TODAY'S CRYPTOCURRENCY TERMINOLOGIES YOU NEED TO KNOW TO HELP YOU UNDERSTAND THE CRYPTO SPACE BETTER.
1.DApp: (Decentralized Application) An application built on a decentralized network, typically on a blockchain like Ethereum, rather than on a single server.
2. ETHEREUM: (ETH) A decentralized platform that allows developers to build smart contracts and decentralized apps (dApps). Its native currency is Ether (ETH).
3. FORK: A change or upgrade to the rules of a blockchain network that results in a split. A hard fork creates a new blockchain, while a soft fork maintains the original chain.
4 . GAS FEE: A charged to execute a transaction or smart contract on the Ethereum blockchain.
5 . HASH: A unique fixed-size string of characters that represents data. Hashing is used to secure transactions on the blockchain.
6 . ICO (Initial Coin Offering): A fundraising mechanism in which a new cryptocurrency project sells tokens to early investors in exchange for capital.
7. MARKET CAPITALIZATION: The total value of a cryptocurrency, calculated by multiplying the current price by the total supply of coins in circulation.