Blockchain
The underlying technology which is used by nearly all cryptocurrencies
Blockchain
The mysterious creator of Bitcoin
Who is Satoshi Nakamoto
Finance is traditionally centralized, but this form of finance needs no intermediaries.
What is DEFI
A stablecoin that is pegged 1-to-1 with the U.S. dollar.
USDC
If you spend $5 in cash to pay for a sandwich, you no longer own the $5 and cannot spend it a second time.
What is Double Spend?
Any cryptocurrency other than Bitcoin.
What is an Altcoin?
You can trade tokens here without the need of a centralized entity
What is a DEX?
The total amount of currency being traded in the open market at any given moment.
Volume
It keep records of all blockchain transactions in an incorruptible, open source data bank.
What is a Distributed ledger
The key you should never share with anyone as it is essentially the password to your Crypto holdings?
Private Key
A group of people who work together toward a shared goal and abide by rules written into the project’s self-executing computer code.
DAO
A return on investment, expressed as a percentage.
What is Yield
This method of mining requires a computer to solve an incredibly complex mathematical computation and requires a large amount of energy.
What is Proof of work?
A fee paid by a user for every transaction, users must pay an amount of the native Ethereum currency.
The first DAO
Bitcoin
The original, largest and best-known cryptocurrency.
What is Bitcoin
The native cryptocurrency token of the Ethereum blockchain
Ethereum/Ether
A program that executes itself on a blockchain when certain conditions are met
What is a smart contract
An app controlled by no centralized authority
What is a dApp
What is the second best cryptocurrency
There is no second best