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Cointelegraph’s crypto glossary explains the essential blockchain and cryptocurrency terms you should know when learning about digital currencies.

Aave (AAVE)

Aave is a decentralized finance (DeFi) protocol that allows users to lend and borrow cryptocurrencies without intermediaries, using its native token, AAVE, for governance and fee reduction benefits.

Airdrop

Crypto airdrops are a marketing strategy used by blockchain projects to distribute free tokens to users, often to promote awareness or reward early adopters.

Altcoin

Altcoin refers to any cryptocurrency other than Bitcoin, created to provide alternative features, functions, or applications in the blockchain ecosystem.

Bitcoin

Bitcoin is the first and most well-known cryptocurrency, created by an anonymous entity known as Satoshi Nakamoto, which operates on a decentralized peer-to-peer network using blockchain technology.

Blockchain

Blockchain is a distributed digital ledger technology that records transactions in a secure, immutable, and transparent manner across multiple nodes in a network.