbies Must-Read Crypto Terms (Newbie Edition)》

Ordinary people may not necessarily "All In Web3", but it is still necessary to learn about Web3. Let's learn about professional terms together:

1. Cryptocurrency

Digital assets are the medium of exchange of blockchain technology, and their transactions and records are verified and maintained by a decentralized network using cryptography.

2. Cryptocurrency

Cryptocurrencies are native assets of blockchains, such as Bitcoin has BTC and Ethereum has ETH.

3. Stable Coin

It is a crypto asset designed to provide stable prices. The function of stablecoins can be linked to another stable asset. For example, the US dollar, then the price of a stablecoin is $1.

4. Shitcoin

Shitcoin refers to crypto assets that have no value. It usually refers to altcoins, and its depreciation reflects that investors are not interested in it.

5. Crypto Tokens

Crypto Tokens are built on applications based on existing blockchains, and many tokens can be created on existing blockchain technology. You can find different kinds of tokens in apps or games, which can be exchanged for a certain amount of coins.

6. Airdrops

This is a marketing strategy for new projects, where free tokens are given to community users for completing a small task, such as forwarding a company's post.

7. Fungible Token

It is a token with fungible properties, because it is not unique, a fungible token can also be a crypto asset.

8. Block

Data is stored and encrypted within the blockchain block.

9. Genesis Block

On January 3, 2009, the Genesis Block was the first recorded block on its blockchain, such as Bitcoin, and received a reward of 50 BTC.

10. Blockchain

An immutable digital ledger that tracks, records, and maintains transactions in a peer-to-peer network.

11. Bitcoin

A decentralized crypto asset that does not rely on any central bank, but is based on a consensus mechanism called Proof of Work (PoW) and runs on blockchain technology.

12. Altcoins

It is the abbreviation of alternative coins, referring to all crypto assets other than Bitcoin.

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