Core cryptocurrency, blockchain, and digital asset vocabulary for the everyday learner.
35 cards · basic cards · AI-written, checked twice. Edit anything.
- What is Bitcoin?
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The first and most well-known cryptocurrency, created in 2009 by Satoshi Nakamoto.- What does blockchain mean?
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A distributed ledger technology that records transactions in chronological blocks linked by cryptography.- What is a cryptocurrency?
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A digital or virtual currency that uses cryptography for security and operates independently of central banks.- What is mining in cryptocurrency?
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The process of validating transactions and creating new coins by solving complex mathematical puzzles.- What is a crypto wallet?
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A digital tool that stores public and private keys needed to send and receive cryptocurrencies.- What does decentralized mean?
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A system where control and decision-making are spread across many participants rather than centralized.- What is Ethereum?
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A blockchain platform that enables smart contracts and decentralized applications beyond simple transactions.- What is a private key?
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A secret code that proves ownership and allows spending of cryptocurrencies from a wallet.- What is a public key?
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A code derived from a private key that can be shared publicly to receive cryptocurrencies.- What is a block in blockchain?
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A collection of transactions bundled together and cryptographically linked to previous blocks.- What is a hash?
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A unique cryptographic fingerprint generated from data that changes if any data is altered.- What is proof of work?
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A consensus mechanism requiring miners to solve difficult puzzles to validate transactions and earn rewards.- What is proof of stake?
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A consensus mechanism where validators are chosen to create blocks based on the amount of cryptocurrency they hold.- What is an altcoin?
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Any cryptocurrency other than Bitcoin.- What is market capitalization in crypto?
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The total value of a cryptocurrency calculated by multiplying its current price by the number of coins in circulation.
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