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Crypto, word by word

141 words, each in plain English: what it is, what it means for your money, and the source we checked it against. Ask any of them in search as a question.

The basics

Blockchain Cryptocurrency Bitcoin Ethereum Token Stablecoin Decentralization Node Block Hash Mining Halving Consensus mechanism Proof of work Proof of stake Validator Staking Fork Whitepaper Satoshi

Wallets and keys

Crypto wallet Private key Public key Wallet address Seed phrase BIP39 passphrase Hardware wallet Hot wallet Cold storage Custodial wallet Self-custody Multisig Smart contract wallet MPC wallet ENS name Derivation path Watch-only wallet

Transactions and fees

Transaction Gas Gwei Nonce Mempool Confirmation Finality Block explorer Transaction hash Token approval Revoking an approval Failed transaction UTXO MEV Replace-by-fee

Tokens and supply

ERC-20 ERC-721 ERC-1155 NFT SPL token Wrapped token Governance token Utility token Memecoin Tokenomics Market cap Fully diluted valuation Circulating supply Max supply Token burn Airdrop Token unlock

DeFi

DeFi DEX CEX Automated market maker Liquidity pool Liquidity provider Impermanent loss Slippage Price impact Yield farming Lending protocol Collateral Liquidation Oracle Flash loan Liquid staking Restaking TVL APY vs APR Perpetual futures Funding rate Leverage Bridge DAO

Chains and scaling

Layer 1 Layer 2 Rollup Optimistic rollup ZK-rollup Sidechain EVM Smart contract Sharding Zero-knowledge proof Testnet Mainnet Interoperability Dapp

Scams and security

Rug pull Phishing Address poisoning Honeypot token Pig butchering Recovery scam Pump and dump 51% attack Smart contract audit Wallet drainer SIM swap Fake airdrop Ponzi scheme KYC AML

Markets and money

Crypto exchange Order book Bid-ask spread Liquidity Market order Limit order Volatility Bull market Bear market HODL Whale FOMO Dollar-cost averaging On-ramp Off-ramp CBDC Cost basis Crypto ETF Exit friction

Educational content, not financial advice. Something wrong? Tell us and we reply within two business days.