Crypto basics

New to crypto? Not for long — start with these guides and explainers

Debunking Bitcoin Myths
Beginner's Guide

7 biggest Bitcoin myths

Look at some of the biggest myths and misconceptions people tend to have about the world’s...

Coin
Glossary

Don’t let FUD give you FOMO or you’ll end up REKT — crypto slang, explained

From diamond hands to the flippening, we break down 11 of the most popular pieces of crypt...

What is a crypto airdrop?
What is a crypto airdrop?

What is a crypto airdrop?

A crypto airdrop is a strategy used by blockchain startups to distribute tokens or coins t...

What are gas fees?
key term

What are gas fees?

Gas fees are transaction costs on the Ethereum blockchain, paid in Ether (ETH) or its frac...

What are Ethereum Layer-2 blockchains and how do they work?
Key term

What are Ethereum Layer-2 blockchains and how do they work?

What are Ethereum Layer-2 blockchains and how do they work?

A balanced scale with dollar bills on one side and a crypto token on the other
What is a stablecoin?

What is a stablecoin?

A stablecoin is a digital currency that is pegged to a “stable” reserve asset like the U.S...

Forex trading vs. crypto: which is right for you?
Forex trading vs. crypto: which is right for you?

Forex trading vs. crypto: which is right for you?

Forex and crypto trading are both popular financial options with their unique advantages a...

What are digital assets?
What are digital assets?

What are digital assets?

Digital assets are anything created and stored digitally that has or provides value. They...

What is NFT art?
key term

What is NFT art?

NFT art refers to digital assets stored on a blockchain that represent content or physical...

How do cryptocurrency miners work?
crypto basics

How do cryptocurrency miners work?

Cryptocurrency mining is a process that validates transactions and adds them to a blockcha...

What is the difference between a coin and a token?
crypto basics

What is the difference between a coin and a token?

Coins are digital assets that operate on their own independent blockchain. Tokens are digi...

What are the differences between Bitcoin and Ethereum?
Crypto basics

What are the differences between Bitcoin and Ethereum?

Bitcoin and Ethereum are both digital assets, but they aim to serve different purposes and...

Glossary

Expand your crypto vocabulary

Key term

What is Axie Infinity?

A beginner’s guide to the hit NFT-based Pokémon-style game — and its native cryptocurrency...

A calendar with Bitcoin logos, marking the date
Key term

What is a Bitcoin halving?

A Bitcoin halving happens every four years, when the amount of bitcoin awarded to miners i...

Graphs depicting bear market trending downwards and bull market trending upwards
Key term

What is a bull or bear market?

Markets experiencing sustained and/or substantial growth are called bull markets. Markets...

Magnifying glass over a Cardano token
Key term

What is Cardano?

Cardano is one of the biggest cryptocurrencies by market cap. It’s designed to a flexible,...

What is CeFi?

Learn how to earn interest on your savings or take out a loan using crypto as collateral

A lock on a grid, surrounded by cubes
Key term

What is cryptography?

Cryptography is the study and practice of sending secure and encrypted messages between tw...

Key term

What is a DEX?

A beginner’s guide to decentralized exchanges

Dogecoin
Key term

What is Dogecoin?

DOGE was created as a lighthearted alternative to traditional cryptocurrencies, but it's b...

What is an ETF?
Key Term

What is an ETF?

Exchange-traded funds — better known as an ETFs — are similar in many ways to mutual fund...

A cryptocurrency blockchain, forking into two different branches
Key term

What is a fork?

A fork happens whenever a community makes a change to the blockchain’s protocol, or basic...

Three charts, including a line graph heading in an upwards trend.
Key term

What is inflation?

Inflation is the process by which a currency like the dollar or Euro loses value over time...

Key term

What is Internet Computer (ICP)?

The Internet Computer is creating a decentralized internet — with independent data centers...

A scale weighing a stack of crypto coins
Key term

What is market cap?

Market capitalization is the total value of all the coins that have been mined.

Key term

What is mining?

Mining is the process that Bitcoin and several other cryptocurrencies use to mint new coin...

Key term

What is Polkadot (DOT)?

A beginner's guide to the Polkadot protocol

Key term

What is Polygon (MATIC)?

A beginner's guide to the Polygon network

PoW/PoS illo
Key terms

What is "proof of work" or "proof of stake"?

“Proof of work” and “proof of stake” are the two major consensus mechanisms cryptocurrenci...

A web of colorful nodes connecting to a coin
Key term

What is a protocol?

Protocols are basic sets of rules that establish the structure of a blockchain and allow d...

A private key with a lock inside of it
Key term

What is a private key?

A private key is like a password that allows you to access and manage your crypto funds.

Key term

What is a recovery phrase?

A recovery phrase is a series of words generated by your cryptocurrency wallet that give y...

Woman looks at a chart on her mobile phone
Key term

What is technical analysis?

Technical analysis looks at patterns in market data to identify trends. Fundamental analys...

Various crypto tokens appear to circle around one large gold token
Key term

What is a token?

Technically, “token” is just another word for “cryptocurrency” or “cryptoasset.” But incre...

A roller coaster is at the peak before heading down a slope, next to financial charts and graphs.
Key term

What is volatility?

Volatility is a measure of how much the price of an asset has moved up or down over time.

Key term

What is Uniswap?

A beginner’s guide to the biggest DEX on Ethereum

What are Decentralized Applications (DApps)?
key term

What are Decentralized Applications (DApps)?

Decentralized Applications (DApps) are applications that run on blockchain networks, striv...

What is hash rate?
key term

What is hash rate?

Hash rate is a measure of the computational power of a blockchain network, group, or indiv...

What are sidechains?
key term

What are sidechains?

Sidechains are separate blockchain networks that connect to a parent blockchain, aiming to...

What is ERC-721?
key term

What is ERC-721?

ERC-721 is a non-fungible token standard on the Ethereum blockchain. It provides a set of...

What is the Ethereum Virtual Machine (EVM)?
Key term

What is the Ethereum Virtual Machine (EVM)?

The Ethereum Virtual Machine (EVM) is a decentralized computation engine that executes sma...

What is a NFT floor price?
key term

What is an NFT floor price?

The NFT floor value is the lowest value for an NFT in a given collection. It provides insi...

What is a blockchain oracle in crypto?
key term

What is a blockchain oracle in crypto?

Blockchain oracles are entities that connect blockchains to external systems, enabling sma...

What are Decentralized Autonomous Organizations (DAO)?
key term

What are Decentralized Autonomous Organizations (DAO)?

Decentralized Autonomous Organizations (DAOs) are entities with no central leadership, gov...

What is a node in cryptocurrency?
key term

What is a node in cryptocurrency?

Nodes are components of a blockchain network, maintaining the latest record of transaction...

What are BRC-20 tokens?
key term

What are BRC-20 tokens?

BRC-20 is an experimental fungible token standard designed for the Bitcoin blockchain, sim...

What is cloud mining in crypto?
key term

What is cloud mining in crypto?

Cloud mining is a method to mine cryptocurrencies by leasing equipment or renting computin...

What are zero-knowledge proofs?
key term

What are zero-knowledge proofs?

Zero-knowledge proofs (ZKPs) are a cryptographic method that allows one party to prove the...

What is ERC-20?
Key term

What is ERC-20?

ERC-20 is a technical standard for establishing fungible assets on the Ethereum blockchain...

What is a memecoin?
key term

What is a memecoin?

Memecoins are cryptocurrencies often inspired by internet memes or trends. They are typica...

What is ERC-1155?
key term

What is ERC-1155?

ERC-1155 is a token standard on the Ethereum blockchain that enables the creation and tran...

What are Zero-Knowledge Rollups (ZK Rollups)?
key term

What are Zero-Knowledge Rollups (ZK Rollups)?

ZK Rollups are a layer-2 scaling solution that aims to enhance blockchain scalability by m...

What is the blockchain trilemma?
What is the blockchain trilemma?

What is the blockchain trilemma?

The blockchain trilemma refers to the challenge of achieving three critical aspects of blo...

What are Soulbound Tokens (SBT)?
What are Soulbound Tokens (SBT)?

What are Soulbound Tokens (SBT)?

Soulbound Tokens (SBT) are a concept of non-transferable digital tokens that represent a p...

What is ERC-6551?
key term

What is ERC-6551?

ERC-6551 is an Ethereum standard that aims to enhance the functionality of non-fungible to...

What is a governance token?
What is a governance token?

What is a governance token?

Governance tokens are a type of cryptocurrency that allows holders to participate in on-ch...

What is SocialFi?
key term

What is SocialFi?

SocialFi combines the principles of social media and decentralized finance, aiming to prov...

What is blockchain interoperability?
What is blockchain interoperability?

What is blockchain interoperability?

Blockchain interoperability refers to the ability of different blockchain networks to comm...

What is Bitcoin BitVM?
key term

What is Bitcoin BitVM?

BitVM is a method for executing complex computations and smart contracts on the Bitcoin ne...

What is the difference between a blockchain soft fork and a hard fork?
What is the difference between a blockchain soft fork and a hard fork?

What is the difference between a blockchain soft fork and a hard fork?

A soft fork aims to be a backward-compatible upgrade to a blockchain, allowing nodes runni...

What is an NFT rarity ranking?
key term

What is an NFT rarity ranking?

NFT rarity ranking is associated with the uniqueness or scarcity of a nonfungible token in...

What is blockchain network congestion?
key term

What is blockchain network congestion?

Blockchain network congestion happens when the quantity of transactions surpasses the netw...

Proof of Work (PoW) vs. Proof of Stake (PoS): what's the difference?
Crypto basics

Proof of Work (PoW) vs. Proof of Stake (PoS): what's the difference?

PoW and PoS are consensus mechanisms used in cryptocurrency networks to validate transacti...

What is token burning?
key term

What is token burning?

Token burning refers to the permanent removal of a specific number of tokens from the circ...

What is Delegated Proof of Stake (DPoS)?
What is Delegated Proof of Stake (DPoS)?

What is Delegated Proof of Stake (DPoS)?

DPoS is a consensus mechanism that evolved from Proof of Stake (PoS), intending to enhance...

What are crypto whales?
key term

What are crypto whales?

Crypto whales are individuals or entities that hold large amounts of cryptocurrency. They...

What are Layer-0 protocols?
key term

What are Layer-0 protocols?

Layer-0 protocols are the foundational infrastructure upon which Layer-1 blockchains are b...