Bitcoin  - The world's first cryptocurrency that allows for peer-to-peer transactions without the need for a trusted intermediary., cryptocurrency  - A digital or virtual currency which uses cryptography for security and operates independently of a central authority or bank., blockchain  - A decentralized public ledger of all cryptocurrency transactions that allows them to be verified and recorded., public Infrastructure  - Services and facilities available to all people and not owned by any single entity., ledger  - A book or database where financial transactions are recorded. In Bitcoin, this is the blockchain., middleman  - An intermediary or agent who facilitates transactions between parties, typically charging a fee for their services., Peer-to-Peer  - A network design where all participants have equal privileges and responsibilities in the transaction process., decentralization  - The distribution of functions and powers from a central authority to multiple smaller entities., Web 1  - The early stage of the internet where content was static and non-interactive, similar to reading a digital magazine., Web 2  - Internet’s evolution where users could interact with content, contributing through blogs, social media, and more., Web 3  - The next generation of the internet where users can own the network and its assets, enabling decentralization and token-based ownership., digital asset  - A type of asset that exists in digital form, such as cryptocurrencies like Bitcoin or digital media., Ethereum  - An open-source blockchain that enables developers to build and deploy decentralized applications (DApps) using its native token, Ether., token  - A digital unit of value, often used to represent ownership or participation in a blockchain network., proof of work  - A consensus mechanism where miners solve complex mathematical problems to validate transactions and secure the network, receiving tokens as a reward., proof of stake  - A consensus mechanism where validators are chosen based on the number of tokens they hold and are willing to "stake" as collateral, ensuring security and validity of transactions.,

TOEIC - Cryptocurrency

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