It consists of a string of letters and numbers. Just like you ask others to send an e-mail to your e-mail address, you would ask others to send you bitcoin or any other crypto currency to your address.
Blockchain: A list of validated blocks, each linking to its predecessor all the way to the genesis block.
Genesis block: The first block in the blockchain, used to make ready the cryptocurrency.
Secret key or private key: The secret number that unlocks cryptocurrency sent to the agreeing address.
Wallet: Software holds all your cryptocurrency addresses and secret keys. Use it to send, receive, and store your coins.
For Beginners: Five Most Important Terms You Need To Know In Crypto Sp…