Crypto Basics

If crypto is new to you, this is where to start. You do not need to understand everything at once. You need a working picture of four things: what a blockchain is, what Bitcoin is for, what a smart contract does, and how the major networks differ. Once those click, the rest of the site makes sense.

These guides are written in plain English with no assumed background. When you are ready to do something with crypto rather than just understand it, move on to the DeFi Passive Income and Ethereum and DeFi hubs.

Start here

Core concepts

How the networks differ

Next steps

Crypto basics FAQ

What is the difference between Bitcoin and Ethereum?

Bitcoin is designed to be digital money and a store of value, with a fixed supply and a deliberately simple design. Ethereum is a programmable network where developers deploy smart contracts, which is what makes DeFi, stablecoins and most crypto applications possible. Many people hold both for different reasons.

What is a blockchain in one sentence?

A blockchain is a shared record of transactions, copied across many computers, where new entries are added in batches and old entries cannot be quietly changed.

Is crypto safe to hold?

The assets themselves are as safe as your wallet security. The prices are volatile, so only hold what you can afford to see drop by half. The main way people lose crypto is not a network failure but a lost seed phrase, a scam, or a bad transaction approval. Start with Crypto Wallet Security.

Where should a complete beginner start?

Read What Is a Blockchain and What Is Bitcoin and Cryptocurrency first. Then, if you want to try earning yield, How to Start DeFi covers the smallest safe way in.

Keep exploring

Related hubs: DeFi Passive Income, Ethereum and DeFi, Wallets and Security. Back to the homepage.