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