Wallet | | A system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain |
Exchanges | | Super-important string of numbers and letters you should not share with anyone. This key is necessary to verify transactions when selling or withdrawing your crypto |
Blockchain | | Any type of decentralized, digital currency that’s based on cryptography |
Address | | Any currency that is backed by the state or country. Basically, it is all kinds of coins we know and use on a daily basis (USD, Euro, CAD, etc.) |
Fiat | | A cryptocurrency wallet is an app that allows cryptocurrency users to store and retrieve their digital assets. As with conventional currency, you don't need a wallet to spend your cash, but it certainly helps to keep it all in one place. |
Defi | | Platforms that facilitate the trading of cryptocurrencies for other assets, including digital and fiat currencies |
Public Keys | | Unique string of characters given to every transaction that's verified and added to the blockchain |
Private Key | | Abbreviated 3-character name of cryptocurrency |
Currency Symbol | | The identification of a sender or receiver of cryptocurrency on a blockchain network. Crypto addresses are derived from private keys and are just a bunch of alphanumeric characters. They do not identify the participant by name |
Transaction ID | | A cryptographic code used to facilitate transactions between parties, allowing users to receive cryptocurrencies in their accounts. |
Cryptocurrency | | Financial applications built on blockchain technology that enable digital transactions between multiple parties |