What is Web3?
What is Blockchain?
It is a decentralised ledger that stores transaction data publicly.
What is Ethereum?
It is a blockchain that supports smart contracts.
What is Smart Contract?
It is the code deployed on Ethereum that runs autonomously and cannot be changed.
What is Wallet?
It is a way to store and control private keys (e.g. MetaMask)
What is Transaction?
It is a signed action recorded permanently on the blockchain.
What is Testnet (e.g. Sepolia)?
It is a testing version of Ethereum where crypto has no real value.
What is EVM (Ethernum Virtual Machine)?
It is a runtime that executes smart contracts.
What is Gas?
It is the fee to execute a transaction or run smart contract code.
What is Private Key?
It is the secret that proves you own your wallet.
What is the difference between Ether(ETH) and Biocoin(BTC)?
Bitcoin is mainly a decentralised digital currency and store of value, while Ether is both a cryptocurrency and the native fuel used to execute smart contracts and power decentralised apps on Ethereum.
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