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Below is a glossary of crypto lingo we have covered that you can refer to as a quick cheat sheet.

Hodl – is a term derived from a misspelling of “hold” that refers to buy-and-hold strategies in the context of bitcoin and other cryptocurrencies.

Blockchain – is a growing list of records, called blocks, that are linked together using cryptography.

Protocol – are the rules that a block chain follows to function.

Wallet – a place where people hold onto cryptocurrencies and use to transact both in sending and receiving crypto.

Hot Wallet – a wallet that is connected to the internet.

Cold Wallet – a wallet that is not connected to the internet.

Centralized – a third party that controls all aspects of something. Usually it refers to a blockchain, wallet, or exchange in the crypto world.

Decentralized – this means that no one party controls all aspects of something. Usually it refers to a blockchain, wallet, or exchange in the crypto world.

Decentralized Finance (DeFi) – This is putting traditional financial services like exchanges, payments, banking, and lending on the blockchain.

Decentralized Autonomous Organization (DAO) – An entity with no central leadership. Decisions get made from the bottom-up, governed by a community organized around a specific set of rules enforced on a blockchain.

Metaverse – is a hypothesized iteration of the Internet, supporting persistent online 3-D virtual environments through conventional personal computing, as well as virtual and augmented reality headsets. The blockchain can be the infrastructure, payment system, and rewards for this online world.