Top Keywords - 80/20
🔹 Core Concepts (Must-Know Basics)
- Bitcoin (BTC) – The first and most well-known cryptocurrency, often called “digital gold.”
- Blockchain – A decentralized ledger that records transactions securely.
- Decentralization – No single authority controls the network.
- Cryptography – The technology that secures crypto transactions.
- Private Key – Your secret password to access and send your crypto.
- Public Key – Your crypto “address” that people use to send you funds.
- Wallet – A tool (software/hardware) to store and manage crypto.
- Mining – The process of validating transactions (mostly in Bitcoin).
- Proof of Work (PoW) – A system where miners solve puzzles to secure the network (used in Bitcoin).
- Proof of Stake (PoS) – A system where users stake coins to validate transactions (used in Ethereum 2.0).
🔹 Trading & Investing Terms
- Exchange – A platform where you buy/sell crypto (e.g., Binance, Coinbase).
- Liquidity – How easily an asset can be bought/sold without affecting price.
- Market Cap – Total value of a cryptocurrency (Price × Supply).
- Volatility – The rapid price fluctuations in crypto markets.
- HODL – Holding crypto long-term instead of selling.
- FOMO (Fear of Missing Out) – Buying impulsively due to hype.
- FUD (Fear, Uncertainty, Doubt) – Negative news causing panic selling.
- Altcoins – Any cryptocurrency that isn’t Bitcoin (e.g., Ethereum, Solana).
- Stablecoin – A crypto tied to fiat currency (e.g., USDT, USDC).
- Pump and Dump – A scheme where prices are artificially inflated before crashing.
🔹 Smart Contracts & DeFi (Decentralized Finance)
- Ethereum (ETH) – A blockchain that supports smart contracts.
- Smart Contract – A self-executing contract written in code.
- DeFi (Decentralized Finance) – Financial services (lending, borrowing, etc.) without banks.
- DEX (Decentralized Exchange) – A platform like Uniswap where users trade directly without intermediaries.
- Liquidity Pool – A pool of funds used for trading on a DEX.
- Yield Farming – Earning rewards by providing liquidity to DeFi platforms.
- Staking – Locking up crypto to earn rewards and secure a network.
- APY (Annual Percentage Yield) – The return you earn from staking/farming.
- Flash Loan – A DeFi loan that must be repaid in the same transaction.
- Gas Fees – Transaction fees required to use a blockchain like Ethereum.
🔹 NFTs & Web3
- NFT (Non-Fungible Token) – Unique digital assets (art, music, collectibles).
- Metaverse – A virtual world where crypto and NFTs are used.
- DAO (Decentralized Autonomous Organization) – A community-led organization governed by smart contracts.
- Web3 – The decentralized internet powered by blockchain.
- Play-to-Earn (P2E) – Games where players earn crypto/NFTs.
🔹 Security & Risks
- Rug Pull – A scam where developers abandon a project after taking investors’ money.
- 51% Attack – When a single entity controls most of a blockchain’s network, enabling fraud.
- Cold Wallet – An offline crypto wallet (e.g., Ledger, Trezor) for security.
- Hot Wallet – A wallet connected to the internet (e.g., MetaMask, Trust Wallet).
- Phishing – A scam where attackers trick users into revealing private keys.