Crypto Basics
"Crypto" is short for
What is cryptocurrecy?
The technology that records all crypto transactions
What is blockchain?
This crypto is often called "digital gold"
What is Bitcoin?
This is where people store their crypto
What is a crypto wallet?
Crypto prices changing very quickly is called this.
What is volatility?
Crypto is best described as this type of money
What is digital money?
A blockchain is best compared to this shared online tool
What is a public Google Sheet or public ledger?
This cryptocurrency is known for smart contracts
What is Ethereum?
A wallet connected to the internet is called this
What is a hot wallet?
Crypto accounts are NOT protected by this type of insurance.
What is FDIC insurance?
Crypto allows people to send money directly to each other without this
What is a bank?
Once data is added to a blockchain, it is very hard to do this
What is change or delete it?
A type of cryptocurrency that is not Bitcoin
What is an altcoin?
A wallet kept offline, often on a device.
What is a cold wallet?
Fake websites or messages trying to steal crypto are known as this.
What are scams?
The first and most well-known cryptocurrency
What is Bitcoin?
This feature allows anyone to view blockchain transactions
What is transparency
This crypto started as a joke but became popular
What is Dogecoin
Losing this means losing access to your crypto forever.
What is a private key or recovery phrase
This happens if you send crypto to the wrong address.
What is it being permanently lost?
Unlike Dollars, crypto is not controlled by this type of organization
What is a government or central bank?
Computers that help verify blockchain transactions do this action
What is mining or validating?
The shortened name for a cryptocurrency like BTC or ETH
What is a ticker symbol
This type of scam tries to trick users into giving up passwords.
What is phishing?
This rule helps reduce risk when investing.
What is “don’t invest more than you can afford to lose”?