Basic Terms

Question 1

Private Keys

Answer 1

A secret code that gives you access to your cryptocurrency. Never share it—it’s like the password to your bank account.

Question 2

Exchange

Answer 2

Online platform that allows us to buy and sell digital currencies, or cryptocurrencies, for other assets. These assets can include other digital currencies or fiat money, like the US dollar.

Question 3

Centralized Exchange

Answer 3

Centralized Exchange is a business that acts as an intermediary to facilitate transactions between two parties. (Like Coinbase) - Not Your Keys, Not Your Crypto.

Question 4

Decentralized Exchange

Answer 4

Peer-to-peer (P2P) marketplace that allows cryptocurrency buyers and sellers to transact directly with each other without the ned for a centralized intermediary.

Question 5

Tokenomics

Answer 5

Refers to the study and analysis of the economic aspects of a cryptocurrency or blockchain project, with a particular focus on the design and distribution of its native digital tokens.

Question 6

Market Cap

Answer 6

The total dollar market value of the company, calculated by taking the Circulating Supply x the price per unit.

Question 7

Circulating Supply

Answer 7

How much of the tokens are tradable to the public at the current time.

Question 8

Total Supply

Answer 8

How many total coins can be issued into the circulating supply.

Question 9

FDV

Answer 9

What the market cap will be at the current price if all the coins were in circulation.

Question 10

Dilution

Answer 10

When more coins are added to circulation.

Question 11

Trending

Answer 11

n/a

Question 12

Bullish/Bearish

Answer 12

Bullish is a positive sentiment, and bearish is negative sentiment and markers going down.

Question 13

Wallet

Answer 13

A digital tool (software or hardware) that stores private and public keys, allowing users to send, receive, and store cryptocurrencies.

Question 14

Public Key

Answer 14

A wallet address that people use to send you cryptocurrency, like a bank account number.

Question 15

Token

Answer 15

A digital asset built on an existing blockchain

Question 16

Altcoin

Answer 16

Any cryptocurrency that isn’t Bitcoin (e.g., Ethereal, Solana, Cardano.)

Question 17

Smart Contract

Answer 17

Self-executing code on the blockchain that performs actions automatically when conditions are met.

Question 18

Gas Fees

Answer 18

Transaction fees paid to miners or validators for processing transactions on a blockchain.