Glossary

Altcoin
Any cryptocurrency other than Bitcoin.
Blockchain
A shared, tamper-resistant ledger of transactions.
Cold wallet
A wallet kept offline, such as a hardware device.
DeFi
Decentralised finance: lending and trading run by smart contracts instead of banks.
DYOR
"Do your own research" — verify before you invest.
Gas fee
The cost paid to process a transaction on a network like Ethereum.
Halving
A scheduled cut in new Bitcoin issued per block, roughly every four years.
Market cap
Price × circulating supply; a rough measure of a coin's size.
Memo / destination tag
An extra ID some networks (XRP, etc.) need to credit the right account.
NFT
A non-fungible token: a unique digital item recorded on a blockchain.
Ponzi scheme
Fraud that pays earlier investors with newer investors' money.
Private key
The secret that controls a wallet. Never share it.
Recovery phrase
12–24 words that can restore a wallet; equivalent to the private key.
Rug pull
When project creators abandon it and run off with investors' funds.
Stablecoin
A token designed to hold a steady value, often $1 (e.g. USDT, USDC).
Staking
Locking coins to help secure a network in exchange for rewards.
Volatility
How sharply a price moves up and down.
Whale
A holder with a very large amount of a coin.