Crypto 101
A public record of all crypto transactions is stored here - in blocks on the internet.
What is blockchain?
This wallet is always connected to the internet.
What is a hot wallet?
This is the abbreviation for Ethereum.
What is ETH?
This is the process of locking up tokens to earn passive rewards or support the network.
What is staking?
The opposite of a bull market.
What is a bear market?
This is the first cryptocurrency ever created.
What is Bitcoin?
This wallet is considered safer because it's offline and looks like a USB .
What is a cold wallet?
Coins like Dogecoin and Shiba Inu are called this.
What are meme coins?
This type of token is designed to maintain a stable value, often pegged to fiat currency.
What is a stablecoin?
This term describes when a crypto asset rapidly increases in price.
What is mooning?
This phrase is a backup to access your crypto wallet.
What is a seed phrase?
The only person who should ever have this phrase is you.
What is a private key?
This is the abbreviation for Ripple (altcoin).
What is XRP?
This stablecoin is pegged to the U.S. dollar and widely used for trading.
What is USDC (or USDT)?
This phrase means “Hold On for Dear Life.”
What is HODL?
A token with no intrinsic value, often used in speculative or experimental projects.
What is a meme coin?
Two words: This kind of authentication adds an extra login step for safety.
What is two-factor authentication (2FA)?
This term refers to a new coin being distributed to users, often for free.
What is an airdrop?
These tokens are used to pay gas fees on blockchains.
What are utility tokens?
A scam or fraudulent crypto project.
What is a rug pull?
This is the unique public-facing address that others use to send you crypto.
What is a wallet address?
Clicking links in random DMs or Twitter replies could expose you to this type of attack.
What is phishing?
These are the rules coded into a token that automate transactions.
What are smart contracts?
This blockchain is known for smart contracts and hosts most NFTs.
What is Ethereum?
A person or wallet that holds a large amount of a coin.
What is a Whale?