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Web 3.0: The next evolution of the web. It refers to a decentralized and semantic internet, where data is owned and controlled by users, often powered by blockchain technology.
DeFi (Decentralized Finance): Financial systems and services built on blockchain technology without intermediaries, like banks or brokers.
Digital or virtual currency that uses cryptography for security and operates on top of a blockchain. Examples include Bitcoin, Ethereum, and many others.
Digital assets issued on a blockchain. They can represent assets, value, access rights, or various other things.
A distributed ledger technology where data is stored in blocks and secured using cryptography. It’s resistant to modification and ensures that data is transparent and immutable.
Digital tools that allow users to store, send, and receive cryptocurrencies. They contain public and private keys.
A popular crypto wallet and gateway to blockchain apps.
Is a decentralized, open-source blockchain system that features smart contract functionality.
Like Bitcoin, Ethereum operates on a blockchain, a shared record of transactions. This blockchain is maintained by a network of nodes (computers) running the Ethereum software.
Ethereum’s primary distinction from other blockchains like Bitcoin is its ability to run smart contracts. Smart contracts are self-executing contracts where the terms of agreement or conditions are written into lines of code. They can automate, facilitate, verify, or enforce the negotiation or performance of a contract, making transactions more secure and reducing potential conflicts and middlemen.
This is the native cryptocurrency of the Ethereum platform. It’s used primarily for two purposes: as a digital currency like Bitcoin and is used inside Ethereum to run applications and even to monetize work.
A white-paper is a comprehensive report or guide that provides detailed information on a specific topic, often proposing a solution to a problem, outlining a new technology, or presenting research findings. In the context of cryptocurrencies and blockchain, it’s a document introduced by project creators to explain the technology, methodology, and purpose behind a new digital currency or blockchain project.
A measure of computational effort required to send transactions or perform certain actions on the Ethereum network. Users pay for gas with Ether.
A type of digital asset representing something unique; they aren’t interchangeable on a 1:1 basis with other tokens. Often used for digital art, collectibles, and other unique items.
Is a decentralized marketplace for buying, selling, and trading digital assets and collectibles, including non-fungible tokens (NFTs). It operates on the Ethereum blockchain, allowing users to interact with unique digital items and art in a peer-to-peer fashion.