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Blockchain and Cryptocurrency Innovations

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Bitcoin

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Bitcoin is the first decentralized digital currency, introduced in 2009 by an unknown person or group under the name Satoshi Nakamoto.

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Decentralized Finance (DeFi)

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Decentralized Finance refers to financial applications built on blockchain technologies, which started to emerge around 2018.

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Initial Coin Offering (ICO)

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An ICO is a type of funding using cryptocurrencies, first appearing around 2013, that has since funded various new software projects.

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Mining Pool

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A group of cryptocurrency miners who combine their computational resources over a network to strengthen the probability of finding a block, emerged around 2010.

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Ethereum

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Ethereum is a decentralized platform that enables smart contracts and distributed applications, introduced in 2015 by Vitalik Buterin.

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Cryptocurrency Wallet

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A cryptocurrency wallet is a digital means for a user to store, send, and receive cryptocurrencies, rapidly adopted after Bitcoin's release.

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Blockchain

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A blockchain is a distributed ledger technology that underlies cryptocurrencies like Bitcoin and was first conceptualized in 2008.

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Proof of Work (PoW)

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Proof of Work is a consensus mechanism that requires participants to perform computational work, introduced with Bitcoin in 2009.

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Bitcoin Halving

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An event that reduces the reward for mining new blocks by half, occurring approximately every four years, first in 2012.

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Crypto Exchange

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A platform where customers can trade cryptocurrencies for other assets, with the first appearing in 2010.

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Non-Fungible Token (NFT)

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NFTs represent ownership of unique items and assets, made possible by Ethereum's ERC-721 standard introduced in 2017.

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Smart Contracts

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Smart contracts are self-executing contracts with the terms directly written into code, became popular with the introduction of Ethereum in 2015.

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Proof of Stake (PoS)

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Proof of Stake is a type of consensus mechanism used by some blockchains, which was introduced by Peercoin in 2012.

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Satoshi Nakamoto

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A pseudonymous person or group who created Bitcoin and wrote its original whitepaper, revealing the technology in 2008.

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Altcoins

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Alternative cryptocurrencies launched after the success of Bitcoin; the term came into existence soon after 2009.

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