DeFi stands for Decentralized Finance.
It allows people to lend, borrow, trade, and earn interest on crypto without using a bank or other middleman.
Instead of banks, DeFi uses smart contracts code that automatically executes transactions on the blockchain.
Mining is the process of verifying transactions and adding them to the blockchain.
Miners use powerful computers to solve complex mathematical problems. In return, they earn crypto rewards.
Bitcoin uses mining to keep its network secure and decentralized.
A seed phrase is a list of 12 or 24 words that acts as the master key to your crypto wallet.
If you lose your phone or wallet, you can use the seed phrase to recover your funds.
Anyone who has your seed phrase has full access to your crypto.
Important: Store it in a safe place
A seed phrase is a list of 12 or 24 words that acts as the master key to your crypto wallet.
If you lose your phone or wallet, you can use the seed phrase to recover your funds.
Anyone who has your seed phrase has full access to your crypto.
Important: Store it in a safe place
What is a Bull Market & Bear Market? 📈📉
Bull Market = prices are going up, people are confident, buying increases.
Bear Market = prices are falling, fear spreads, selling increases.
Simple way to understand it:
Bull = optimism
Bear = fear
Both phases are normal in crypto.
What is a Bull Market & Bear Market? 📈📉
Bull Market = prices are going up, people are confident, buying increases.
Bear Market = prices are falling, fear spreads, selling increases.
Simple way to understand it:
Bull = optimism
Bear = fear
Both phases are normal in crypto.
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What are Public & Private Keys in Crypto? 🔑
Your public key is like your email address people can send crypto to it.
Your private key is like your password it gives full access to your funds.
If someone gets your private key, they control your crypto.