We decided to make this post for those of our subscribers who are just starting with crypto. Adepts, let’s check if you can recall all these terms! 😼

TOP 10 necessary crypto terms:

🎁 Airdrop
The distribution of free crypto tokens to promote a new project or encourage community adoption.

📉 Bear market
A prolonged period of falling prices.

📈 Bull market
A prolonged period of rising prices.

📲 dapps
Short for “decentralized applications.” Autonomous apps that operate on distributed networks smart contracts.

🌐 DeFi
Short for “decentralized finance,” a collective term for all finance-based dapps created on public blockchains.

💨 Gas
The ether that must be spent as a fee in order to execute a transaction or contract on the Ethereum network.

💻 Mining
The process of using computer equipment to verify and add new data to a blockchain ledger, as well as add new coins into circulation.

📑 Smart contract
A special type of computer program that automatically executes a transaction whenever a predetermined input is received.

⏳ Liquidity
A term for describing how easily an asset can be bought or sold at any given price, volume and time.

💸 Volatility
A word used to describe how much the price of a crypto token deviates from the average over a given period.