The Best Places to Learn About Crypto Terms
1. CoinDesk – This website provides a comprehensive overview of all things cryptocurrency, from investing to mining to blockchain technology.
2. Bitcoin.com – This website provides an easy-to-use guide to everything bitcoin, from buying and selling to mining and blockchain technology.
3. CryptoCompare.com – This website provides a comprehensive overview of all things cryptocurrency, from prices to mining pools.
4. The Merkle – This website provides a comprehensive guide to blockchain technology, from its basics to more advanced concepts.
5. Reddit – This website provides a forum for discussion of all things cryptocurrency, from pricing to mining pools.
A Beginner's Guide to Crypto Terms
Cryptocurrencies are digital or virtual tokens that use cryptography for security. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Cryptocurrencies are often traded on decentralized exchanges and can also be used to purchase goods and services.
The Most Important Crypto Terms You Need to Know
Bitcoin
Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.
Ethereum
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum uses a distributed public ledger called a blockchain to record transactions. Ethereum is unique in that it allows for applications that run outside of a central authority.
Ethereum Classic
Ethereum Classic is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum Classic uses a distributed public ledger called a blockchain to record transactions. Ethereum Classic is unique in that it allows for applications that run outside of a central authority, but returns to the original blockchain if there is a problem with the application.
A Glossary of Essential Crypto Terms
Bitcoin: A digital asset and a payment system invented by Satoshi Nakamoto. Bitcoin is unique in that there are a finite number of them: 21 million. They are created as a reward for a process known as mining.
Blockchain: A digital ledger of all bitcoin transactions that is constantly growing as “completed” blocks are added to it with a new set of recordings. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Bitcoin nodes use the block chain to differentiate legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.
Cryptocurrency: A type of digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control.
Ethereum: A decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum enables developers to build and use decentralized applications that run without any possibility of downtime, censorship, fraud or third party interference.
Fiat Currency: A currency that is declared legal tender by a government. Fiat currencies are often backed by physical commodities such as gold or silver.
Hash Rate: The speed at which a mining rig can solve a block.
Initial Coin Offering (ICO): A cryptocurrency and blockchain-based fundraising strategy in which a company sells tokens in exchange for cryptocurrency, often bitcoin or ether.
Litecoin: A peer-to-peer digital currency that was created in 2011 by Charlie Lee. Litecoin is similar to bitcoin but has faster transaction speeds and less total supply.
Moore’s Law: A prediction by Intel engineer Gordon Moore that the number of transistors on a microprocessor (and hence its computing power) will double every two years.
Proof-of-Work: A security protocol used by cryptocurrencies that requires miners to solve complex mathematical problems in order to add new blocks to the blockchain.
Proof-of-Stake: A security protocol used by cryptocurrencies that does not require miners to solve complex mathematical problems.
The Ultimate Guide to Understanding Crypto Terms
Cryptocurrency – A digital or virtual asset that uses cryptography for security. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control.
Cryptocurrency exchange – A platform that allows people to buy and sell cryptocurrencies.
Cryptocurrency wallet – A program or website that allows you to store, spend, and exchange cryptocurrencies.
Blockchain – A public ledger of all cryptocurrency transactions. It is often referred to as a “distributed database” because it is not stored in one location but distributed across a network of computers.
Ethereum – A cryptocurrency and blockchain platform with smart contracts and a decentralized application platform.
Bitcoin – The first and most well-known cryptocurrency. Bitcoin is pseudonymous, meaning that funds are not tied to real-world identities.
The ABCs of Crypto Terms
Bitcoin – The first and most well-known cryptocurrency. Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto.
Cryptocurrency – A digital or virtual currency that uses cryptography to secure its transactions and to control the creation of new units. Cryptocurrencies are decentralized, which means they are not subject to government or financial institution control.
Blockchain – The distributed database that contains all cryptocurrency transactions. The blockchain is constantly growing as “completed” blocks are added to it with a new set of recordings. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Bitcoin nodes use the block chain to differentiate legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.
Cryptography – The practice of securing communication and data using codes. Cryptography is used to protect the identities of people and organizations, to secure online transactions, and to protect against unauthorized access to data.
A Cheat Sheet for Understanding Crypto Terms
Bitcoin: A digital asset and a payment system invented by Satoshi Nakamoto. Bitcoin is unique in that there are a finite number of them: 21 million.
Blockchain: A public ledger of all Bitcoin transactions. It is constantly growing as "completed" blocks are added to it with a new set of recordings.
Ether: A cryptocurrency with a similar function to Bitcoin. Ether is used to pay for services on the Ethereum network.
ICO: An initial coin offering is a way for startups to raise money by issuing their own digital tokens. These tokens can represent shares in the company, or virtual currency.
A Pocket Guide to Crypto Terms
Cryptocurrencies: digital assets and tokens that use cryptography to secure their transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009.
Cryptocurrency exchanges: platforms where users can buy, sell, and trade cryptocurrencies. Bitcoin, the most popular cryptocurrency, is traded on a number of cryptocurrency exchanges.
Blockchain: a digital ledger of all cryptocurrency transactions that is continuously growing as “completed” blocks are added to it with a new set of recordings. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Bitcoin miners are rewarded with cryptocurrency for verifying and adding these blocks to the blockchain.
Cryptocurrency wallet: a software program that allows users to store, spend, and exchange cryptocurrencies. Cryptocurrency wallets can be downloaded onto a computer or mobile device.
ICO: initial coin offering is a controversial means of raising funds by selling cryptocurrencies or tokens to early investors. A token generated through an ICO is a digital asset that operates similar to a share of stock.
A User's Manual for Crypto Terms
Table of Contents
1. What is cryptography?
2. What are the different types of cryptography?
3. How does cryptography work?
4. What are the benefits of cryptography?
5. What are the challenges of cryptography?
6. What is the future of cryptography?
A Concise Encyclopedia of Crypto Terms
Cryptocurrencies: Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and to control the creation of new units. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control.
Cryptocurrency: A digital or virtual token that uses cryptography to secure its transactions and to control the creation of new units.
Cryptocurrency exchange: A platform where users can buy or sell cryptocurrencies.
Cryptocurrency wallet: A software program or website where users can store their cryptocurrencies.