The Words of Crypto
Time to understand the language of blockchain, DeFi, NFT and Web3.
Bitcoin
Bitcoin (BTC) is the first and most widely recognized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto as a decentralized peer-to-peer digital currency that operates without banks or governments.
Blockchain
A blockchain is a decentralized, distributed digital ledger that records transactions across a network of computers, making the data transparent, secure, and nearly impossible to alter.
Seed Phrase
A sequence of 12 to 24 randomly generated words that serves as the master key to your crypto wallet. Anyone with your seed phrase can access your funds, so it must be kept offline and private.
Staking
Staking is the process of locking up cryptocurrency in a blockchain network to help validate transactions and secure the network, earning rewards in return. It is a core feature of Proof of Stake blockchains.