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@web3simplified
KNOWLEDGE BITE #3 - What is a Digital-only Currency
Bitcoin and Ethereum are digital currencies that don't have a physical equivalent and only exist in electronic form.
They are referred to as cryptocurrencies because they exist on a platform called "blockchain" and are very secure.
KNOWLEDGE BITE #20 - HODL
"HODL" is a crypto term that originated from a misspelling of someone who posted that they're "holding" their bitcoin during a bear market. It means "Hold On For Dear Life."
Watch the below video for more Web3 terms: https://www.youtube.com/watch?v=JnwDYuf1ZXQ
KNOWLEDGE BITE #2 - What is a Digital Currency
A digital currency is a currency that is accessible using an electronic device like a smartphone or computer.
Fiat currencies like the US Dollar or Euro can exist digitally using credit cards and physically in the real world as banknotes and minted coins.
Knowledge Bite #6 - Bitcoin vs. Satoshi
Just like 1 USD can be divided into 100c, 1 bitcoin (aka BTC) can be divided into 1 million satoshis.
1 satoshi = 0.00000001 BTC.
Did you know: The satoshi unit got its name from the creator of bitcoin - Satoshi Nakamoto.