- Cryptography - makes ordinary information unreadable.
- Currency - a system and its' units for exchanging value.
- Cryptocurrency - an electronic money that uses technology to control how and when it is created and lets users directly exchange it between themselves, similar to cash
- Blockchain - computer technology, used to prove that a group of people came to an agreement about something. Blockchain recordings are permanent and very secure, preventing manipulation.
- Block - a single digital recording made using blockchain technology.
- Market Capitalization - a way to rank the value and size of an asset (stock, cryptocurrency, etc.). This is calculated by multiplying the total number of coins by the latest price.
- Distributed Ledger - a system of independent computers all simultaneously recording data. With distributed ledger technology, identical copies of the recording are kept by each computer.
- Mining - the computer process of validating information, creating a new block and recording that information into the blockchain.
- Hashing - a computer program that takes information and turns it into letters and numbers of a certain length.
- Fork - a split in the digital recordings, known as blockchain, created by computers running cryptocurrency technology.
- Soft Fork - achange made to cryptocurrency technology creating a temporary split in the group of recordings (blockchain). This change creates all new, valid recordings (blocks) that are slightly different from the original blocks. They are just different enough that users of the new technology see blocks from original technology as invalid.
- Hard Fork - a decision to make a permanent change to the technology used by a cryptocurrency.
- Public Address - similar to how an email can be given out to anyone to receive messages, your receiving crypto addresses can be given out to receive payments.
- Private Key - a string of letters and numbers known only by the owner that allows them to spend their cryptocurrency. A private key should NEVER be shared.
- Public Key - a string of letters and numbers that allows cryptocurrency to be received. However, public keys are not considered as safe to use as public addresses.
- Exchange - a place where something of value can be traded. One of the purposes of an exchange is to ensure fair trades are conducted.
- Wallet - software that interacts with the blockchain and lets users receive and send their digital money.
- Paper Wallet - a piece of paper that contains the information needed to access and spend your cryptocurrency.
- Hardware Wallet or Cold Storage - a specially designed device to securely lock away access to your cryptocurrency.
- Software Wallet - a computer program designed device to secure your cryptocurrency while allowing only you to access it.
- Fungible - a positive quality where two or more of the same thing have identical value. That is to say, one of a group of things can be a substitute for another and it won't change the value.
- HODL - a misspelling of "hold" that evolved into a shortened form of "Hold On for Dear Life". It refers to holding onto your investment for the long term and not panic sell during a dip in the market.
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