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A digital ledger comparable to a bank's ledger but decentralized and immutable.

Similar to a bank account, used to store cryptocurrency but is not insured by FDIC.

Analogous to the minting of currency or printing of banknotes, but performed by solving complex mathematical problems.

Functions like a traditional bank's currency exchange but for trading various cryptocurrencies.

Fees paid for processing transactions, akin to bank's service charges, but not set by a central authority.

Serves the same purpose as a bank ledger to record transactions, although it's distributed and public in the case of cryptocurrencies.

Equivalent to a bank account number, it's used to receive funds in cryptocurrency transactions.

Similar to a bank account's password, it is used to authorize outgoing cryptocurrency transactions.

Comparable to traditional contracts or agreements in banking, but is self-executing with the terms written into code.

Contrasts with centralized banking system by distributing control across a network rather than a single entity.

Digital representation of value or utility, which can be seen as the virtual equivalent of a bank's certificates of deposit.

Like an Initial Public Offering (IPO) in traditional banking, but for new cryptocurrency projects seeking to raise funds.

Designed to work like electronic fiat on blockchain platforms, typically pegged one-to-one with traditional currencies.