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When I started learning about different blockchains, tokens, and protocols, everything became very complex for me to understand. It is common that when starting to study something new, one of the difficulties that we find is the technical vocabulary that is used in that subject. That's why today I dedicate the post to those people who are just starting to find out. I hope you find it useful!

For those of you who have been here for a while, it may be irrelevant information now, in the next post I will try to bring you something more attractive. Don't forget thumbs up after scrolling!

Blockchain:

Imagine an accounting book where all the operations of the chain are recorded in which each sheet of the book is replaced by an encrypted block. To complete a sheet/block and be able to continue with the next one, you have to find the Hash that completes the block. When a Node in the network finds the Hash, all Nodes must check and confirm that it is correct. If the hash is correct, the network releases the reward corresponding to that block and starts the process with a new block.

Node:

Each of the computers that connect to the P2P network of a blockchain participates in the task of recording the operations and trying to unlock the reward (mining cryptocurrencies).

Hash:

It is a unique number that is not duplicable according to the algorithm. It is used to verify the authenticity of a file. When there is a change to a hashed file, its hash will also change automatically. Each subsequent hash is linked to the previous one, ensuring the consistency of all blocks.

Tokens:

Tokens are currencies that only have value in certain contexts. So they are worth nothing? As I am a Galician, I am going to answer you with another question... A $1,000 chip from the MGM in Las Vegas is worth nothing? It will be worth something where they accept it and it will be worth nothing where they do not accept it.

Tokens can be fungible and non-fungible (NFT). The main difference is that non-fungible tokens are unique and indivisible, as well as not being interchangeable with each other, since being unique, they have a unique value. Fungible tokens are identical, interchangeable with each other, and also serve as payment in some contexts.

ATH:

The all-time high price of an asset, cryptocurrency, value, or whatever you are investing in.

FOMO:

Fear of missing out. That feeling invades investors when they believe that a price is going to go up a lot and makes them act impulsively.

FUD:

Fear, uncertainty, doubt. It is an investment strategy that consists in discourages investors from spreading bad news about some value. Even false information.

This post was also published in read.cash by me, The Crazy Dude. If you liked follow me to see more like this!

Do not forget to follow all my advice if you want to lose your wife because you have put the rent money in "coins that are worth cents but can be worth thousands of dollars"

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