Crypto is short for cryptography. Recently, the scope of its meaning has expanded to include a broader range of definitions. These meanings can include basic cryptographic concepts or an entire ecosystem of crypto-enabled technologies, enterprises, and communities.
Cryptography is a multidisciplinary field that is focused on securing and validating information. It borrows and applies concepts from mathematics, computer science, electrical engineering, and physics.
The acronym NFTs refers to Non-Fungible-Tokens. NFTs represent unique assets with properties that are not replaceable. These tokens contrast with Fungible Tokens that can be easily interchanged with another equal or similar asset (e.g., a cryptocurrency).
NFTs became popularized with digital art projects like CryptoKitties (2017), CryptoPunks (2017), Bored Ape Yacht Club (2021), and the record-setting Beeple’s artwork Everydays (2021) that sold for 69 million dollars.
In crypto, the meaning of staking describes the action of locking tokens with the expectation of earning returns.
There are two fundamentally different forms of staking tokens:
This article debunks a number of common misconceptions that exist in relation to crypto and blockchain, including:
