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  • Fiat Currency

    Government-issued currency that is not backed by a physical commodity, such as USD, EUR, etc.

  • Fork

    A change in the blockchain protocol that results in a split of the blockchain into two separate chains.

  • Gas

    A fee required to conduct a transaction or execute a contract on the Ethereum blockchain.

  • Halving

    An event where the reward for mining new blocks is halved, which reduces the rate at which new coins are generated.

  • Hash

    A function that converts an input into a fixed-length string of characters, which is typically a sequence of numbers and letters.

  • Hot Wallet

    A cryptocurrency wallet that is connected to the internet.

  • ICO (Initial Coin Offering)

    A fundraising method in which new projects sell their underlying cryptocurrency tokens in exchange for Bitcoin or Ethereum.

  • Ledger

    A record-keeping system for tracking transactions and balances.

  • Mining

    The process of validating transactions and adding them to the blockchain.

  • Node

    A computer that participates in the blockchain network by validating and relaying transactions.

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