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A string of characters that represents a wallet that can send and receive cryptocurrency. It is like a real-life address or email. You can share your address, but NEVER share your password or seed phrase.
Each address is unique and marks the location of a wallet on the blockchain.
Example: 0xb088E1D427FF9347366263149b1eCBb5a0A841e8
Early investment advice or intel usually from a credible source.
When you get your ETH address pre-approved to mint an NFT at some pre-defined date and time as defined by the NFT project team.
See NFT Overview Course.
An altcoin is any coin that’s not Bitcoin. Altcoins can be anything from the second-most popular coin, Ethereum, to any of the thousands of coins with very minimal market value.
The first and most valuable cryptocurrency, launched on Jan. 3, 2009– the one that brought crypto more mainstream. It’s is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.
See Crypto 101 Course.
A digital form of record keeping, and the underlying technology behind cryptocurrencies. A blockchain is the result of sequential blocks that build upon one another, creating a permanent and unchangeable ledger of transactions (or other data).
Groups of data within a blockchain. On cryptocurrency blockchains, blocks are made up of transaction records as users buy or sell coins. Each block can hold only a certain amount of information. Once it reaches that limit, a new block is formed to continue the chain.
To build useful things that contribute to the web3 ecosystem.
A representative store of digital value that lives on a given blockchain or cryptocurrency network. Some blockchains have the same name for both the network and the coin, like Bitcoin. Others can have different names for each, like the Stellar blockchain, which has a native coin called Lumen.
See Crypto 101 Course.
A popular centralized cryptocurrency exchange. This is where you can buy crypto currencies.
See Crypto 101 Course.
A secure method of storing your cryptocurrency completely offline. Many cold wallets (also called hardware wallets) are physical devices that look similar to a USB drive. This kind of wallet can help protect your crypto from hacking and theft, though it also comes with its own risks – like losing it, along with your crypto.
A digital or virtual currency that is secured by cryptography (secured communication), which makes it nearly impossible to counterfeit or double-spend.
See Crypto 101 Course.
Decentralized Autonomous Organization. The structure for a company or organization in web3. In a DAO, everyone can have ownership and be involved in decision-making.
See DAOs Course.
The movement within crypto that removes the control banks and institutions have on money, financial products, and financial services. It eliminates the fees that banks and other financial companies charge for using their services.
See DeFi course, Uniswap.
Do your own research! You should be doing this for any project you’re interested in.
See NFT Overview Course.
Also called eth or ether. A type of crypto currency powered by the blockchain with smart contract functionality. NFTs are associated with Ethereum blockchain technology.
See Crypto 101 Course.
A term for government issued currencies, like the U.S. dollar or Japanese yen. Fiat is used to describe any currency controlled by a central authority. Cryptocurrencies with their decentralized design, serve as a counterpoint to traditional fiat currencies.
The lowest price available for an NFT in a collection. The minimum amount you need to buy one. This is an important metric to look at when evaluating an NFT project.
“fear, uncertainty + doubt”
“Gas fees” are the transaction fees needed to conduct an Ethereum transaction. The system works on a standard supply and demand mechanism- gas fees go up and down based on how busy the network is (aka how many people are trying to use it at once). If the price is too high, you can wait or come back another time to complete the transaction.
“Non-Fungible Token.” “Non-fungible” more or less means that it is unique and it can’t be replaced with something else. Uses blockchain technology.
See NFT Overview Course.
“holding on for dear life.” It refers to a passive investment strategy in which people buy and hold onto cryptocurrency — instead of trading it — in the hopes that it increases in value.
See NFT Overview Course.
The process whereby new cryptocurrency coins are made available and the log of transactions between users is maintained.
See Crypto 101 Course.
The creation of a new NFT token. Refers to the process of turning a digital file into a crypto collectible or digital asset on the Ethereum blockchain.
See Crypto 101 Course.
Picture for proof or profile picture. Usually refers to an NFT collectables. Miss O Cool Girls are PFP collection.
See NFT Overview Course.
An NFT Roadmap is a document that maps out the goals and strategies of an NFT project to communicate its long-term value.
See NFT Overview Course.
NFT shilling is when someone promotes an NFT and encourages others to invest in a specific NFT. Essentially, it is crypto goods marketing. When people on social media say, “shill your NFT”, it means to show or drop a link to your non-fungible token so it can be viewed and potentially purchased.
See NFT Overview Course.
A computer program or a transaction protocol which is intended to automatically execute, control or document legally relevant events and actions according to the terms of a contract or an agreement.
A unit of value on a blockchain that usually has some other value proposition besides just a transfer of value (like a coin).
"We're all going to make it."
A place to store your cryptocurrency holdings. Many exchanges offer digital wallets. Wallets may be hot (online, software-based) or cold (offline, usually on a device).
Web3 is an idea for a new iteration of the World Wide Web based on blockchain technology, which incorporate concepts such as decentralization and token-based economics. Think of web1 as Read Only (viewing websites), web 2 as Read/Write (viewing and creating content) and web 3 as Read/Write/Own (NFTs & owning your digital footprint).
See Web3 Course.
The private key is a string of numbers and letters that give you access to an account in your digital wallet, which holds your funds (money, digital assets) and allows you to control them. This is really important because whoever “holds” the private keys has the ability to access everything in your account.
A string of letters and numbers that acts as a username and allows you to recieve cryptocurrency transactions. Anyone can send transactions to the public key, you do not need to keep it secret.
A string of characters you create to enter your wallet. You should never share this.
A sequence of random words that acts as the master key for all your crypto accounts. This should be kept a secret.
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