The most important terms you should know in the world of digital currencies
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1. Blockchain: A technology that relies on recording data securely and transparently, and is the backbone of digital currencies.
2. Digital wallet: A tool for storing and managing digital currencies, and it can be hot (connected to the Internet) or cold (offline).
3. Decentralization: The absence of a central authority controlling the network or currency.
4. Staking: Locking digital currencies on the platform to obtain rewards or interest.
5. DeFi (Decentralized Finance): A financial system based on the blockchain that allows services such as loans to be provided without intermediaries.
6. NFTs: Unique digital assets that represent exclusive ownership of certain items such as art or games.
7. HODL: A term that refers to holding digital currencies for a long time regardless of fluctuations.
Learning these terms is the first step to understanding the market and investing smartly.
