Technology7/14/2025β€’BBC

From Bitcoin to XRP: Key cryptocurrency terms and what they mean

From Bitcoin to XRP: Key cryptocurrency terms and what they mean

The article provides an overview of key cryptocurrency terms and their meanings. It explains that as Bitcoin's price rises again, it's important to understand the terminology used in the crypto market. The article defines Bitcoin as the first and most well-known cryptocurrency, which operates on a decentralized blockchain network. It also covers other cryptocurrencies, such as Ethereum, which has its own blockchain and can be used for smart contracts, and Ripple's XRP, which is designed for fast, cross-border transactions. The article also explains terms like "mining," which is the process of verifying and adding transactions to the blockchain, and "hodling," which refers to the strategy of holding onto cryptocurrencies rather than selling them. Overall, the article aims to provide a basic understanding of the key concepts and terminology used in the rapidly evolving world of cryptocurrencies, as their popularity and adoption continue to grow.

Note: This is an AI-generated summary of the original article. For the full story, please visit the source link below.

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