15 terms explained
A bear market is a prolonged period of falling prices — typically defined as a 20%+ decline from recent highs — accompanied by widespread pessimism, reduced trading volume, and negative market sentiment.
Blockchain is a distributed digital ledger that records transactions across a network of computers, making data transparent and tamper-proof.
Crypto mining is the process of validating transactions and adding them to the blockchain by solving complex mathematical puzzles using specialized hardware — and earning cryptocurrency rewards in return.
A mining pool is a group of cryptocurrency miners who combine their computing power to solve blocks more frequently, then share the rewards proportionally based on each miner's contribution.
A satoshi is the smallest unit of Bitcoin, equal to 0.00000001 BTC, named after Bitcoin's pseudonymous creator Satoshi Nakamoto.
A smart contract is a self-executing program stored on a blockchain that automatically enforces the terms of an agreement when predetermined conditions are met.
Staking is locking cryptocurrency in a blockchain network to help validate transactions and earn passive rewards — similar to a bank deposit, but with crypto and typically higher yields.