Episode II - Blockchain and Crypto Terminology: Essential Vocabulary and Concepts

The Crypto/Blockchain space an be a lot to understand for someone who is new to the technology. It’s important to have a solid foundation of the terminology (both formal and slang) that is used, the clearer the definition it is to you, the better your grasp on the higher concepts involved will be. Below are some decent resources to start you knowledge journey in understanding the foundations of blockchain technology and the cryptocurrencies that will be the format of commerce in the future. I have attempted to give a brief glossary of common terms translated into the basics, but please review and do your own research! With crypto it is important to take the time to understand what everything means and how it impacts you and your family. The links below (obtained through searches/browsing - not through sponsorship) should give more formal definitions of the consents I discussed, but don’t restrict yourself solely to these links: https://www.youtube.com/watch?v=0UvVOMZqpEA https://books.google.com/books?hl=en&lr=&id=RHJmBgAAQBAJ&oi=fnd&pg=PR3&dq=blockchain&ots=XRsIB1ZVk4&sig=dUo8BRahUUO1-GmvrMmvqJnL1BI#v=onepage&q=blockchain&f=false https://en.wikipedia.org/wiki/Blockchain https://blockgeeks.com/guides/blockchain-consensus/ https://reader.elsevier.com/reader/sd/pii/S240595951930164X?token=142272B8E4D3116AFCBFF37ED8728F75A142B3927BE9EE9A62C5934601E0723DE6F20432D2AE32802DD16A428FFB0C73&originRegion=us-east-1&originCreation=20210804120117 https://link.springer.com/chapter/10.1007%2F978-3-319-63688-7_12 https://www.youtube.com/watch?v=SSo_EIwHSd4 https://www.ibm.com/cloud/blog/blockchain-explained https://www.kevinhoyt.com/2017/04/11/blockchain-vocabulary/ https://blockchaintrainingalliance.com/pages/glossary-of-blockchain-terms https://www.technologyreview.com/2018/04/23/143486/a-glossary-of-blockchain-jargon/ https://consensys.net/knowledge-base/a-blockchain-glossary-for-beginners/ https://www.gemini.com/cryptopedia/cryptocurrencies-vs-tokens-difference#section-what-is-a-digital-asset https://invao.org/token-classes-explained-coin-vs-utility-token-vs-security-token/ https://cointelegraph.com/explained/erc-20-tokens-explained https://www.youtube.com/watch?v=cqZhNzZoMh8 https://ethereum.org/en/developers/tutorials/understand-the-erc-20-token-smart-contract/ https://ethereum.org/en/developers/docs/smart-contracts/ https://ethereum.org/en/developers/docs/standards/tokens/erc-20/ https://www.youtube.com/watch?v=PVqsCXh-V5Y https://docs.cardano.org/native-tokens/learn https://iohk.io/en/blog/posts/2021/05/17/bringing-erc20-to-cardano/ https://www.youtube.com/watch?v=Jkr0DQx7K5o Thanks for watching and the best of luck on your adventure into understanding Blockchain technology!!! Playlist: https://youtube.com/playlist?list=PLLxD0D-cqaMPBycUbrnllaPOfxcBgaUZC DISCLAIMER: I am not a financial expert/analyst, none of this is financial or legal advice. Do your own research, don’t make investment decisions based on what I say. I WILL NEVER CONTACT YOU DIRECTLY WITH INVESTMENT OPPORTUNITIES OR TO DISCUSS CRYPTO/BLOCKCHAIN/MONEY ON ANY OTHER PLATFORM. Search terms: #Crypto #Cryptocurrency #Blockchain #Vocabulary #Education