To get started with bitcoin, you simply need to understand some basic terminology. Cryptocurrency is a digital or virtual currency that uses cryptography for security. This means it’s hard to counterfeit, even more, difficult to duplicate, and can be transmitted globally without the need for a financial institution. Bitcoin is the most popular cryptocurrency, but there are some others worth knowing about.

If you’re new to the world of cryptocurrency and Bitcoin, you’ve probably run into a few terms that sound familiar but aren’t quite sure what they mean. If you’re looking to break into the world of cryptocurrency and Bitcoin, or if you’re just curious to know more about the technology behind cryptocurrency, there are a few things you should know before diving in.

Cryptocurrency and the underlying technology are constantly changing and evolving, and new terms are popping up all the time.

Here are eight of the most important terms of the current cryptocurrency craze.

USD coin

The USD Coin is a cryptocurrency, and as such, it is not governed by the government. But the government doesn’t want to mess with it, and that is a good thing for you and me. They can’t regulate it, and that means they can’t tamper with it. It is like a free-market system for money.

Uniswap

Uniswap is a cryptocurrency exchange that focuses on security and transparency, as well as is a highly ranked cryptocurrency exchange that has been in operation since mid-2015. In addition to offering a wide range of different cryptocurrencies, Uniswap has a number of other unique features. It supports the use of a variety of different blockchain assets — for example, Bitcoin, Ethereum, Litecoin, and Ripple — which can be traded between each other via a separate trading platform.

Binance coin

There are over 1,000 new cryptocurrencies being created every single month. Most of these are not worth investing in. However, there are a handful of new coins that are worth investing in. I’m not saying that Binance coin is one of them, but it is definitely worth looking into.

XRP 

XRP has made waves in the crypto community over the past year, and there’s no reason why it shouldn’t continue to do so in 2018. With nearly $100 billion in circulating supply, it has the potential to be the single most influential cryptocurrency in the future. If you’re interested in XRP, but don’t know why you should invest in it, here are some reasons.

Litecoin 

Just like the regular cryptocurrency market, Litecoin is also experiencing a pretty interesting trend. Today, it has a $4.26 billion market cap, which is higher than that of bitcoin. Litecoin is mostly preferred by people who want to make payments without the hassle of paying fees. Its transaction fees are much lower than that of bitcoin, and its network is also faster.

Stellar(XLM)

Stellar Lumens (XLM) is one of the most promising cryptocurrencies on the market today. It is currently ranked #5 on Coinmarketcap with a market cap of $5.28billion. It is currently trading at $0.19, which is a whopping 840% increase over its price in October 2017. It is also the only cryptocurrency in the top 10 that is still growing in price.

Bitcoin Cash

Bitcoin Cash is a hard fork that occurred on August 1st, 2017 when a new cryptocurrency was created by splitting the existing Bitcoin blockchain into two parts. The fork was made so that anyone holding Bitcoin at the time of the fork would have an equal amount of Bitcoin Cash as well as a number of other coins as well as their original Bitcoin. This way, you own the same amount of coins as you did before the fork, but you now have a new cryptocurrency as well.

Tether 

Tether’s vision of digital currency is an exciting one, but many investors are leery of the company’s plan to create its own tokens. Still, there are strong arguments in its favor. It is best known for providing its users with stablecoin pricing, but it also offers a new asset class, which could become the new standard for many companies.