Vocabulary
This U.S. government-issued currency is backed by trust and regulation.
What is the U.S. Dollar (FIAT)?
This process involves solving complex mathematical problems to validate and secure transactions on the Bitcoin network, rewarding miners with newly created coins.
What is Bitcoin mining?
Bitcoin does not wear, it is digital. If you break your wallet you can replace it without losing your money.
What is durable?
If someone forgets their Bitcoin password, why can’t they get their money back?
What is because there’s no way to recover lost Bitcoin?
Any coin that is not bitcoin
ex: Ethereum, Litecoin, Solana
What is an Alt coin?
This digital currency was created to provide decentralization, financial freedom, security, inflation resistance, and global accessibility.
What is Bitcoin?
A digital signature of some kind of data
What is a hash?
no single person, company, or government controls it. Instead, it runs on a global network of computers that verify and record transactions on a public ledger called the blockchain.
What is Decentralized?
Why do banks and governments worry about Bitcoin?
What is because Bitcoin doesn’t follow regular financial rules?
A coin that was originally made as a joke.
ex: Dogecoin, Pepe, Trump coin
These symbols are a unique series of letters assigned to an asset for easy identification (example: BTC, ETH, AAPL)
What is a Ticker?
A detailed document that explains the purpose, technology, and mechanics of a project.
What is the whitepaper?
Using the Blockchain, every transaction is recorded in a chain of blocks that are linked through cryptography
What is secure?
Why do some criminals use Bitcoin?
What is because Bitcoin lets them stay anonymous?
The second largest crypto coin
create by Vitalek B.
what is Ethereum (ETH)?
Pseudonym for the creator of bitcoin as well as the smallest measurement of a fraction of a bitcoin.
when the physical paper dollar wears down and tears over time becoming unusable.
What is Frangible?
operates on a global, decentralized network, not controlled by government or limited to Borders
What is borderless?
Why do some governments ban or limit Bitcoin?
What is it because Bitcoin is hard to control?
This meme coin originated from a frog with a large close mouthed smile
What is PEPE coin?
Anything of value that an individual, business, or government owns or controls, which can provide future economic benefit.
What is an Asset?
inflation that is more than 50% per month
What is hyper-inflation?
having a limited amount to prevent inflation
What is Finite?
If Bitcoin is supposed to be private, why can the government still track transactions?
What is because Bitcoin’s transactions are public?
Known from a famous meme, this coin has a picture of a Shiba-Inu Dog
What is Doge Coin