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Understanding Cryptocurrency from Scratch: A Plain Language Guide to Avoiding Pitfalls and Earning More!
Just entering the cryptocurrency world feels like listening to a foreign language? What do "blockchain", "HODL", and "rug pull" really mean? Why do some people become rich overnight while others lose everything? This plain language guide will help you understand the underlying logic of the crypto world, focusing on avoiding pitfalls!
1. Core Concepts of Cryptocurrency: Understand in 3 Minutes Without Beating Around the Bush
• Cryptocurrency: Not in-game currency! It is a digital asset based on blockchain, decentralized and not controlled by banks, such as Bitcoin (BTC, known as "digital gold"), Ethereum (ETH), and stablecoins like USDT that are pegged to the US dollar.
• Blockchain: The "underlying technology" of the crypto world, akin to a public and transparent shared ledger where all transactions are recorded, unchangeable and unverifiable, just like a ledger everyone is watching.
1. Core Concepts of Cryptocurrency: Understand in 3 Minutes Without Beating Around the Bush
• Cryptocurrency: Not in-game currency! It is a digital asset based on blockchain, decentralized and not controlled by banks, such as Bitcoin (BTC, known as "digital gold"), Ethereum (ETH), and stablecoins like USDT that are pegged to the US dollar.
• Blockchain: The "underlying technology" of the crypto world, akin to a public and transparent shared ledger where all transactions are recorded, unchangeable and unverifiable, just like a ledger everyone is watching.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.