Define
Blockchain technology is essentially a digital public ledger. Bitcoin is both a cryptocurrency and blockchain. The
BTC blockchain was created specifically for trading finance without being able to copy it. ETH blockchain technology was created in response to the BTC blockchain.
The head creator of Ethereum blockchain, Vitalik Buterin argues that "BTC & Blockchain Tech would benefit from other applications besides money and needed a more robust language for App development, lead to attaching real world assists like stock, property, to the blockchain." Basically BTC is the leader for blockchain tech but requires too much GPU power to add programs on; ETH is supposed to make blockchain tech more accessible.
Non-fungible Tokens (NFT)
Let's start with what a fungible token is. A fungible token would be like a BTC coin. At this time of writing; BTC is approx. $43,587 per coin. Which means it has a physical value of $43,587. That gives it a specific price for your BTC coin.
NFT's do not have a specific price for the object. he majority are minted on the ETH blockchain to show ownership of the NFT.
NFTs can digitally represent any asset, including online-only assets like digital artwork, photos, videos and real even tangible assets such as real estate, domain names, and more. They are digitally stored on Blockchains. The Ethereum and Polygon blockchain store the most NFTs due to affordability.
Crypto
Developer: Satoshi Nakamoto
Satoshi Nakamoto's creation of Bitcoin in 2009 was a direct response to the 2008 financial crisis, offering a decentralized alternative to traditional financial systems.
Developer: Vitalik Buterin and company
Ethereum was developed as a versatile platform supporting not only a digital currency but also smart contracts and dApps.
Helpful Terms
ALPHA----------useful investment advice
APE----------buying into something
BULLISH----------positive market sentiment
BEARISH----------negative market sentiment
BLOCKCHAIN-------a record system of transactions maintained across computers linked on a peer to peer network
DAO----------decentralized autonomous organization
DApps--------decentralized applications
DEFI----------decentralized finance
DYOR----------do your own research
FOMO----------fear of missing out
FUD----------fear uncertainty doubt
GAS/GWEI----------amount of energy required to work on ETH blockchain
GM----------good morning
GN----------good night
HARD WALLET--------a physical device to store keys and cryptocurrency
HODL----------hold
MOON----------price goin up fast
MINT----------process of validating info
MOONBOY----------social media crypto influencers
NGMI----------not gonna make it
NFT----------non-fungible-Token cannot be substituted or traded for a specific $$$ amount, all have different prices
NODE-------computer that runs blockchain software to help validate transactions and keep network secure.
PFP----------profile picture
POS----------proof of stake
POW----------proof of work
P2E----------play-to-earn
VAPORWARE----------lots of marketing but no product
WEB3----------third version of interweb
WAGMI----------we're all gonna make it
Not Financial Advise