| Altcoins |
Altcoins are alternative cryptocurrencies to Bitcoin that were developed after Bitcoin's success. |
| Bitcoin |
A digital currency invented in 2008 by Satoshi Nakamoto. |
| Blockchain |
A digital ledger that records transactions across multiple computers. It is the underlying technology behind many digital currencies. |
| Cryptocurrency |
A digital or virtual currency that uses cryptography for security. It operates independently of a central bank. |
| Decentralization |
The distribution of control or decision-making across multiple participants in a network. Digital currencies are often decentralized. |
| Fiat Currency |
A currency that is issued by a government and is not backed by a physical commodity, such as gold or silver. |
| Mining |
The process of validating and adding new transactions to a blockchain. Miners use specialized hardware to solve complex mathematical problems. |
| Smart Contract |
Self-executing contracts with the terms of the agreement directly written into lines of code. They automatically execute once the conditions are met. |
| Token |
A digital asset that represents ownership or utility in a blockchain network or ecosystem. |
| Wallet |
A digital or physical device used to securely store private keys for accessing and managing digital currencies. |
