📙 10 words you should know:
1. Blockchain: This is a chain of blocks where all cryptocurrency transactions are recorded. Think of it as a giant, but digital, ledger, where everyone can see what is happening, but no one can change what is already written.
2. Wallet: This is a digital wallet where you store your cryptocurrencies. There are "hot wallets" (connected to the internet) and "cold wallets" (offline, safer).
3. HODL: This is a term that came from a typo of “HOLD.” It is used to describe the strategy of holding your cryptocurrencies for the long term, regardless of market fluctuations.
4. Altcoin: Any cryptocurrency other than Bitcoin. Examples of altcoins include Ethereum (ETH), Solana (SOL), and zkSync (ZK).
5. Token: Similar to a cryptocurrency, but a token can represent many things besides value, such as governance rights in a project, access to a service, or some real-world asset.
6. Staking: This is when you lock your cryptocurrencies on a network to help validate transactions and in return, you receive rewards in the form of more cryptocurrencies.
7. Gas Fees: These are the fees you pay to make transactions on a blockchain network. For example, on Ethereum, you pay gas to transfer funds or interact with smart contracts.
8. Smart Contract: It is a digital contract that is executed automatically when certain conditions are met. It does not need intermediaries, since everything is programmed.
9. DEX (Decentralized Exchange): This is a cryptocurrency exchange that is not controlled by a central company or entity. Everything is handled through smart contracts, such as Uniswap or PancakeSwap.
10. NFT (Non-Fungible Token): It is a unique token that represents a digital or physical asset. Unlike cryptocurrencies, it is not interchangeable 1 to 1, because each one has characteristics that make it different, such as works of art or digital collectibles.
