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