Crypto Terminology

Understanding cryptocurrency requires familiarity with these essential terms:

• Mining: Process of validating transactions and adding them to the blockchain
• Wallet: Software storing private keys to access cryptocurrency
• Private Key: Secret code proving ownership of cryptocurrency
• Public Key: Shareable address to receive cryptocurrency
• Hash: Fixed-length output created from input data of any size
• Node: Computer connected to the cryptocurrency network
• Smart Contract: Self-executing code that automatically implements agreements
• Gas Fee: Payment for computational resources on networks like Ethereum