Learn the crypto Lingo
Altcoin – a cryptocurrency which isn’t bitcoin. Includes Ethereum (see flippening), Litecoin, Ripple, Monero, Dash and about 800 others (see maximalist).
Bitcoin – Digital money which is based upon cryptography, invented by Satoshi Nakamoto.
Blockchain – a distributed and peer to peer digital ledger.
BTC – symbol for bitcoin
Coinbase – world’s most popular and reliable cryptocurrency web wallet.
Cold Storage – secure way of keeping cryptocurrencies off exchange.
Cryptocurrency – generic term for digital and cryptography based money.
Exchange – where fiat money can be exchanged for bitcoin or altcoins.
Fiat – the name for bank issued money, derived from the latin ‘let it be’.
Fork – what happens when a blockchain diverges into two potential paths forward.
Satoshi Nakamoto – the pseudonymous creator of bitcoin.
Any I missed? Comment below
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