Short response: Digital or virtual currency that uses cryptography for security.
Short response: A decentralized ledger that records all transactions across a network of computers.
Short response: Bitcoin is the first cryptocurrency, and altcoins are any other cryptocurrencies that followed (e.g., Ethereum, Litecoin).
Short response: Digital tools (software or hardware) that store your cryptocurrencies. Wallets can be custodial (managed by third parties) or non-custodial (you manage your private keys).
Short response: A public key is your wallet address where you receive funds, and a private key is a secret code that allows you to spend your funds.
Short response: Platforms where you can buy, sell, and trade cryptocurrencies. Some popular exchanges include Coinbase, Binance, and Kraken.
Short response: The process of verifying transactions and adding them to the blockchain ledger. Miners receive rewards in the form of cryptocurrency.
Short response: The distribution of power away from a central authority, making cryptocurrencies resistant to censorship and centralized control.