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COMPILATION OF SOME CRYPTO TEMINOLOGIES:
▪️Cryptocurrency: Digital or virtual currency that uses cryptography for security.
▪️Blockchain: A decentralized and distributed ledger that records all transactions across a network of computers.
▪️Wallet: A digital tool that allows users to store, receive, and send cryptocurrencies.
▪️Bitcoin: The first and most well-known cryptocurrency, often referred to as digital gold.
▪️Altcoin: Any cryptocurrency other than Bitcoin.
▪️Mining: The process by which new coins are created and transactions are added to the blockchain.
▪️Fiat Currency: Traditional currency issued by a government, like the US Dollar, Euro, Naira.
▪️Exchange: A platform where users can buy, sell, or trade cryptocurrencies.
▪️ICO (Initial Coin Offering): A fundraising method where new cryptocurrencies are sold to investors before launch.
▪️Token: A unit of value issued by a project, often representing a stake in the project or access to its features.
▪️Market Cap: The total value of all coins in circulation, calculated by multiplying the current price by the total supply.
▪️Decentralization: The distribution of control away from a single entity, often a central authority.
▪️Smart Contract: Self-executing contracts with the terms of the agreement directly written into code.
▪️Public Key/Private Key: A pair of cryptographic keys used to secure transactions, with the private key kept secret and the public key shared.
▪️Whale: An individual or entity holding a large amount of cryptocurrency.
▪️Liquidity: The ease with which an asset can be bought or sold in the market without affecting its price.
▪️Volatility: The degree of variation in the price of an asset. High volatility can lead to rapid and large price fluctuations.
▪️Bull Market: A market characterized by rising prices and optimism among investors.
▪️Bear Market: A market characterized by falling prices and pessimism among investors.
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