Vocabulary

Bitcoin: It is the first, most famous and most valuable digital currency in the world, created in 2008 by a person named Satoshi Nakamoto. Bitcoin is a digital Crypto currency used to transfer funds, operating without any central bank or any central government. Bitcoin is the first Crypto currency that opened the doors for many other Crypto currencies to follow suit. It is free to store Bitcoin but it does cost a small fee to send it.

Ethereum: Ethereum is an open software platform enabling developers to build decentralized applications. Unlike Bitcoin Ethereum is the first Crypto currency allowing smart contracts to be exchanged, which means in simple words - you can have your own Crypto currency operating under the Ethereum blockchain, and in fact many organizations, companies, SMEs and more have chosen to use the Ethereum technology and blockchain for such purpose. Ethereum is also regarded as a Bitcoin alternative due to lower fees, fast transactions and its ease of use.

Dash: Dash is a crypto currency many businesses use around the world, it has a low fee and fast transaction speed with around 20,000 transactions per day (Q2 2020). DASH was launched in 2014 and its goal is to allow individuals and businesses to conduct as many transactions as possible for a fraction of a normal fee.

Tron: Tron is a blockchain-based decentralized platform that aims to build a free, global digital content entertainment system with distributed storage technology, and allows easy and cost-effective sharing of digital content.

Ripple: Ripple is a payment protocol and a Crypto Currency created in 2012. Unlike Bitcoin, Ripple transactions are virtually immediate and transferred instantly without the need to wait for confirmations. XRP is the code for the Ripple Crypto Currency and the market capitalization for Ripple is growing year over a year. Whilst XRP might not be as popular as Bitcoin - it is the only Crypto Currency that is centralized and if it ever becomes decentralzied its price could skyrocket just like Bitcoin did over the past few years.

Cardano: Cardano is a digital currency also known as ADA. It allows you to send funds with quite immediate receipt from the other end and the transfer is fully traceable. The Cardano Blockchain employs a Proof-of-Stake algorithm, peer reviewed by academics This website is a Cardano Faucet and will give you free Cardano once every hour.

NEM: NEM is a digital currency also known as XEM. It allows you to send funds with quite immediate receipt from the other end and the transfer is fully traceable. The NEM Blockchain employs a Proof-of-Importance algorithm so the more transactions you send to other users and the more you use the network - the more important you are. This website is an NEM Faucet and will give you free NEM once every hour.

Tether: Tether is the number 1 flight to safety crypto currency. Whenever Bitcoin and other altcoins go down in value, Tether keeps itself steady as its value is pretty much the same value of 1 US Dollar. Just to demonstrate that importance, as of early 2020 Tether was ranked the #4 Crypto currency in the CoinMarketCap list. The US Dollar is also known as the "Greenback" and thus some claim Tether has a green color to resemble with that name.

USD Coin: USD Coin (USDC) is a stablecoin pegged to the US dollar. Its value is $1.00 and it doesn't change. In essence it's similar to Tether in the Crypto world, but provides an alternative as every USDC token is backed by a single US dollar. The token is available in many global exchanges such as Binance, KuCoin, Fox.Exchange and more.

Steam: Steam is a digital distribution platform developed by Valve Corporation for purchasing and playing video games. Steam has a large community where players can chat, exchange items, collaborate and more. It is one of the largest digital distribution platforms for PC gaming.

Binance Coin: Binance Coin is a coin issued by one of the largest Crypto exchange platforms in the world - Binance. The coin with the BNB symbol is being used on the Binance blockchain with a BEP2 standard as well as on the Ethereum blockchain with an ERC20 standard. It has a strict limit of maximum 200 million BNB coins. As a general rule of thumb if you believe in the success of the Binance platform then you should hold (hodl) this coin because it is one of the top Crypto coins out there with a lot of potential to increase in value.

ChainLink: ChainLink is a decentralized network of nodes that provide data and information from off-blockchain sources to on-blockchain smart contracts via oracles. The protocol offers a potential solution to what is known as the “oracle problem,” or the ability to get the off-chain data needed in many smart contracts.

NEO: NEO is an open-source, community driven platform that is leveraging the intrinsic advantages of blockchain technology to realize the optimized digital world of the future. Launched in 2014, NEO's vision is about smart economy i.e. digitize assets using smart contracts, aiming to bring blockchain to the masses.