Here Are Crypto Lingos You Should Know TODAY!

From mining to halving, the crypto landscape is full of technical terms, and jargon.

No matter how much you know or don’t know about cryptocurrencies and the technology that underpins them, the lingos can make a complex subject more confusing.

Navigating the complex and rapidly changing world of cryptocurrency can be challenging, even for experienced investors, as it involves understanding new terminology, tracking developments in technology, and staying informed about trends and conversations on social media. It is in this light that we put together some crypto terminologies

Acclimatizing yourself with the lingos below will help understand crypto, and its activities.

MINING

Cryptocurrency mining is the process of creating new digital coins by solving complex puzzles, validating transactions on a blockchain network, and adding them to a distributed ledger.

WALLETS

A cryptocurrency wallet is a tool that securely stores the keys needed for cryptocurrency transactions and may also have the ability to encrypt and sign information.

BLOCKCHAIN

A blockchain is a shared digital ledger that is distributed among the nodes of a computer network. It stores information…