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Crypto Terminology for Newcomers - What Confused You Most When You Started

Started by Anchor34, Yesterday at 05:10 PM

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Topic: Crypto Terminology for Newcomers - What Confused You Most When You Started   Views(Read 53 times)

Anchor34

The BBC published a crypto glossary this week timed to Bitcoin's price drop, a reliable indicator that mainstream attention is back and a lot of people are trying to understand what they are looking at for the first time.

For people who have been in this space for a while: what terminology tripped you up most when you started, and what explanation finally made it click?

For people who are newer: what are you still confused about?

John_62

Gas fees confused me for a long time. The idea that the cost of a transaction is not fixed and that network congestion makes it more expensive is not intuitive coming from traditional finance