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Crypto

A starter guide to crypto language

Bitcoin - Bitcoin is a cryptocurrency created in 2009 by an unknown person using the alias Satoshi Nakamoto. Unlike traditional currencies such as the US dollar, bitcoin isn't controlled by a bank or government. Bitcoin is by far the most valuable and popular cryptocurrency in use today

Blockchain - A blockchain is a digital ledger and the key innovation supporting most cryptocurrencies, non-fungible tokens, and other unique digital items. Blockchain can be utilized to store all sorts of data, but so distant its most common use is in recording cryptocurrency exchanges.

Coinbase - The leading cryptocurrency trade platform. The company went public in April, an event that many have seen as a turning point within the story of cryptocurrencies' journey into the standard commercial market.

HODL - Depending on whom you ask, this is either a typo that stuck or an abbreviation of "hold on for dear life." The typo lore dates to a 2013 post on the forum bitcointalk titled, "I AM HODLING." In it, an apparently drunk bitcoin investor ranted about holding onto the crypto even as it fell drastically.

Mining - The complicated process by which new bitcoins are entered into circulation. The mining process eats up a lot of computing power and electricity, which has led to concerns around bitcoin's natural effect.

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