Master the fundamentals of cryptocurrency and blockchain technology. Learn how to protect yourself from scams.
Blockchain is a distributed ledger technology that records transactions across multiple computers. Think of it as a digital notebook that everyone can read, but no one can erase.
⚠️ Scam Alert: Be wary of anyone claiming they can "hack" or "reverse" blockchain transactions. If it sounds too good to be true, it probably is.
Cryptocurrency is digital money that uses cryptography for security. Unlike traditional currencies, it operates without central banks or governments.
🚨 Red Flag: Avoid exchanges that don't require identity verification, promise guaranteed returns, or pressure you to invest quickly.
A crypto wallet stores your private keys - the passwords that give you access to your cryptocurrency. There are two main types:
Connected to the internet. Convenient but less secure.
Not connected to internet. Maximum security.
Smart contracts are self-executing programs on the blockchain. They automatically enforce agreements when conditions are met - like a vending machine that releases a snack when you insert money.
Lending, borrowing, trading without banks
Digital ownership of art, collectibles
Community-governed projects
Play-to-earn, in-game assets
→ Always verify contracts on blockchain explorers before investing!
Now that you understand the basics, learn how to spot and avoid crypto scams.