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The Basics:
An Intro to Crypto

10 Basic Concepts to Master

*Note: if you have a suggestion of resources we should add to / remove from this list, please go to the Suggestion Box*

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For each concept, we have included both a written explanation and a video explanation. Feel free to choose whichever is easier for you to digest.

Broad Overview

Start by reading our essay on crypto

(feel free to skip Chapter 5).

Cryptocurrency

Digital currency, or internet money, stored on a blockchain.

#1

Blockchain

A database or list of transactions

that anyone can view and verify.

#2

Smart Contract

Computer program stored on a blockchain that automatically executes when certain conditions are met.

#3

Bitcoin

The first widely

adopted cryptocurrency.

#4

Ethereum

The second largest blockchain and

first widely adopted blockchain

to enable smart contracts.

#5

Decentralized Finance (DeFi)

Financial services executed

without middlemen using

blockchain technology.

#7

Non-fungible Tokens

(NFTs)

Unique digital assets, enabling

verifiable ownership rights

to anything on the internet.

#6

Metaverse

An interconnected virtual experience

in which we can all exist, interact

and have ownership rights

#9

Web3

New web era enabled by blockchains: "Internet owned by builders and users, orchestrated with tokens." – Chris Dixon 

#8

Dogecoin

A cryptocurrency based off of

a popular meme of a Shiba Inu dog.

Bonus

Decentralized Autonomous Organizations (DAOs)

"Internet communities with a shared bank account" – Cooper Turley

#10

*Note: if you have a suggestion of terms we should add to / remove from this list, please go to the Suggestion Box*

Ready to learn more?

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