Summary
The article explains key terms related to cryptocurrencies like Bitcoin, blockchain, crypto exchanges, and crypto wallets. It highlights Bitcoin's price reaching a peak of $120,000 due to supportive policies in the U.S. and discusses concepts like blockchain technology and the Bitcoin "halving" process.
Key Facts
- Bitcoin is a type of digital currency not controlled by central banks, making it popular but also volatile in price.
- U.S. President Donald Trump supports cryptocurrencies and aims to make the US a leading crypto market, contributing to Bitcoin's rise in value.
- Blockchain is the technology that records all cryptocurrency transactions in a secure and public way.
- The Bitcoin "halving" event reduces the reward for miners who validate transactions, which limits the supply of new Bitcoins.
- A crypto exchange is an online platform where people can trade regular money for cryptocurrencies.
- A crypto wallet is a tool used to store digital currencies; it can be connected to the internet (hot wallet) or offline (cold wallet).
