Cryptocurrency concepts

• Centralized Exchange (CEX) refers to a third-party platform that facilitates the buying and selling of cryptocurrencies.
• Order Book is an electronic list of buy and sell orders for a specific cryptocurrency on an exchange.
• Liquidity Providers (LPs) are users who provide liquidity to decentralized exchanges.
• Market Cap represents the total value of a cryptocurrency, calculated by multiplying the current price by the circulating supply.
• Liquidity Pool (LP) is a collection of funds locked in a smart contract to facilitate trading on decentralized exchanges.
• Staking involves holding cryptocurrencies to support the operations of a blockchain network and earn rewards.
• Yield Farming is a strategy to maximize returns by staking or lending crypto assets across different DeFi platforms.
• Stablecoins designed to maintain a stable value relative to a reference asset, such as the US dollar.
• Tokenomics studies the economics of a cryptocurrency, including its supply, distribution, and incentives.
• Altcoins are any cryptocurrencies other than Bitcoin.
• A Wallet is a digital tool used to store, send, and receive cryptocurrencies.
  • Hot wallets are connected to the internet.
  • Cold wallets are offline.
• Public and Private Keys are cryptographic keys that enable users to securely send, receive, and control their cryptocurrencies.
• Gas Fees are transaction fees paid to miners or validators on a blockchain network.
• Bitcoin (BTC) is the first and most well-known decentralised cryptocurrency.
• Ethereum (ETH) is a blockchain platform that enables the creation of decentralised applications (dApps) and smart contracts.
• Binance Smart Chain (BSC) is a blockchain platform developed by Binance for running smart contract-based applications.
• Solana (SOL) is a high-performance blockchain platform known for its fast transaction speeds and scalability.
• Polygon (MATIC) is a layer-2 scaling solution for Ethereum.
• Cardano (ADA) is a proof-of-stake blockchain platform with a focus on sustainability and scalability.
• XRP (Ripple) is a cryptocurrency and payment network designed to facilitate cross-border payments.
• HODL is a term used in the cryptocurrency community for holding onto cryptocurrencies despite price volatility.
• FOMO (Fear of Missing Out) is the anxiety of missing out on a potential investment opportunity.
• FUD (Fear, Uncertainty, Doubt) is disinformation spread to instil fear and doubt.
• Proof of Work (PoW) is a consensus mechanism where miners solve complex computational problems to validate transactions and create new blocks.
• Proof of Stake (PoS) is a consensus mechanism where validators stake their cryptocurrencies to validate transactions and create new blocks.
• Decentralized Exchange (DEX) is a cryptocurrency exchange that operates without a central authority.
• Blockchain is a decentralised, distributed ledger technology that records transactions across many computers.
• Non-Fungible Tokens (NFTs) are unique digital assets that represent ownership of items.
• Decentralized Finance (DeFi) refers to financial applications built on blockchain technology.
• Initial Coin Offering (ICO) is a way to raise capital by selling cryptocurrencies.
• A Whale is an individual or entity that holds a large amount of a cryptocurrency.
• Satoshi is the smallest unit of Bitcoin.
• Mining Pools are groups of miners who combine their resources to increase their chances of mining blocks and sharing the rewards.
• Rug Pull is a scam where developers abandon a project and run away with investors' money.
• DAO (Decentralized Autonomous Organization) is a community-led entity with rules encoded on a blockchain.
• Airdrop is the distribution of free tokens to a large number of wallet addresses.
• Flash Loan Attack exploits vulnerabilities in DeFi protocols using flash loans.
• Impermanent Loss is the temporary loss of funds experienced by liquidity providers due to price volatility in a liquidity pool.
• 51% Attack is when a single entity gains control of more than 50% of a blockchain's mining or staking power.
• Wrapped Tokens (e.g., WBTC) are tokens that represent another cryptocurrency on a different blockchain.
• ERC-20 Token Standard is a technical standard for creating tokens on the Ethereum blockchain.
• Meme Coins (e.g., Dogecoin, Shiba Inu) are cryptocurrencies that originated as internet memes.
• Sharding is a database partitioning technique used to improve the scalability of blockchain networks.
• Cross-Chain Bridges enable the transfer of assets and data between different blockchain networks.
• Smart Contracts are self-executing contracts written in code and stored on a blockchain.
• Layer 2 Solutions are scaling solutions that improve the transaction speed and reduce the transaction costs.
• Oracles are entities that provide real-world data to smart contracts on a blockchain.
• Multisig Wallets are wallets that require multiple signatures for transactions.
• Burning Tokens is the process of permanently removing tokens from circulation.
• Zero-Knowledge Proofs (ZKP) are cryptographic methods that allow one party to prove to another.
• Play-to-Earn (P2E) is a model where players can earn rewards by playing blockchain games.
• Metaverse is a shared, immersive digital world.
• CryptoPunks are one of the earliest examples of NFTs on the Ethereum blockchain.
• Web3 is the idea of a new iteration of the internet that is decentralized.
• Normies is a slang term for people who have little to no knowledge about crypto.
• Degen is slang for a cryptocurrency enthusiast.
• Decentralized Identity (DID) is a self-sovereign digital identity.
• Hash Rate is the computational power used to mine or validate transactions on a blockchain network.
• Decentralized Autonomous Organization (DAO) is a community-led entity with rules encoded on a blockchain.

Explanation of cryptocurrency concepts: Centralized Exchange (CEX), Order Book, Liquidity Providers (LPs), Market Cap, Liquidity Pool (LP). Staking and Yield Farming and Stablecoins are also explained, including tokenomics.