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Welcome to the crypto world! 🚀 Here you will need some key concepts:
Blockchain is a decentralized digital ledger. 🔗 Cryptocurrency is digital money. Bitcoin, Ethereum, Litecoin are the most well-known. 💰
The wallet stores your crypto. 📱 The private key is a secret code. Don't lose it! 🔐
Mining adds transactions to the blockchain. ⛏️ Altcoins - all crypto except Bitcoin. There are many of them! 🌈
HODL - hold crypto long. 💎🙌 Tokens represent value. 🪙
Smart contracts automate transactions. 📄 A fork splits the blockchain. 🍴
Gas - fee in Ethereum. ⛽ Decentralization - no one controls it. 🌐
Capitalization - total value. 📊 Whales hold a large amount. 🐳
Cold storage - offline, for security. ❄️ Consensus agrees on the state of the blockchain. 🤝
Stablecoins are tied to stable assets. 🏦 Yield farming rewards liquidity. 🌾
Sharding improves scalability. 🧩 Satoshi is the smallest unit of Bitcoin. ₿
Lightning Network - for fast transactions. ⚡ "To the moon" - the price is skyrocketing. 🌕
ATH/ATL - record prices. 📈📉 Dapp - application on the blockchain. 📱
Hashrate - the speed of miners. 🏎️
The crypto world is constantly changing. Keep learning! 🔥