{"id":151,"date":"2021-03-20T20:14:33","date_gmt":"2021-03-20T19:14:33","guid":{"rendered":"https:\/\/simplecryptoguide.com\/?page_id=151"},"modified":"2026-03-15T18:11:04","modified_gmt":"2026-03-15T17:11:04","slug":"krypto-glossar","status":"publish","type":"page","link":"https:\/\/simplecryptoguide.com\/da\/crypto-glossary\/","title":{"rendered":"Krypto-glossar"},"content":{"rendered":"[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#0b0e11&#8243; global_colors_info=&#8221;{}&#8221; locked=&#8221;off&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; max_width=&#8221;80%&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; header_text_color=&#8221;#FFFFFF&#8221; header_3_text_color=&#8221;#FFFFFF&#8221; header_3_font_size=&#8221;30px&#8221; width=&#8221;80%&#8221; module_alignment=&#8221;center&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; sticky_enabled=&#8221;0&#8243;]\n    <div class=\"scg-page scg-gl\" id=\"scg-glossary\" data-total=\"150\">\n    \n    <!-- Progress tracker -->\n    <div class=\"scg-gl-progress-bar\">\n        <div class=\"scg-gl-progress-inner\">\n            <div class=\"scg-gl-progress-icon\">\ud83d\udcda<\/div>\n            <div class=\"scg-gl-progress-text\">\n                <span class=\"scg-gl-progress-count\">0<\/span> of 150 terms explored\n            <\/div>\n            <div class=\"scg-gl-progress-track\">\n                <div class=\"scg-gl-progress-fill\" style=\"width:0%\"><\/div>\n            <\/div>\n            <div class=\"scg-gl-progress-pct\">0%<\/div>\n        <\/div>\n    <\/div>\n    \n    <!-- Search -->\n    <div class=\"scg-gl-search-wrap\">\n        <input type=\"text\" id=\"scg-gl-search\" class=\"scg-gl-search\" placeholder=\"Search 150 crypto terms...\" autocomplete=\"off\" \/>\n        <span class=\"scg-gl-search-icon\">\ud83d\udd0d<\/span>\n        <span class=\"scg-gl-search-clear\" id=\"scg-gl-clear\" style=\"display:none\">\u2715<\/span>\n        <div class=\"scg-gl-search-count\" id=\"scg-gl-result-count\"><\/div>\n    <\/div>\n    \n    <!-- Difficulty filter -->\n    <div class=\"scg-gl-diff-filters\">\n        <button class=\"scg-gl-diff-btn active\" data-diff=\"all\">All Levels<\/button>\n        <button class=\"scg-gl-diff-btn\" data-diff=\"1\"><span class=\"scg-gl-dot beginner\"><\/span> Beginner<\/button>\n        <button class=\"scg-gl-diff-btn\" data-diff=\"2\"><span class=\"scg-gl-dot intermediate\"><\/span> Intermediate<\/button>\n        <button class=\"scg-gl-diff-btn\" data-diff=\"3\"><span class=\"scg-gl-dot advanced\"><\/span> Advanced<\/button>\n    <\/div>\n    \n    <!-- Category tabs -->\n    <div class=\"scg-gl-tabs\" id=\"scg-gl-tabs\">\n        <button class=\"scg-gl-tab active\" data-cat=\"all\">All (150)<\/button>\n                <button class=\"scg-gl-tab\" data-cat=\"blockchain\">Blockchain (20)<\/button>\n                <button class=\"scg-gl-tab\" data-cat=\"trading\">Trading (20)<\/button>\n                <button class=\"scg-gl-tab\" data-cat=\"defi\">DeFi (18)<\/button>\n                <button class=\"scg-gl-tab\" data-cat=\"security\">Security (15)<\/button>\n                <button class=\"scg-gl-tab\" data-cat=\"wallets\">Wallets (10)<\/button>\n                <button class=\"scg-gl-tab\" data-cat=\"mining-consensus\">Mining &amp; Consensus (12)<\/button>\n                <button class=\"scg-gl-tab\" data-cat=\"nfts-tokens\">NFTs &amp; Tokens (13)<\/button>\n                <button class=\"scg-gl-tab\" data-cat=\"stablecoins\">Stablecoins (8)<\/button>\n                <button class=\"scg-gl-tab\" data-cat=\"regulation\">Regulation (10)<\/button>\n                <button class=\"scg-gl-tab\" data-cat=\"technical\">Technical (12)<\/button>\n                <button class=\"scg-gl-tab\" data-cat=\"culture\">Culture (12)<\/button>\n            <\/div>\n    \n    <!-- Alphabet nav -->\n    <div class=\"scg-gl-alpha\" id=\"scg-gl-alpha\">\n                <a class=\"scg-gl-alpha-link \" data-letter=\"#\">#<\/a>\n                <a class=\"scg-gl-alpha-link \" data-letter=\"A\">A<\/a>\n                <a class=\"scg-gl-alpha-link \" data-letter=\"B\">B<\/a>\n                <a class=\"scg-gl-alpha-link \" data-letter=\"C\">C<\/a>\n                <a class=\"scg-gl-alpha-link \" data-letter=\"D\">D<\/a>\n                <a class=\"scg-gl-alpha-link \" data-letter=\"E\">E<\/a>\n                <a class=\"scg-gl-alpha-link \" data-letter=\"F\">F<\/a>\n                <a class=\"scg-gl-alpha-link \" data-letter=\"G\">G<\/a>\n                <a class=\"scg-gl-alpha-link \" data-letter=\"H\">H<\/a>\n                <a class=\"scg-gl-alpha-link \" data-letter=\"I\">I<\/a>\n                <a class=\"scg-gl-alpha-link disabled\" data-letter=\"J\">J<\/a>\n                <a class=\"scg-gl-alpha-link \" data-letter=\"K\">K<\/a>\n                <a class=\"scg-gl-alpha-link \" data-letter=\"L\">L<\/a>\n                <a class=\"scg-gl-alpha-link \" data-letter=\"M\">M<\/a>\n                <a class=\"scg-gl-alpha-link \" data-letter=\"N\">N<\/a>\n                <a class=\"scg-gl-alpha-link \" data-letter=\"O\">O<\/a>\n                <a class=\"scg-gl-alpha-link \" data-letter=\"P\">P<\/a>\n                <a class=\"scg-gl-alpha-link disabled\" data-letter=\"Q\">Q<\/a>\n                <a class=\"scg-gl-alpha-link \" data-letter=\"R\">R<\/a>\n                <a class=\"scg-gl-alpha-link \" data-letter=\"S\">S<\/a>\n                <a class=\"scg-gl-alpha-link \" data-letter=\"T\">T<\/a>\n                <a class=\"scg-gl-alpha-link \" data-letter=\"U\">U<\/a>\n                <a class=\"scg-gl-alpha-link \" data-letter=\"V\">V<\/a>\n                <a class=\"scg-gl-alpha-link \" data-letter=\"W\">W<\/a>\n                <a class=\"scg-gl-alpha-link disabled\" data-letter=\"X\">X<\/a>\n                <a class=\"scg-gl-alpha-link \" data-letter=\"Y\">Y<\/a>\n                <a class=\"scg-gl-alpha-link \" data-letter=\"Z\">Z<\/a>\n            <\/div>\n    \n    <!-- Terms list -->\n    <div class=\"scg-gl-terms\" id=\"scg-gl-terms\">\n                <div class=\"scg-gl-card\" \n             data-slug=\"blockchain\"\n             data-cat=\"blockchain\" \n             data-diff=\"1\" \n             data-letter=\"B\"\n             data-term=\"blockchain\"\n             data-def=\"a decentralized, distributed digital ledger that records transactions across many computers so that the record cannot be altered retroactively.\"\n             id=\"term-blockchain\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Blockchain<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A decentralized, distributed digital ledger that records transactions across many computers so that the record cannot be altered retroactively.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewBox=\"0 0 600 120\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"10\" y=\"30\" width=\"100\" height=\"60\" rx=\"8\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"60\" y=\"55\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"11\" font-weight=\"600\">Block 1<\/text><text x=\"60\" y=\"72\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Tx Data + Hash<\/text><line x1=\"110\" y1=\"60\" x2=\"150\" y2=\"60\" stroke=\"#4ADE80\" stroke-width=\"2\" marker-end=\"url(#arr)\"\/><rect x=\"150\" y=\"30\" width=\"100\" height=\"60\" rx=\"8\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"200\" y=\"55\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"11\" font-weight=\"600\">Block 2<\/text><text x=\"200\" y=\"72\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Prev Hash + Tx<\/text><line x1=\"250\" y1=\"60\" x2=\"290\" y2=\"60\" stroke=\"#4ADE80\" stroke-width=\"2\" marker-end=\"url(#arr)\"\/><rect x=\"290\" y=\"30\" width=\"100\" height=\"60\" rx=\"8\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"340\" y=\"55\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"11\" font-weight=\"600\">Block 3<\/text><text x=\"340\" y=\"72\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Prev Hash + Tx<\/text><line x1=\"390\" y1=\"60\" x2=\"430\" y2=\"60\" stroke=\"#4ADE80\" stroke-width=\"2\" marker-end=\"url(#arr)\"\/><rect x=\"430\" y=\"30\" width=\"100\" height=\"60\" rx=\"8\" fill=\"#1C2230\" stroke=\"#38BDF8\" stroke-width=\"2\" stroke-dasharray=\"4 3\"\/><text x=\"480\" y=\"55\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"11\" font-weight=\"600\">Block N<\/text><text x=\"480\" y=\"72\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Pending...<\/text><defs><marker id=\"arr\" viewBox=\"0 0 10 10\" refX=\"8\" refY=\"5\" markerWidth=\"6\" markerHeight=\"6\" orient=\"auto\"><path d=\"M 0 0 L 10 5 L 0 10 z\" fill=\"#4ADE80\"\/><\/marker><\/defs><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. This chain structure makes it virtually impossible to alter historical records without changing every subsequent block. Blockchains can be public (like Bitcoin) or private (used by enterprises).<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The Bitcoin blockchain has never been hacked or altered since its launch in 2009 \u2014 over 15 years of continuous, unbroken operation.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"block\">Block<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"decentralization\">Decentralization<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"distributed-ledger\">Distributed Ledger<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"consensus-mechanism\">Consensus Mechanism<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/what-is-blockchain-technology\/\">\n                    \ud83d\udcd6 What Is Blockchain?                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"block\"\n             data-cat=\"blockchain\" \n             data-diff=\"1\" \n             data-letter=\"B\"\n             data-term=\"block\"\n             data-def=\"a collection of transaction data bundled together and added to the blockchain. each block is linked to the previous one, forming a chain.\"\n             id=\"term-block\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Block<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A collection of transaction data bundled together and added to the blockchain. Each block is linked to the previous one, forming a chain.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Blocks have a maximum size that varies by blockchain \u2014 Bitcoin blocks are limited to about 4MB, while other chains have different limits. When a block is full, a new block is created. The time between blocks varies: ~10 minutes for Bitcoin, ~12 seconds for Ethereum.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Bitcoin block #0 (the genesis block) contained a hidden message: a newspaper headline about bank bailouts.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"blockchain\">Blockchain<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"block-height\">Block Height<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"genesis-block\">Genesis Block<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"block-reward\">Block Reward<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"block-height\"\n             data-cat=\"blockchain\" \n             data-diff=\"2\" \n             data-letter=\"B\"\n             data-term=\"block height\"\n             data-def=\"the number of blocks in the chain between a given block and the very first block (genesis block).\"\n             id=\"term-block-height\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Block Height<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The number of blocks in the chain between a given block and the very first block (genesis block).<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Block height serves as a way to reference specific points in a blockchain&#039;s history. For example, Bitcoin&#039;s halving events occur at specific block heights. The current block height tells you how many blocks have been mined since the chain launched.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Bitcoin&#039;s 4th halving occurred at block height 840,000 in April 2024.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"block\">Block<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"genesis-block\">Genesis Block<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"halving\">Halving<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"genesis-block\"\n             data-cat=\"blockchain\" \n             data-diff=\"1\" \n             data-letter=\"G\"\n             data-term=\"genesis block\"\n             data-def=\"the very first block in a blockchain, also known as block 0. it is the foundation upon which all subsequent blocks are built.\"\n             id=\"term-genesis-block\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Genesis Block<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The very first block in a blockchain, also known as Block 0. It is the foundation upon which all subsequent blocks are built.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Bitcoin&#039;s genesis block was mined by Satoshi Nakamoto on January 3, 2009. It contained a message referencing a newspaper headline: &quot;The Times 03\/Jan\/2009 Chancellor on brink of second bailout for banks&quot; \u2014 widely interpreted as a comment on the financial system Bitcoin was created to address.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The 50 BTC reward from Bitcoin&#039;s genesis block can never be spent due to a quirk in the original code.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"block\">Block<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"blockchain\">Blockchain<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"block-height\">Block Height<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"node\"\n             data-cat=\"blockchain\" \n             data-diff=\"2\" \n             data-letter=\"N\"\n             data-term=\"node\"\n             data-def=\"a computer that maintains a copy of the blockchain and helps validate and relay transactions across the network.\"\n             id=\"term-node\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Node<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A computer that maintains a copy of the blockchain and helps validate and relay transactions across the network.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Full nodes store the entire blockchain history and independently verify all transactions and blocks. Light nodes only download block headers and rely on full nodes for verification. Running a node contributes to network decentralization and security. Anyone can run a node \u2014 it requires a computer and internet connection.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Bitcoin has over 15,000 reachable full nodes spread across more than 100 countries.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"decentralization\">Decentralization<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"validator\">Validator<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"consensus-mechanism\">Consensus Mechanism<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"decentralization\"\n             data-cat=\"blockchain\" \n             data-diff=\"1\" \n             data-letter=\"D\"\n             data-term=\"decentralization\"\n             data-def=\"the distribution of power and control away from a single central authority to a network of participants.\"\n             id=\"term-decentralization\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Decentralization<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The distribution of power and control away from a single central authority to a network of participants.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewBox=\"0 0 600 160\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><text x=\"150\" y=\"15\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"10\" font-weight=\"600\">CENTRALIZED<\/text><circle cx=\"150\" cy=\"80\" r=\"20\" fill=\"#1C2230\" stroke=\"#F87171\" stroke-width=\"2\"\/><text x=\"150\" y=\"84\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"9\" font-weight=\"700\">HUB<\/text><circle cx=\"90\" cy=\"40\" r=\"10\" fill=\"#1C2230\" stroke=\"#5A6478\" stroke-width=\"1.5\"\/><circle cx=\"210\" cy=\"40\" r=\"10\" fill=\"#1C2230\" stroke=\"#5A6478\" stroke-width=\"1.5\"\/><circle cx=\"90\" cy=\"120\" r=\"10\" fill=\"#1C2230\" stroke=\"#5A6478\" stroke-width=\"1.5\"\/><circle cx=\"210\" cy=\"120\" r=\"10\" fill=\"#1C2230\" stroke=\"#5A6478\" stroke-width=\"1.5\"\/><line x1=\"135\" y1=\"66\" x2=\"97\" y2=\"47\" stroke=\"#5A6478\" stroke-width=\"1\"\/><line x1=\"165\" y1=\"66\" x2=\"203\" y2=\"47\" stroke=\"#5A6478\" stroke-width=\"1\"\/><line x1=\"135\" y1=\"94\" x2=\"97\" y2=\"113\" stroke=\"#5A6478\" stroke-width=\"1\"\/><line x1=\"165\" y1=\"94\" x2=\"203\" y2=\"113\" stroke=\"#5A6478\" stroke-width=\"1\"\/><text x=\"450\" y=\"15\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"10\" font-weight=\"600\">DECENTRALIZED<\/text><circle cx=\"400\" cy=\"55\" r=\"12\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><circle cx=\"500\" cy=\"55\" r=\"12\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><circle cx=\"400\" cy=\"115\" r=\"12\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><circle cx=\"500\" cy=\"115\" r=\"12\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><circle cx=\"450\" cy=\"85\" r=\"12\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><line x1=\"410\" y1=\"60\" x2=\"440\" y2=\"80\" stroke=\"#4ADE80\" stroke-width=\"1\" opacity=\"0.5\"\/><line x1=\"490\" y1=\"60\" x2=\"460\" y2=\"80\" stroke=\"#4ADE80\" stroke-width=\"1\" opacity=\"0.5\"\/><line x1=\"410\" y1=\"110\" x2=\"440\" y2=\"90\" stroke=\"#4ADE80\" stroke-width=\"1\" opacity=\"0.5\"\/><line x1=\"490\" y1=\"110\" x2=\"460\" y2=\"90\" stroke=\"#4ADE80\" stroke-width=\"1\" opacity=\"0.5\"\/><line x1=\"410\" y1=\"55\" x2=\"490\" y2=\"55\" stroke=\"#4ADE80\" stroke-width=\"1\" opacity=\"0.5\"\/><line x1=\"410\" y1=\"115\" x2=\"490\" y2=\"115\" stroke=\"#4ADE80\" stroke-width=\"1\" opacity=\"0.5\"\/><line x1=\"400\" y1=\"67\" x2=\"400\" y2=\"103\" stroke=\"#4ADE80\" stroke-width=\"1\" opacity=\"0.5\"\/><line x1=\"500\" y1=\"67\" x2=\"500\" y2=\"103\" stroke=\"#4ADE80\" stroke-width=\"1\" opacity=\"0.5\"\/><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>In a decentralized network like Bitcoin, no single entity controls the system. Thousands of nodes worldwide maintain the network, and no one can unilaterally alter the rules or censor transactions. The degree of decentralization varies between blockchains \u2014 some are more decentralized than others.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The most decentralized blockchain is Bitcoin, with no known entity controlling more than 3-4% of total hash rate.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"blockchain\">Blockchain<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"node\">Node<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"distributed-ledger\">Distributed Ledger<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"consensus-mechanism\">Consensus Mechanism<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/what-is-blockchain-technology\/\">\n                    \ud83d\udcd6 Understanding Decentralization                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"distributed-ledger\"\n             data-cat=\"blockchain\" \n             data-diff=\"2\" \n             data-letter=\"D\"\n             data-term=\"distributed ledger\"\n             data-def=\"a database that is shared, replicated, and synchronized across multiple locations, institutions, or geographies \u2014 accessible by multiple people.\"\n             id=\"term-distributed-ledger\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Distributed Ledger<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A database that is shared, replicated, and synchronized across multiple locations, institutions, or geographies \u2014 accessible by multiple people.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>A blockchain is a type of distributed ledger, but not all distributed ledgers use blockchain technology. The key feature is that no single administrator controls the ledger. Changes must be agreed upon by the network through a consensus mechanism.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Enterprise distributed ledger projects are used by companies like Walmart (supply chain) and JPMorgan (payments).<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"blockchain\">Blockchain<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"decentralization\">Decentralization<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"consensus-mechanism\">Consensus Mechanism<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"smart-contract\"\n             data-cat=\"blockchain\" \n             data-diff=\"2\" \n             data-letter=\"S\"\n             data-term=\"smart contract\"\n             data-def=\"self-executing code stored on a blockchain that automatically enforces the terms of an agreement when predefined conditions are met.\"\n             id=\"term-smart-contract\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Smart Contract<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Self-executing code stored on a blockchain that automatically enforces the terms of an agreement when predefined conditions are met.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewBox=\"0 0 600 130\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"20\" y=\"35\" width=\"120\" height=\"60\" rx=\"8\" fill=\"#1C2230\" stroke=\"#38BDF8\" stroke-width=\"2\"\/><text x=\"80\" y=\"60\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"11\" font-weight=\"600\">IF condition<\/text><text x=\"80\" y=\"76\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">is met...<\/text><line x1=\"140\" y1=\"65\" x2=\"200\" y2=\"65\" stroke=\"#FBBF24\" stroke-width=\"2\" marker-end=\"url(#arr2)\"\/><rect x=\"200\" y=\"25\" width=\"140\" height=\"80\" rx=\"10\" fill=\"#1C2230\" stroke=\"#FBBF24\" stroke-width=\"2\"\/><text x=\"270\" y=\"55\" text-anchor=\"middle\" fill=\"#FBBF24\" font-size=\"11\" font-weight=\"700\">Smart Contract<\/text><text x=\"270\" y=\"72\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Auto-executes<\/text><text x=\"270\" y=\"88\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">on blockchain<\/text><line x1=\"340\" y1=\"65\" x2=\"400\" y2=\"65\" stroke=\"#4ADE80\" stroke-width=\"2\" marker-end=\"url(#arr3)\"\/><rect x=\"400\" y=\"35\" width=\"120\" height=\"60\" rx=\"8\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"460\" y=\"60\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"11\" font-weight=\"600\">THEN action<\/text><text x=\"460\" y=\"76\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">executes auto.<\/text><defs><marker id=\"arr2\" viewBox=\"0 0 10 10\" refX=\"8\" refY=\"5\" markerWidth=\"6\" markerHeight=\"6\" orient=\"auto\"><path d=\"M 0 0 L 10 5 L 0 10 z\" fill=\"#FBBF24\"\/><\/marker><marker id=\"arr3\" viewBox=\"0 0 10 10\" refX=\"8\" refY=\"5\" markerWidth=\"6\" markerHeight=\"6\" orient=\"auto\"><path d=\"M 0 0 L 10 5 L 0 10 z\" fill=\"#4ADE80\"\/><\/marker><\/defs><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Ethereum popularized smart contracts, which enable DeFi, NFTs, DAOs, and thousands of other applications. Once deployed, a smart contract cannot be altered \u2014 the code runs exactly as written. This eliminates the need for intermediaries but also means bugs in the code can have irreversible consequences.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The first major smart contract hack \u2014 the DAO hack in 2016 \u2014 stole $60M in ETH and led to Ethereum splitting into two chains.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"defi\">DeFi (Decentralized Finance)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dao\">DAO (Decentralized Autonomous Organization)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"gas\">Gas<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"smart-contract-audit\">Smart Contract Audit<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"gas\"\n             data-cat=\"blockchain\" \n             data-diff=\"2\" \n             data-letter=\"G\"\n             data-term=\"gas\"\n             data-def=\"the unit of measurement for the computational effort required to execute transactions or smart contracts on the ethereum network.\"\n             id=\"term-gas\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Gas<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The unit of measurement for the computational effort required to execute transactions or smart contracts on the Ethereum network.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Gas fees are paid in ETH and fluctuate based on network demand. When the network is busy, gas fees rise \u2014 sometimes dramatically. Layer 2 solutions like Arbitrum and Optimism were developed to reduce gas costs by processing transactions off the main Ethereum chain.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>During the 2021 NFT boom, a single Ethereum transaction could cost over $200 in gas fees.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"smart-contract\">Smart Contract<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"layer-2\">Layer 2 (L2)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"transaction-hash\">Transaction Hash (TxHash)<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/how-to-buy\/how-to-buy-ethereum-eth\/\">\n                    \ud83d\udcd6 How to Buy Ethereum                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"transaction-hash\"\n             data-cat=\"blockchain\" \n             data-diff=\"2\" \n             data-letter=\"T\"\n             data-term=\"transaction hash (txhash)\"\n             data-def=\"a unique identifier assigned to every transaction on a blockchain. it acts as a receipt that can be used to track the transaction status.\"\n             id=\"term-transaction-hash\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Transaction Hash (TxHash)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A unique identifier assigned to every transaction on a blockchain. It acts as a receipt that can be used to track the transaction status.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>A transaction hash is a long string of letters and numbers generated when a transaction is broadcast to the network. You can paste it into a block explorer to see the transaction details: sender, recipient, amount, fee, and confirmation status.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The first ever Bitcoin transaction (by Satoshi to Hal Finney) has the hash that starts with f4184fc...<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"block-explorer\">Block Explorer<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"hash-function\">Hash Function<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"block-explorer\"\n             data-cat=\"blockchain\" \n             data-diff=\"1\" \n             data-letter=\"B\"\n             data-term=\"block explorer\"\n             data-def=\"a tool that allows you to search and browse blockchain data \u2014 transactions, addresses, blocks, and more.\"\n             id=\"term-block-explorer\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Block Explorer<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A tool that allows you to search and browse blockchain data \u2014 transactions, addresses, blocks, and more.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Popular block explorers include Etherscan for Ethereum, Blockchain.com for Bitcoin, and Solscan for Solana. They function like a search engine for blockchain data, letting you verify transactions, check wallet balances, and explore smart contract activity.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Etherscan processes over 5 billion API calls per day \u2014 more than many traditional financial data providers.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"transaction-hash\">Transaction Hash (TxHash)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"wallet-address\">Wallet Address<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"consensus-mechanism\"\n             data-cat=\"blockchain\" \n             data-diff=\"2\" \n             data-letter=\"C\"\n             data-term=\"consensus mechanism\"\n             data-def=\"the method by which a blockchain network agrees on the current state of the ledger and validates new transactions.\"\n             id=\"term-consensus-mechanism\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Consensus Mechanism<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The method by which a blockchain network agrees on the current state of the ledger and validates new transactions.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewBox=\"0 0 600 110\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"30\" y=\"20\" width=\"240\" height=\"70\" rx=\"10\" fill=\"#1C2230\" stroke=\"#FBBF24\" stroke-width=\"2\"\/><text x=\"150\" y=\"45\" text-anchor=\"middle\" fill=\"#FBBF24\" font-size=\"12\" font-weight=\"700\">Proof of Work<\/text><text x=\"150\" y=\"62\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Miners solve puzzles \u26a1<\/text><text x=\"150\" y=\"76\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Bitcoin, Litecoin, Dogecoin<\/text><rect x=\"330\" y=\"20\" width=\"240\" height=\"70\" rx=\"10\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"450\" y=\"45\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"12\" font-weight=\"700\">Proof of Stake<\/text><text x=\"450\" y=\"62\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Validators lock tokens \ud83d\udd12<\/text><text x=\"450\" y=\"76\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Ethereum, Solana, Cardano<\/text><text x=\"300\" y=\"105\" text-anchor=\"middle\" fill=\"#5A6478\" font-size=\"9\">Both achieve the same goal: agreeing on the truth without a central authority<\/text><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>The two most common mechanisms are Proof of Work (used by Bitcoin) and Proof of Stake (used by Ethereum, Solana, Cardano). Each has different tradeoffs in terms of security, speed, energy consumption, and decentralization.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>There are over 30 different consensus mechanisms in use across various blockchains.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"proof-of-work\">Proof of Work (PoW)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"proof-of-stake\">Proof of Stake (PoS)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"validator\">Validator<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"node\">Node<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"fork\"\n             data-cat=\"blockchain\" \n             data-diff=\"2\" \n             data-letter=\"F\"\n             data-term=\"fork\"\n             data-def=\"a change to a blockchain&#039;s protocol. a soft fork is backward-compatible; a hard fork creates a new chain that is not compatible with the old one.\"\n             id=\"term-fork\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Fork<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A change to a blockchain&#039;s protocol. A soft fork is backward-compatible; a hard fork creates a new chain that is not compatible with the old one.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewBox=\"0 0 600 130\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"20\" y=\"50\" width=\"80\" height=\"40\" rx=\"6\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"60\" y=\"74\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"10\">Block N<\/text><line x1=\"100\" y1=\"70\" x2=\"160\" y2=\"70\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><rect x=\"160\" y=\"50\" width=\"80\" height=\"40\" rx=\"6\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"200\" y=\"74\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"10\">Block N+1<\/text><line x1=\"240\" y1=\"60\" x2=\"310\" y2=\"30\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><line x1=\"240\" y1=\"80\" x2=\"310\" y2=\"110\" stroke=\"#38BDF8\" stroke-width=\"2\"\/><rect x=\"310\" y=\"10\" width=\"120\" height=\"40\" rx=\"6\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"370\" y=\"34\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"10\" font-weight=\"600\">Chain A (original)<\/text><rect x=\"310\" y=\"90\" width=\"120\" height=\"40\" rx=\"6\" fill=\"#1C2230\" stroke=\"#38BDF8\" stroke-width=\"2\"\/><text x=\"370\" y=\"114\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"10\" font-weight=\"600\">Chain B (fork)<\/text><line x1=\"430\" y1=\"30\" x2=\"470\" y2=\"30\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><rect x=\"470\" y=\"10\" width=\"80\" height=\"40\" rx=\"6\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"1.5\"\/><line x1=\"430\" y1=\"110\" x2=\"470\" y2=\"110\" stroke=\"#38BDF8\" stroke-width=\"2\"\/><rect x=\"470\" y=\"90\" width=\"80\" height=\"40\" rx=\"6\" fill=\"#1C2230\" stroke=\"#38BDF8\" stroke-width=\"1.5\"\/><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Bitcoin Cash was created through a hard fork of Bitcoin in 2017 \u2014 a disagreement about block size led to two separate chains. Ethereum underwent a major hard fork called &quot;The Merge&quot; in 2022, transitioning from Proof of Work to Proof of Stake.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>There have been over 100 forks of Bitcoin, but only a handful (BCH, BSV) have maintained any meaningful value.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"blockchain\">Blockchain<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"consensus-mechanism\">Consensus Mechanism<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"mainnet\">Mainnet<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"mainnet\"\n             data-cat=\"blockchain\" \n             data-diff=\"2\" \n             data-letter=\"M\"\n             data-term=\"mainnet\"\n             data-def=\"the primary, live blockchain network where actual transactions with real value take place.\"\n             id=\"term-mainnet\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Mainnet<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The primary, live blockchain network where actual transactions with real value take place.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Before launching on mainnet, projects typically test on a testnet where tokens have no real value. When a project &quot;launches on mainnet,&quot; it means the real version is live and operational.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Ethereum&#039;s mainnet launched on July 30, 2015, with the price of ETH at just $0.31.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"testnet\">Testnet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"blockchain\">Blockchain<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"fork\">Fork<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"testnet\"\n             data-cat=\"blockchain\" \n             data-diff=\"2\" \n             data-letter=\"T\"\n             data-term=\"testnet\"\n             data-def=\"a separate blockchain network used for testing and development, where tokens have no real monetary value.\"\n             id=\"term-testnet\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Testnet<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A separate blockchain network used for testing and development, where tokens have no real monetary value.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Developers use testnets to test smart contracts, protocol changes, and applications before deploying to mainnet. Users can get free testnet tokens from &quot;faucets&quot; to experiment without risking real money.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Some testnet tokens have accidentally been sold for real money on marketplaces by confused users.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"mainnet\">Mainnet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"smart-contract\">Smart Contract<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"layer-1\"\n             data-cat=\"blockchain\" \n             data-diff=\"1\" \n             data-letter=\"L\"\n             data-term=\"layer 1 (l1)\"\n             data-def=\"the base blockchain network \u2014 the main chain that processes and finalizes transactions. examples include bitcoin, ethereum, and solana.\"\n             id=\"term-layer-1\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Layer 1 (L1)<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The base blockchain network \u2014 the main chain that processes and finalizes transactions. Examples include Bitcoin, Ethereum, and Solana.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewBox=\"0 0 600 140\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"50\" y=\"80\" width=\"500\" height=\"50\" rx=\"10\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"300\" y=\"105\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"13\" font-weight=\"700\">Layer 1 \u2014 Base Chain (ETH, BTC, SOL)<\/text><text x=\"300\" y=\"120\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Security &amp; consensus \u2014 slower, more expensive<\/text><rect x=\"100\" y=\"15\" width=\"180\" height=\"50\" rx=\"10\" fill=\"#1C2230\" stroke=\"#38BDF8\" stroke-width=\"2\"\/><text x=\"190\" y=\"38\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"12\" font-weight=\"700\">Layer 2 \u2014 Arbitrum<\/text><text x=\"190\" y=\"52\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Fast &amp; cheap transactions<\/text><rect x=\"320\" y=\"15\" width=\"180\" height=\"50\" rx=\"10\" fill=\"#1C2230\" stroke=\"#38BDF8\" stroke-width=\"2\"\/><text x=\"410\" y=\"38\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"12\" font-weight=\"700\">Layer 2 \u2014 Optimism<\/text><text x=\"410\" y=\"52\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Inherits L1 security<\/text><line x1=\"190\" y1=\"65\" x2=\"190\" y2=\"80\" stroke=\"#8A94A6\" stroke-width=\"1\" stroke-dasharray=\"4 3\"\/><line x1=\"410\" y1=\"65\" x2=\"410\" y2=\"80\" stroke=\"#8A94A6\" stroke-width=\"1\" stroke-dasharray=\"4 3\"\/><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Layer 1 blockchains provide the fundamental security and consensus for the network. They can face scalability challenges as usage grows \u2014 which is why Layer 2 solutions were developed to handle overflow.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Solana can process over 4,000 transactions per second on Layer 1 \u2014 vs. Bitcoin&#039;s ~7 and Ethereum&#039;s ~30.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"layer-2\">Layer 2 (L2)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"blockchain\">Blockchain<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"consensus-mechanism\">Consensus Mechanism<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"rollup\">Rollup<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"layer-2\"\n             data-cat=\"blockchain\" \n             data-diff=\"2\" \n             data-letter=\"L\"\n             data-term=\"layer 2 (l2)\"\n             data-def=\"a secondary protocol built on top of a layer 1 blockchain to improve its scalability and speed while inheriting its security.\"\n             id=\"term-layer-2\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Layer 2 (L2)<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A secondary protocol built on top of a Layer 1 blockchain to improve its scalability and speed while inheriting its security.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewBox=\"0 0 600 140\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"50\" y=\"80\" width=\"500\" height=\"50\" rx=\"10\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"300\" y=\"105\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"13\" font-weight=\"700\">Layer 1 \u2014 Base Chain (ETH, BTC, SOL)<\/text><text x=\"300\" y=\"120\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Security &amp; consensus \u2014 slower, more expensive<\/text><rect x=\"100\" y=\"15\" width=\"180\" height=\"50\" rx=\"10\" fill=\"#1C2230\" stroke=\"#38BDF8\" stroke-width=\"2\"\/><text x=\"190\" y=\"38\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"12\" font-weight=\"700\">Layer 2 \u2014 Arbitrum<\/text><text x=\"190\" y=\"52\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Fast &amp; cheap transactions<\/text><rect x=\"320\" y=\"15\" width=\"180\" height=\"50\" rx=\"10\" fill=\"#1C2230\" stroke=\"#38BDF8\" stroke-width=\"2\"\/><text x=\"410\" y=\"38\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"12\" font-weight=\"700\">Layer 2 \u2014 Optimism<\/text><text x=\"410\" y=\"52\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Inherits L1 security<\/text><line x1=\"190\" y1=\"65\" x2=\"190\" y2=\"80\" stroke=\"#8A94A6\" stroke-width=\"1\" stroke-dasharray=\"4 3\"\/><line x1=\"410\" y1=\"65\" x2=\"410\" y2=\"80\" stroke=\"#8A94A6\" stroke-width=\"1\" stroke-dasharray=\"4 3\"\/><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Examples include Arbitrum and Optimism (built on Ethereum) and the Lightning Network (built on Bitcoin). Layer 2s process transactions off the main chain and periodically settle back to Layer 1, reducing fees and increasing throughput.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Arbitrum processes more daily transactions than Ethereum mainnet itself, at roughly 1\/10th the cost.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"layer-1\">Layer 1 (L1)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"rollup\">Rollup<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"gas\">Gas<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"interoperability\">Interoperability<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/how-to-buy\/how-to-buy-arbitrum-arb\/\">\n                    \ud83d\udcd6 How to Buy Arbitrum                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"interoperability\"\n             data-cat=\"blockchain\" \n             data-diff=\"3\" \n             data-letter=\"I\"\n             data-term=\"interoperability\"\n             data-def=\"the ability of different blockchain networks to communicate and share data or assets with each other.\"\n             id=\"term-interoperability\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Advanced\"><\/span>\n                    <span class=\"scg-gl-card-term\">Interoperability<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The ability of different blockchain networks to communicate and share data or assets with each other.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Cross-chain bridges enable interoperability by allowing tokens to move between different blockchains. Projects like Polkadot and Cosmos are specifically designed to facilitate interoperability.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Over $2 billion has been stolen from cross-chain bridges since 2020 \u2014 making them the single largest attack vector in crypto.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"bridge\">Bridge<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"layer-1\">Layer 1 (L1)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"layer-2\">Layer 2 (L2)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"wrapped-token\">Wrapped Token<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/how-to-buy\/how-to-buy-polkadot-dot\/\">\n                    \ud83d\udcd6 How to Buy Polkadot                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"oracle\"\n             data-cat=\"blockchain\" \n             data-diff=\"2\" \n             data-letter=\"O\"\n             data-term=\"oracle\"\n             data-def=\"a service that provides real-world data to smart contracts on a blockchain. blockchains cannot access external data on their own.\"\n             id=\"term-oracle\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Oracle<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A service that provides real-world data to smart contracts on a blockchain. Blockchains cannot access external data on their own.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewBox=\"0 0 600 120\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"20\" y=\"30\" width=\"130\" height=\"60\" rx=\"8\" fill=\"#1C2230\" stroke=\"#8A94A6\" stroke-width=\"2\"\/><text x=\"85\" y=\"55\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"11\" font-weight=\"600\">Real World<\/text><text x=\"85\" y=\"72\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Prices, weather, events<\/text><line x1=\"150\" y1=\"60\" x2=\"220\" y2=\"60\" stroke=\"#FBBF24\" stroke-width=\"2\" marker-end=\"url(#arr4)\"\/><rect x=\"220\" y=\"20\" width=\"160\" height=\"80\" rx=\"12\" fill=\"#1C2230\" stroke=\"#FBBF24\" stroke-width=\"2\"\/><text x=\"300\" y=\"50\" text-anchor=\"middle\" fill=\"#FBBF24\" font-size=\"13\" font-weight=\"700\">Oracle<\/text><text x=\"300\" y=\"68\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Chainlink, Pyth, Band<\/text><text x=\"300\" y=\"82\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Verifies &amp; delivers data<\/text><line x1=\"380\" y1=\"60\" x2=\"450\" y2=\"60\" stroke=\"#4ADE80\" stroke-width=\"2\" marker-end=\"url(#arr5)\"\/><rect x=\"450\" y=\"30\" width=\"130\" height=\"60\" rx=\"8\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"515\" y=\"55\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"11\" font-weight=\"600\">Smart Contract<\/text><text x=\"515\" y=\"72\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Uses data to execute<\/text><defs><marker id=\"arr4\" viewBox=\"0 0 10 10\" refX=\"8\" refY=\"5\" markerWidth=\"6\" markerHeight=\"6\" orient=\"auto\"><path d=\"M 0 0 L 10 5 L 0 10 z\" fill=\"#FBBF24\"\/><\/marker><marker id=\"arr5\" viewBox=\"0 0 10 10\" refX=\"8\" refY=\"5\" markerWidth=\"6\" markerHeight=\"6\" orient=\"auto\"><path d=\"M 0 0 L 10 5 L 0 10 z\" fill=\"#4ADE80\"\/><\/marker><\/defs><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Chainlink is the most widely used oracle network, providing price feeds, weather data, sports results, and other external information to smart contracts. Without oracles, DeFi would be impossible.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Chainlink oracles secure over $75 billion in DeFi value \u2014 a single faulty price feed could cascade into billions in liquidations.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"smart-contract\">Smart Contract<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"defi\">DeFi (Decentralized Finance)<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/how-to-buy\/how-to-buy-chainlink-link\/\">\n                    \ud83d\udcd6 How to Buy Chainlink                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"immutability\"\n             data-cat=\"blockchain\" \n             data-diff=\"1\" \n             data-letter=\"I\"\n             data-term=\"immutability\"\n             data-def=\"the property that once data is recorded on a blockchain, it cannot be altered or deleted.\"\n             id=\"term-immutability\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Immutability<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The property that once data is recorded on a blockchain, it cannot be altered or deleted.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Immutability is one of blockchain&#039;s core value propositions \u2014 it creates a tamper-proof record of all transactions. However, it also means mistakes (like sending crypto to the wrong address) cannot be reversed.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>A man in Wales accidentally threw away a hard drive containing 8,000 BTC (worth over $500M) \u2014 the blockchain records prove he owns them, but they&#039;re buried in a landfill.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"blockchain\">Blockchain<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"transaction-hash\">Transaction Hash (TxHash)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"private-key\">Private Key<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"cryptocurrency-exchange\"\n             data-cat=\"trading\" \n             data-diff=\"1\" \n             data-letter=\"C\"\n             data-term=\"cryptocurrency exchange\"\n             data-def=\"an online platform where you can buy, sell, and trade cryptocurrencies using fiat currency or other digital assets.\"\n             id=\"term-cryptocurrency-exchange\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Cryptocurrency Exchange<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Trading<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An online platform where you can buy, sell, and trade cryptocurrencies using fiat currency or other digital assets.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Exchanges can be centralized (like Binance and Coinbase, where the company holds custody of your assets) or decentralized (like Uniswap, where you trade directly from your wallet). The choice of exchange affects your fees, security, available coins, and user experience.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The largest exchange, Binance, processes over $20 billion in trades per day \u2014 more than many stock exchanges.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"kyc\">KYC (Know Your Customer)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"maker-taker\">Maker \/ Taker<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"order-book\">Order Book<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dex\">DEX (Decentralized Exchange)<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/what-is-a-cryptocurrency-exchange\/\">\n                    \ud83d\udcd6 What Is a Cryptocurrency Exchange?                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"market-order\"\n             data-cat=\"trading\" \n             data-diff=\"1\" \n             data-letter=\"M\"\n             data-term=\"market order\"\n             data-def=\"an order to buy or sell a cryptocurrency immediately at the best available current price.\"\n             id=\"term-market-order\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Market Order<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Trading<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An order to buy or sell a cryptocurrency immediately at the best available current price.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewBox=\"0 0 600 120\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"30\" y=\"15\" width=\"240\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#F87171\" stroke-width=\"2\"\/><text x=\"150\" y=\"40\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"12\" font-weight=\"700\">Market Order<\/text><text x=\"150\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"10\">\"Buy NOW at current price\"<\/text><text x=\"150\" y=\"76\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">\u26a1 Instant \u2022 Higher fee (taker)<\/text><text x=\"150\" y=\"92\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">No price control \u2022 Best for speed<\/text><rect x=\"330\" y=\"15\" width=\"240\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"450\" y=\"40\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"12\" font-weight=\"700\">Limit Order<\/text><text x=\"450\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"10\">\"Buy at $X or better\"<\/text><text x=\"450\" y=\"76\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">\u23f3 Waits for price \u2022 Lower fee (maker)<\/text><text x=\"450\" y=\"92\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Full price control \u2022 May not fill<\/text><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Market orders execute instantly but you have no control over the exact price \u2014 you get whatever the market is offering at that moment. On highly liquid pairs like BTC\/USDT, slippage is usually negligible. On low-liquidity pairs, slippage can be significant.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Over 70% of trades on centralized exchanges are market orders \u2014 most people prefer speed over price precision.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"limit-order\">Limit Order<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"maker-taker\">Maker \/ Taker<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"slippage\">Slippage<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"order-book\">Order Book<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"limit-order\"\n             data-cat=\"trading\" \n             data-diff=\"1\" \n             data-letter=\"L\"\n             data-term=\"limit order\"\n             data-def=\"an order to buy or sell a cryptocurrency at a specific price or better. it only executes when the market reaches your target price.\"\n             id=\"term-limit-order\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Limit Order<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Trading<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An order to buy or sell a cryptocurrency at a specific price or better. It only executes when the market reaches your target price.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewBox=\"0 0 600 120\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"30\" y=\"15\" width=\"240\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#F87171\" stroke-width=\"2\"\/><text x=\"150\" y=\"40\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"12\" font-weight=\"700\">Market Order<\/text><text x=\"150\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"10\">\"Buy NOW at current price\"<\/text><text x=\"150\" y=\"76\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">\u26a1 Instant \u2022 Higher fee (taker)<\/text><text x=\"150\" y=\"92\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">No price control \u2022 Best for speed<\/text><rect x=\"330\" y=\"15\" width=\"240\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"450\" y=\"40\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"12\" font-weight=\"700\">Limit Order<\/text><text x=\"450\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"10\">\"Buy at $X or better\"<\/text><text x=\"450\" y=\"76\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">\u23f3 Waits for price \u2022 Lower fee (maker)<\/text><text x=\"450\" y=\"92\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Full price control \u2022 May not fill<\/text><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Limit orders give you more control over your entry price but may never execute if the market doesn&#039;t reach your target. They typically have lower fees than market orders (maker fees vs. taker fees). Learning to use limit orders is one of the easiest ways to reduce trading costs.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>On MEXC, limit orders have 0% fees \u2014 making them completely free. This alone can save hundreds per year for active traders.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"market-order\">Market Order<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"maker-taker\">Maker \/ Taker<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"spread\">Spread<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"maker-taker\"\n             data-cat=\"trading\" \n             data-diff=\"1\" \n             data-letter=\"M\"\n             data-term=\"maker \/ taker\"\n             data-def=\"makers add liquidity to the order book (limit orders); takers remove liquidity (market orders). maker fees are typically lower.\"\n             id=\"term-maker-taker\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Maker \/ Taker<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Trading<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Makers add liquidity to the order book (limit orders); takers remove liquidity (market orders). Maker fees are typically lower.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewBox=\"0 0 600 130\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"170\" y=\"10\" width=\"260\" height=\"40\" rx=\"6\" fill=\"#222938\" stroke=\"#353E50\" stroke-width=\"1\"\/><text x=\"300\" y=\"35\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"11\" font-weight=\"600\">\ud83d\udcd6 Order Book<\/text><rect x=\"30\" y=\"70\" width=\"170\" height=\"50\" rx=\"8\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"115\" y=\"90\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"11\" font-weight=\"700\">Maker (limit order)<\/text><text x=\"115\" y=\"106\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Adds liquidity \u2192 Lower fee<\/text><line x1=\"115\" y1=\"68\" x2=\"250\" y2=\"50\" stroke=\"#4ADE80\" stroke-width=\"1.5\" stroke-dasharray=\"4 3\"\/><rect x=\"400\" y=\"70\" width=\"170\" height=\"50\" rx=\"8\" fill=\"#1C2230\" stroke=\"#38BDF8\" stroke-width=\"2\"\/><text x=\"485\" y=\"90\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"11\" font-weight=\"700\">Taker (market order)<\/text><text x=\"485\" y=\"106\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Takes liquidity \u2192 Higher fee<\/text><line x1=\"485\" y1=\"68\" x2=\"350\" y2=\"50\" stroke=\"#38BDF8\" stroke-width=\"1.5\" stroke-dasharray=\"4 3\"\/><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>When you place a limit order that doesn&#039;t execute immediately, you&#039;re a maker \u2014 adding an order to the book for others to fill. When you place a market order that executes instantly, you&#039;re a taker \u2014 taking an existing order from the book.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The maker-taker model was invented by electronic exchanges in the 1990s \u2014 crypto adopted it from traditional finance.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"market-order\">Market Order<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"limit-order\">Limit Order<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"spread\">Spread<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"liquidity\">Liquidity<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"spread\"\n             data-cat=\"trading\" \n             data-diff=\"2\" \n             data-letter=\"S\"\n             data-term=\"spread\"\n             data-def=\"the difference between the highest price a buyer is willing to pay (bid) and the lowest price a seller is willing to accept (ask).\"\n             id=\"term-spread\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Spread<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Trading<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The difference between the highest price a buyer is willing to pay (bid) and the lowest price a seller is willing to accept (ask).<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>A tighter spread means higher liquidity and lower trading costs. Major pairs like BTC\/USDT on large exchanges have very tight spreads. Less liquid pairs or smaller exchanges may have wider spreads, effectively increasing your cost.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Bitcoin&#039;s spread on Binance is often less than $0.01 \u2014 on some small exchanges, it can exceed $100.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"liquidity\">Liquidity<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"order-book\">Order Book<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"maker-taker\">Maker \/ Taker<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"slippage\">Slippage<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"liquidity\"\n             data-cat=\"trading\" \n             data-diff=\"2\" \n             data-letter=\"L\"\n             data-term=\"liquidity\"\n             data-def=\"how easily an asset can be bought or sold without significantly affecting its price. high liquidity means large trades can be executed with minimal price impact.\"\n             id=\"term-liquidity\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Liquidity<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Trading<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">How easily an asset can be bought or sold without significantly affecting its price. High liquidity means large trades can be executed with minimal price impact.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Bitcoin and Ethereum have the highest liquidity in crypto \u2014 you can buy or sell millions of dollars worth without moving the price much. Small-cap altcoins often have low liquidity, meaning even modest trades can cause large price swings.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Bitcoin&#039;s daily trading volume regularly exceeds $30 billion \u2014 more liquid than most individual stocks on the NYSE.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"spread\">Spread<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"volume\">Volume<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"order-book\">Order Book<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"liquidity-pool\">Liquidity Pool<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"order-book\"\n             data-cat=\"trading\" \n             data-diff=\"2\" \n             data-letter=\"O\"\n             data-term=\"order book\"\n             data-def=\"a real-time list of all open buy and sell orders for a particular trading pair on an exchange, organized by price.\"\n             id=\"term-order-book\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Order Book<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Trading<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A real-time list of all open buy and sell orders for a particular trading pair on an exchange, organized by price.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>The order book shows market depth \u2014 how many orders exist at each price level. A deep order book indicates high liquidity. Traders use order books to gauge supply and demand and identify support and resistance levels.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Some high-frequency traders place and cancel thousands of orders per second to probe the order book for information.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"spread\">Spread<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"liquidity\">Liquidity<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"market-order\">Market Order<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"limit-order\">Limit Order<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"trading-pair\"\n             data-cat=\"trading\" \n             data-diff=\"1\" \n             data-letter=\"T\"\n             data-term=\"trading pair\"\n             data-def=\"two assets that can be traded against each other on an exchange, such as btc\/usdt or eth\/btc.\"\n             id=\"term-trading-pair\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Trading Pair<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Trading<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Two assets that can be traded against each other on an exchange, such as BTC\/USDT or ETH\/BTC.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>The first asset in the pair (base currency) is what you&#039;re buying or selling. The second (quote currency) is what you&#039;re paying with or receiving. Not all exchanges support all trading pairs.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>BTC\/USDT is the most traded pair in all of crypto, with more daily volume than most country&#039;s entire stock markets.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"cryptocurrency-exchange\">Cryptocurrency Exchange<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"liquidity\">Liquidity<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"spread\">Spread<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"kyc\"\n             data-cat=\"trading\" \n             data-diff=\"1\" \n             data-letter=\"K\"\n             data-term=\"kyc (know your customer)\"\n             data-def=\"identity verification required by most regulated exchanges before you can trade. typically involves uploading a government-issued id.\"\n             id=\"term-kyc\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">KYC (Know Your Customer)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Trading<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Identity verification required by most regulated exchanges before you can trade. Typically involves uploading a government-issued ID.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>KYC is a regulatory requirement designed to prevent money laundering, fraud, and terrorist financing. Most reputable exchanges require it before you can deposit fiat currency or withdraw funds.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The average KYC verification now takes under 5 minutes with AI-powered document scanning \u2014 it used to take days.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"aml\">AML (Anti-Money Laundering)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"cryptocurrency-exchange\">Cryptocurrency Exchange<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"aml\"\n             data-cat=\"trading\" \n             data-diff=\"2\" \n             data-letter=\"A\"\n             data-term=\"aml (anti-money laundering)\"\n             data-def=\"laws and regulations designed to prevent the conversion of illegally obtained money into legitimate assets. exchanges must comply with aml requirements.\"\n             id=\"term-aml\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">AML (Anti-Money Laundering)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Trading<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Laws and regulations designed to prevent the conversion of illegally obtained money into legitimate assets. Exchanges must comply with AML requirements.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>AML regulations require exchanges to monitor transactions for suspicious activity, report large or unusual transfers, and maintain records. These regulations vary by jurisdiction but are increasingly standardized globally.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Crypto exchanges reported over $30 billion in suspicious transactions to regulators in 2024 alone.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"kyc\">KYC (Know Your Customer)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"sec\">SEC (Securities and Exchange Commission)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"travel-rule\">Travel Rule<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"slippage\"\n             data-cat=\"trading\" \n             data-diff=\"2\" \n             data-letter=\"S\"\n             data-term=\"slippage\"\n             data-def=\"the difference between the expected price of a trade and the actual price at which it executes.\"\n             id=\"term-slippage\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Slippage<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Trading<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The difference between the expected price of a trade and the actual price at which it executes.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Slippage occurs most often with market orders on low-liquidity pairs. Setting a slippage tolerance (common in DEX trading) limits how much price movement you&#039;ll accept before the trade fails.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>During flash crashes, slippage on DEXs has exceeded 50% \u2014 traders expecting to buy at one price received half as much.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"market-order\">Market Order<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"liquidity\">Liquidity<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dex\">DEX (Decentralized Exchange)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"volume\"\n             data-cat=\"trading\" \n             data-diff=\"1\" \n             data-letter=\"V\"\n             data-term=\"volume\"\n             data-def=\"the total amount of a cryptocurrency traded within a specific time period, usually measured in 24 hours.\"\n             id=\"term-volume\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Volume<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Trading<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The total amount of a cryptocurrency traded within a specific time period, usually measured in 24 hours.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>High volume indicates active trading interest and typically correlates with higher liquidity and tighter spreads. Volume spikes often accompany significant price movements.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>On the day Bitcoin first hit $100,000, trading volume across all exchanges exceeded $90 billion in 24 hours.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"liquidity\">Liquidity<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"market-capitalization\">Market Capitalization<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"market-capitalization\"\n             data-cat=\"trading\" \n             data-diff=\"1\" \n             data-letter=\"M\"\n             data-term=\"market capitalization\"\n             data-def=\"the total value of a cryptocurrency, calculated by multiplying the current price by the total circulating supply.\"\n             id=\"term-market-capitalization\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Market Capitalization<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Trading<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The total value of a cryptocurrency, calculated by multiplying the current price by the total circulating supply.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Market cap is the most common way to rank cryptocurrencies by size. It is categorized as large-cap (&gt;$10B), mid-cap ($1-10B), and small-cap (&lt;$1B). Smaller market caps generally mean higher volatility and risk.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Bitcoin&#039;s market cap briefly exceeded $2 trillion in 2024, placing it among the top 10 most valuable assets on Earth.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"volume\">Volume<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"tokenomics\">Tokenomics<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"all-time-high\">All-Time High (ATH)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"all-time-high\"\n             data-cat=\"trading\" \n             data-diff=\"1\" \n             data-letter=\"A\"\n             data-term=\"all-time high (ath)\"\n             data-def=\"the highest price a cryptocurrency has ever reached.\"\n             id=\"term-all-time-high\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">All-Time High (ATH)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Trading<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The highest price a cryptocurrency has ever reached.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>ATH is often used as a psychological reference point. Many altcoins from previous bull markets have never recovered to their ATH \u2014 a reminder that past highs are not guaranteed to be revisited.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Over 95% of all altcoins that existed during the 2017 bull market never returned to their ATH.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"bear-market\">Bear Market<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"bull-market\">Bull Market<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"market-capitalization\">Market Capitalization<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"bear-market\"\n             data-cat=\"trading\" \n             data-diff=\"1\" \n             data-letter=\"B\"\n             data-term=\"bear market\"\n             data-def=\"a prolonged period of declining prices, typically defined as a 20%+ decline from recent highs.\"\n             id=\"term-bear-market\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Bear Market<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Trading<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A prolonged period of declining prices, typically defined as a 20%+ decline from recent highs.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewBox=\"0 0 600 120\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M 30 90 Q 100 90, 150 60 Q 200 20, 250 30 Q 300 40, 330 80 Q 360 100, 400 95 Q 440 90, 480 50 Q 520 10, 560 20\" fill=\"none\" stroke=\"#4ADE80\" stroke-width=\"2.5\"\/><text x=\"180\" y=\"18\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"9\" font-weight=\"600\">Bull Market \ud83d\udcc8<\/text><text x=\"380\" y=\"108\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"9\" font-weight=\"600\">Bear Market \ud83d\udcc9<\/text><text x=\"530\" y=\"15\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"9\" font-weight=\"600\">Recovery \ud83d\udcc8<\/text><line x1=\"250\" y1=\"30\" x2=\"250\" y2=\"35\" stroke=\"#FBBF24\" stroke-width=\"1\"\/><text x=\"250\" y=\"50\" text-anchor=\"middle\" fill=\"#FBBF24\" font-size=\"7\">ATH<\/text><line x1=\"400\" y1=\"95\" x2=\"400\" y2=\"85\" stroke=\"#38BDF8\" stroke-width=\"1\"\/><text x=\"400\" y=\"80\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"7\">Bottom<\/text><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>The most recent crypto bear market ran from late 2021 through 2022, with Bitcoin falling from ~$69,000 to ~$16,000. Bear markets can last months or years and are a normal part of market cycles.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Bitcoin has experienced 4 major bear markets \u2014 each time falling 70-85% \u2014 and each time recovering to new all-time highs.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"bull-market\">Bull Market<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"volatility\">Volatility<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dollar-cost-averaging\">Dollar-Cost Averaging (DCA)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"fomo\">FOMO<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"bull-market\"\n             data-cat=\"trading\" \n             data-diff=\"1\" \n             data-letter=\"B\"\n             data-term=\"bull market\"\n             data-def=\"a prolonged period of rising prices, characterized by optimism, investor confidence, and increasing demand.\"\n             id=\"term-bull-market\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Bull Market<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Trading<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A prolonged period of rising prices, characterized by optimism, investor confidence, and increasing demand.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewBox=\"0 0 600 120\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M 30 90 Q 100 90, 150 60 Q 200 20, 250 30 Q 300 40, 330 80 Q 360 100, 400 95 Q 440 90, 480 50 Q 520 10, 560 20\" fill=\"none\" stroke=\"#4ADE80\" stroke-width=\"2.5\"\/><text x=\"180\" y=\"18\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"9\" font-weight=\"600\">Bull Market \ud83d\udcc8<\/text><text x=\"380\" y=\"108\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"9\" font-weight=\"600\">Bear Market \ud83d\udcc9<\/text><text x=\"530\" y=\"15\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"9\" font-weight=\"600\">Recovery \ud83d\udcc8<\/text><line x1=\"250\" y1=\"30\" x2=\"250\" y2=\"35\" stroke=\"#FBBF24\" stroke-width=\"1\"\/><text x=\"250\" y=\"50\" text-anchor=\"middle\" fill=\"#FBBF24\" font-size=\"7\">ATH<\/text><line x1=\"400\" y1=\"95\" x2=\"400\" y2=\"85\" stroke=\"#38BDF8\" stroke-width=\"1\"\/><text x=\"400\" y=\"80\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"7\">Bottom<\/text><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Crypto bull markets have historically been triggered by Bitcoin halving events, which occur roughly every four years. Bull markets often end with a period of euphoria and overvaluation before correcting.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The 2020-2021 bull market saw Bitcoin rise 1,200% in 18 months \u2014 from ~$5,000 to ~$69,000.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"bear-market\">Bear Market<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"halving\">Halving<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"fomo\">FOMO<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"volatility\">Volatility<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"volatility\"\n             data-cat=\"trading\" \n             data-diff=\"1\" \n             data-letter=\"V\"\n             data-term=\"volatility\"\n             data-def=\"the degree to which a cryptocurrency&#039;s price fluctuates over time. high volatility means large price swings in short periods.\"\n             id=\"term-volatility\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Volatility<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Trading<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The degree to which a cryptocurrency&#039;s price fluctuates over time. High volatility means large price swings in short periods.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Bitcoin regularly experiences 5-10% daily moves, and altcoins can move 20-50% in a single day. This volatility creates both opportunity and risk.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Bitcoin is approximately 5x more volatile than the S&amp;P 500, and small-cap altcoins can be 20x more volatile.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"bear-market\">Bear Market<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"bull-market\">Bull Market<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dollar-cost-averaging\">Dollar-Cost Averaging (DCA)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"fomo\"\n             data-cat=\"trading\" \n             data-diff=\"1\" \n             data-letter=\"F\"\n             data-term=\"fomo\"\n             data-def=\"fear of missing out \u2014 the anxiety that others are profiting from an opportunity you&#039;re not participating in, leading to impulsive buying.\"\n             id=\"term-fomo\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">FOMO<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Trading<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Fear Of Missing Out \u2014 the anxiety that others are profiting from an opportunity you&#039;re not participating in, leading to impulsive buying.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>FOMO is one of the biggest drivers of poor investment decisions in crypto. It typically peaks near the top of a rally. The antidote is having a pre-defined investment plan.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Google searches for &quot;buy Bitcoin&quot; consistently peak at local price highs \u2014 when FOMO is strongest and buying is riskiest.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"fud\">FUD<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dollar-cost-averaging\">Dollar-Cost Averaging (DCA)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"bull-market\">Bull Market<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"aping-in\">Aping In<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"fud\"\n             data-cat=\"trading\" \n             data-diff=\"1\" \n             data-letter=\"F\"\n             data-term=\"fud\"\n             data-def=\"fear, uncertainty, and doubt \u2014 negative information spread to cause fear and drive prices down, sometimes deliberately.\"\n             id=\"term-fud\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">FUD<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Trading<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Fear, Uncertainty, and Doubt \u2014 negative information spread to cause fear and drive prices down, sometimes deliberately.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>FUD can be legitimate concerns or manufactured misinformation. Learning to distinguish between genuine risk and manufactured FUD is a critical skill for crypto investors.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>China has &quot;banned Bitcoin&quot; at least 18 different times according to media headlines \u2014 a running joke about recycled FUD.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"fomo\">FOMO<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"bear-market\">Bear Market<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"volatility\">Volatility<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"dollar-cost-averaging\"\n             data-cat=\"trading\" \n             data-diff=\"1\" \n             data-letter=\"D\"\n             data-term=\"dollar-cost averaging (dca)\"\n             data-def=\"an investment strategy where you invest a fixed amount at regular intervals regardless of price, reducing the impact of volatility.\"\n             id=\"term-dollar-cost-averaging\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Dollar-Cost Averaging (DCA)<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Trading<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An investment strategy where you invest a fixed amount at regular intervals regardless of price, reducing the impact of volatility.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewBox=\"0 0 600 120\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M 40 80 Q 100 30, 160 50 Q 220 70, 280 40 Q 340 10, 400 60 Q 460 90, 520 35\" fill=\"none\" stroke=\"#8A94A6\" stroke-width=\"1.5\" stroke-dasharray=\"4 3\"\/><text x=\"530\" y=\"40\" fill=\"#8A94A6\" font-size=\"8\">Price<\/text><line x1=\"100\" y1=\"20\" x2=\"100\" y2=\"100\" stroke=\"#4ADE80\" stroke-width=\"1.5\" opacity=\"0.6\"\/><circle cx=\"100\" cy=\"45\" r=\"4\" fill=\"#4ADE80\"\/><text x=\"100\" y=\"112\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"7\">$100<\/text><line x1=\"200\" y1=\"20\" x2=\"200\" y2=\"100\" stroke=\"#4ADE80\" stroke-width=\"1.5\" opacity=\"0.6\"\/><circle cx=\"200\" cy=\"58\" r=\"4\" fill=\"#4ADE80\"\/><text x=\"200\" y=\"112\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"7\">$100<\/text><line x1=\"300\" y1=\"20\" x2=\"300\" y2=\"100\" stroke=\"#4ADE80\" stroke-width=\"1.5\" opacity=\"0.6\"\/><circle cx=\"300\" cy=\"35\" r=\"4\" fill=\"#4ADE80\"\/><text x=\"300\" y=\"112\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"7\">$100<\/text><line x1=\"400\" y1=\"20\" x2=\"400\" y2=\"100\" stroke=\"#4ADE80\" stroke-width=\"1.5\" opacity=\"0.6\"\/><circle cx=\"400\" cy=\"60\" r=\"4\" fill=\"#4ADE80\"\/><text x=\"400\" y=\"112\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"7\">$100<\/text><line x1=\"500\" y1=\"20\" x2=\"500\" y2=\"100\" stroke=\"#4ADE80\" stroke-width=\"1.5\" opacity=\"0.6\"\/><circle cx=\"500\" cy=\"38\" r=\"4\" fill=\"#4ADE80\"\/><text x=\"500\" y=\"112\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"7\">$100<\/text><text x=\"300\" y=\"10\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"9\" font-weight=\"600\">Same amount every week \u2014 buy more when cheap, less when expensive<\/text><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Instead of trying to time the market, DCA investors buy a fixed amount whether the price is high or low. Over time, this smooths out your average entry price. It&#039;s widely considered the most sensible approach for most investors.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Someone who DCA&#039;d $100\/week into Bitcoin since 2017 would have turned $36,400 into over $150,000 \u2014 despite buying through two bear markets.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"volatility\">Volatility<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"bear-market\">Bear Market<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"bull-market\">Bull Market<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"fomo\">FOMO<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"defi\"\n             data-cat=\"defi\" \n             data-diff=\"2\" \n             data-letter=\"D\"\n             data-term=\"defi (decentralized finance)\"\n             data-def=\"financial services built on blockchain technology that operate without traditional intermediaries like banks or brokerages.\"\n             id=\"term-defi\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">DeFi (Decentralized Finance)<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">DeFi<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Financial services built on blockchain technology that operate without traditional intermediaries like banks or brokerages.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewBox=\"0 0 600 130\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"100\" y=\"85\" width=\"400\" height=\"35\" rx=\"6\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"300\" y=\"107\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"10\" font-weight=\"600\">Layer 1: Ethereum \/ Solana \/ Base<\/text><rect x=\"130\" y=\"45\" width=\"150\" height=\"35\" rx=\"6\" fill=\"#1C2230\" stroke=\"#38BDF8\" stroke-width=\"2\"\/><text x=\"205\" y=\"67\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"10\" font-weight=\"600\">Lending (Aave)<\/text><rect x=\"320\" y=\"45\" width=\"150\" height=\"35\" rx=\"6\" fill=\"#1C2230\" stroke=\"#FF007A\" stroke-width=\"2\"\/><text x=\"395\" y=\"67\" text-anchor=\"middle\" fill=\"#FF007A\" font-size=\"10\" font-weight=\"600\">Trading (Uniswap)<\/text><rect x=\"180\" y=\"5\" width=\"240\" height=\"35\" rx=\"6\" fill=\"#1C2230\" stroke=\"#FBBF24\" stroke-width=\"2\"\/><text x=\"300\" y=\"27\" text-anchor=\"middle\" fill=\"#FBBF24\" font-size=\"10\" font-weight=\"600\">Yield Aggregators \/ DAOs \/ Wallets<\/text><line x1=\"205\" y1=\"80\" x2=\"205\" y2=\"85\" stroke=\"#8A94A6\" stroke-width=\"1\" stroke-dasharray=\"3 2\"\/><line x1=\"395\" y1=\"80\" x2=\"395\" y2=\"85\" stroke=\"#8A94A6\" stroke-width=\"1\" stroke-dasharray=\"3 2\"\/><line x1=\"300\" y1=\"40\" x2=\"300\" y2=\"45\" stroke=\"#8A94A6\" stroke-width=\"1\" stroke-dasharray=\"3 2\"\/><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>DeFi enables lending, borrowing, trading, insurance, and yield generation through smart contracts rather than centralized institutions. Key DeFi platforms include Aave (lending), Uniswap (trading), and MakerDAO (stablecoin generation).<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The total value locked in DeFi has exceeded $200 billion \u2014 more than the GDP of many countries.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"smart-contract\">Smart Contract<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dex\">DEX (Decentralized Exchange)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"liquidity-pool\">Liquidity Pool<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"tvl\">TVL (Total Value Locked)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"dex\"\n             data-cat=\"defi\" \n             data-diff=\"2\" \n             data-letter=\"D\"\n             data-term=\"dex (decentralized exchange)\"\n             data-def=\"a cryptocurrency exchange that operates without a central authority, allowing peer-to-peer trading directly from user wallets.\"\n             id=\"term-dex\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">DEX (Decentralized Exchange)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">DeFi<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A cryptocurrency exchange that operates without a central authority, allowing peer-to-peer trading directly from user wallets.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Unlike centralized exchanges, DEXs like Uniswap never hold custody of your funds. You connect your wallet, approve the trade, and the smart contract executes the swap. DEXs offer more privacy and token variety but typically have less liquidity.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Uniswap has processed over $2 trillion in cumulative trading volume \u2014 with zero employees handling trades.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"amm\">AMM (Automated Market Maker)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"liquidity-pool\">Liquidity Pool<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"slippage\">Slippage<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"cryptocurrency-exchange\">Cryptocurrency Exchange<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/how-to-buy\/how-to-buy-uniswap-uni\/\">\n                    \ud83d\udcd6 How to Buy Uniswap                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"liquidity-pool\"\n             data-cat=\"defi\" \n             data-diff=\"2\" \n             data-letter=\"L\"\n             data-term=\"liquidity pool\"\n             data-def=\"a collection of funds locked in a smart contract that provides liquidity for trading on a decentralized exchange.\"\n             id=\"term-liquidity-pool\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Liquidity Pool<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">DeFi<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A collection of funds locked in a smart contract that provides liquidity for trading on a decentralized exchange.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewBox=\"0 0 600 130\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"180\" y=\"10\" width=\"240\" height=\"80\" rx=\"16\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"300\" y=\"35\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"12\" font-weight=\"700\">Liquidity Pool<\/text><text x=\"240\" y=\"60\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"11\" font-weight=\"600\">500 ETH<\/text><text x=\"300\" y=\"60\" text-anchor=\"middle\" fill=\"#5A6478\" font-size=\"11\">+<\/text><text x=\"360\" y=\"60\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"11\" font-weight=\"600\">$1M USDC<\/text><text x=\"300\" y=\"78\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">Price set by ratio (x \u00d7 y = k)<\/text><rect x=\"20\" y=\"40\" width=\"120\" height=\"45\" rx=\"8\" fill=\"#1C2230\" stroke=\"#38BDF8\" stroke-width=\"1.5\"\/><text x=\"80\" y=\"58\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"9\" font-weight=\"600\">LP Provider<\/text><text x=\"80\" y=\"72\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">Earns fees \ud83d\udcb0<\/text><line x1=\"140\" y1=\"62\" x2=\"180\" y2=\"50\" stroke=\"#38BDF8\" stroke-width=\"1\" stroke-dasharray=\"3 3\"\/><rect x=\"460\" y=\"40\" width=\"120\" height=\"45\" rx=\"8\" fill=\"#1C2230\" stroke=\"#FBBF24\" stroke-width=\"1.5\"\/><text x=\"520\" y=\"58\" text-anchor=\"middle\" fill=\"#FBBF24\" font-size=\"9\" font-weight=\"600\">Trader<\/text><text x=\"520\" y=\"72\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">Swaps tokens \u2194<\/text><line x1=\"460\" y1=\"62\" x2=\"420\" y2=\"50\" stroke=\"#FBBF24\" stroke-width=\"1\" stroke-dasharray=\"3 3\"\/><text x=\"300\" y=\"120\" text-anchor=\"middle\" fill=\"#5A6478\" font-size=\"8\">Traders swap against the pool \u2022 LPs earn a share of every trade<\/text><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Instead of an order book, DEXs use liquidity pools where users deposit pairs of tokens. Traders swap against the pool, and the price adjusts algorithmically. Liquidity providers earn a share of trading fees as a reward.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The largest liquidity pool on Uniswap (ETH\/USDC) holds over $500 million in deposited tokens.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dex\">DEX (Decentralized Exchange)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"amm\">AMM (Automated Market Maker)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"impermanent-loss\">Impermanent Loss<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"yield-farming\">Yield Farming<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"yield-farming\"\n             data-cat=\"defi\" \n             data-diff=\"3\" \n             data-letter=\"Y\"\n             data-term=\"yield farming\"\n             data-def=\"the practice of moving crypto assets between different defi protocols to maximize returns from lending, staking, and liquidity provision.\"\n             id=\"term-yield-farming\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Advanced\"><\/span>\n                    <span class=\"scg-gl-card-term\">Yield Farming<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">DeFi<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The practice of moving crypto assets between different DeFi protocols to maximize returns from lending, staking, and liquidity provision.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Yield farmers chase the highest APY across multiple platforms. While potentially lucrative, yield farming carries significant risks: smart contract bugs, impermanent loss, and token devaluation.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>During DeFi Summer 2020, some yield farms offered 10,000%+ APY \u2014 almost all of which collapsed within weeks.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"apy-apr\">APY \/ APR<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"liquidity-pool\">Liquidity Pool<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"impermanent-loss\">Impermanent Loss<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"defi\">DeFi (Decentralized Finance)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"impermanent-loss\"\n             data-cat=\"defi\" \n             data-diff=\"3\" \n             data-letter=\"I\"\n             data-term=\"impermanent loss\"\n             data-def=\"the temporary loss experienced by liquidity providers when the price ratio of their deposited tokens changes compared to simply holding them.\"\n             id=\"term-impermanent-loss\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Advanced\"><\/span>\n                    <span class=\"scg-gl-card-term\">Impermanent Loss<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">DeFi<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The temporary loss experienced by liquidity providers when the price ratio of their deposited tokens changes compared to simply holding them.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewBox=\"0 0 600 120\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"20\" y=\"10\" width=\"260\" height=\"100\" rx=\"10\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"150\" y=\"30\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"10\" font-weight=\"700\">Just HODL<\/text><text x=\"150\" y=\"52\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"10\">1 ETH ($2,000) + $2,000 USDC<\/text><text x=\"150\" y=\"70\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">ETH doubles to $4,000 \u2192<\/text><text x=\"150\" y=\"88\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"11\" font-weight=\"700\">Total: $6,000<\/text><rect x=\"320\" y=\"10\" width=\"260\" height=\"100\" rx=\"10\" fill=\"#1C2230\" stroke=\"#F87171\" stroke-width=\"2\"\/><text x=\"450\" y=\"30\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"10\" font-weight=\"700\">Provide Liquidity<\/text><text x=\"450\" y=\"52\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"10\">Pool rebalances as ETH rises<\/text><text x=\"450\" y=\"70\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">You get ~0.7 ETH + ~$2,800 USDC<\/text><text x=\"450\" y=\"88\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"11\" font-weight=\"700\">Total: ~$5,657 (\u2212$343)<\/text><text x=\"300\" y=\"118\" text-anchor=\"middle\" fill=\"#FBBF24\" font-size=\"9\" font-weight=\"600\">The $343 difference = Impermanent Loss<\/text><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>If you deposit ETH and USDC into a pool and ETH doubles, you&#039;d have been better off just holding. The &quot;loss&quot; is impermanent because it reverses if prices return to the original ratio. If you withdraw while the ratio has changed, it becomes permanent.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Studies show the average Uniswap v3 liquidity provider actually loses money after accounting for impermanent loss.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"liquidity-pool\">Liquidity Pool<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"amm\">AMM (Automated Market Maker)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dex\">DEX (Decentralized Exchange)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"tvl\"\n             data-cat=\"defi\" \n             data-diff=\"2\" \n             data-letter=\"T\"\n             data-term=\"tvl (total value locked)\"\n             data-def=\"the total amount of crypto assets deposited in a defi protocol, used as a measure of the protocol&#039;s size and adoption.\"\n             id=\"term-tvl\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">TVL (Total Value Locked)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">DeFi<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The total amount of crypto assets deposited in a DeFi protocol, used as a measure of the protocol&#039;s size and adoption.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>TVL is the most common metric for comparing DeFi protocols. A higher TVL generally indicates more trust and usage. DeFiLlama is the most widely used tool for tracking TVL.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Lido, a liquid staking protocol, holds the highest TVL of any DeFi protocol at over $30 billion.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"defi\">DeFi (Decentralized Finance)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"liquidity-pool\">Liquidity Pool<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"staking\">Staking<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"apy-apr\"\n             data-cat=\"defi\" \n             data-diff=\"2\" \n             data-letter=\"A\"\n             data-term=\"apy \/ apr\"\n             data-def=\"apr (annual percentage rate) is the simple interest rate. apy (annual percentage yield) includes compound interest, making it always higher.\"\n             id=\"term-apy-apr\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">APY \/ APR<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">DeFi<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">APR (Annual Percentage Rate) is the simple interest rate. APY (Annual Percentage Yield) includes compound interest, making it always higher.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>A 10% APR means you earn 10% per year. APY includes compounding, so it&#039;s slightly more. In DeFi, advertised rates can fluctuate dramatically \u2014 a 100% APY today may drop to 10% next week.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The highest sustainable APY in major DeFi protocols is typically 3-8%. Anything above 20% should be viewed with extreme skepticism.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"yield-farming\">Yield Farming<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"staking\">Staking<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"defi\">DeFi (Decentralized Finance)<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/what-is-annualized-percentage-yield-apy-in-crypto\/\">\n                    \ud83d\udcd6 Understanding APY in Crypto                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"flash-loan\"\n             data-cat=\"defi\" \n             data-diff=\"3\" \n             data-letter=\"F\"\n             data-term=\"flash loan\"\n             data-def=\"an uncollateralized loan that must be borrowed and repaid within a single blockchain transaction. if not repaid, the entire transaction reverts.\"\n             id=\"term-flash-loan\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Advanced\"><\/span>\n                    <span class=\"scg-gl-card-term\">Flash Loan<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">DeFi<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An uncollateralized loan that must be borrowed and repaid within a single blockchain transaction. If not repaid, the entire transaction reverts.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Flash loans are unique to DeFi. They&#039;re used for arbitrage, collateral swaps, and liquidations \u2014 but also exploited in attacks where millions are borrowed, used to manipulate prices, and repaid in one transaction.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The largest flash loan ever taken was $200 million \u2014 borrowed and repaid within a single Ethereum block (~12 seconds).<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"defi\">DeFi (Decentralized Finance)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"smart-contract\">Smart Contract<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"liquidation\">Liquidation<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"dao\"\n             data-cat=\"defi\" \n             data-diff=\"2\" \n             data-letter=\"D\"\n             data-term=\"dao (decentralized autonomous organization)\"\n             data-def=\"an organization governed by smart contracts and token-holder voting rather than a traditional management structure.\"\n             id=\"term-dao\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">DAO (Decentralized Autonomous Organization)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">DeFi<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An organization governed by smart contracts and token-holder voting rather than a traditional management structure.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>DAO members vote on proposals using governance tokens. Major DAOs include MakerDAO, Uniswap DAO, and Aave DAO. While theoretically democratic, DAOs face challenges with voter participation and large holders dominating votes.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The largest DAO treasury (Uniswap) holds over $3 billion in assets \u2014 governed entirely by token holders.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"governance-token\">Governance Token<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"smart-contract\">Smart Contract<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"defi\">DeFi (Decentralized Finance)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"governance-token\"\n             data-cat=\"defi\" \n             data-diff=\"2\" \n             data-letter=\"G\"\n             data-term=\"governance token\"\n             data-def=\"a cryptocurrency that gives holders voting rights on the development and management decisions of a defi protocol.\"\n             id=\"term-governance-token\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Governance Token<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">DeFi<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A cryptocurrency that gives holders voting rights on the development and management decisions of a DeFi protocol.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Examples include UNI (Uniswap), AAVE (Aave), and MKR (Maker). Governance tokens let holders vote on fee changes, protocol upgrades, and treasury spending.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Voter participation in most DAOs is below 10% \u2014 meaning a small group of large holders typically controls protocol decisions.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dao\">DAO (Decentralized Autonomous Organization)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"defi\">DeFi (Decentralized Finance)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"tokenomics\">Tokenomics<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"lending-protocol\"\n             data-cat=\"defi\" \n             data-diff=\"2\" \n             data-letter=\"L\"\n             data-term=\"lending protocol\"\n             data-def=\"a defi platform that allows users to lend their crypto and earn interest, or borrow against their holdings.\"\n             id=\"term-lending-protocol\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Lending Protocol<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">DeFi<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A DeFi platform that allows users to lend their crypto and earn interest, or borrow against their holdings.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Aave and Compound are the largest. Lenders earn variable interest. Borrowers must over-collateralize (typically 150%+) and face liquidation if collateral value drops.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Aave has facilitated over $100 billion in cumulative loans \u2014 all without a single human loan officer.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"collateral\">Collateral<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"liquidation\">Liquidation<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"apy-apr\">APY \/ APR<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"defi\">DeFi (Decentralized Finance)<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/how-to-buy\/how-to-buy-aave-aave\/\">\n                    \ud83d\udcd6 How to Buy Aave                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"amm\"\n             data-cat=\"defi\" \n             data-diff=\"3\" \n             data-letter=\"A\"\n             data-term=\"amm (automated market maker)\"\n             data-def=\"an algorithm that automatically sets prices and facilitates trades in a liquidity pool, replacing the traditional order book model.\"\n             id=\"term-amm\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Advanced\"><\/span>\n                    <span class=\"scg-gl-card-term\">AMM (Automated Market Maker)<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">DeFi<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An algorithm that automatically sets prices and facilitates trades in a liquidity pool, replacing the traditional order book model.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewBox=\"0 0 600 120\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><text x=\"300\" y=\"15\" text-anchor=\"middle\" fill=\"#FBBF24\" font-size=\"11\" font-weight=\"700\">x \u00d7 y = k (constant product formula)<\/text><ellipse cx=\"300\" cy=\"65\" rx=\"180\" ry=\"45\" fill=\"none\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"300\" y=\"55\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"10\">Liquidity Pool<\/text><text x=\"220\" y=\"75\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"10\" font-weight=\"600\">Token A<\/text><text x=\"380\" y=\"75\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"10\" font-weight=\"600\">Token B<\/text><text x=\"300\" y=\"118\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">More A you take out \u2192 more expensive A becomes (and vice versa)<\/text><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>AMMs use mathematical formulas (most commonly x*y=k) to determine prices based on the ratio of assets in the pool. When you trade on Uniswap, you&#039;re trading against an AMM, not another person.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The x*y=k formula that powers most AMMs was first proposed in a blog post by Vitalik Buterin in 2017.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dex\">DEX (Decentralized Exchange)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"liquidity-pool\">Liquidity Pool<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"impermanent-loss\">Impermanent Loss<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"wrapped-token\"\n             data-cat=\"defi\" \n             data-diff=\"2\" \n             data-letter=\"W\"\n             data-term=\"wrapped token\"\n             data-def=\"a token on one blockchain that represents an asset from another blockchain. wbtc is bitcoin wrapped for use on ethereum.\"\n             id=\"term-wrapped-token\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Wrapped Token<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">DeFi<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A token on one blockchain that represents an asset from another blockchain. WBTC is Bitcoin wrapped for use on Ethereum.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Wrapping allows assets to be used across different ecosystems. The wrapped token is backed 1:1 by the underlying asset, held in custody by a custodian or smart contract.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Over 150,000 BTC (worth $10B+) exist as Wrapped Bitcoin on Ethereum \u2014 that&#039;s more than many countries&#039; gold reserves.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"bridge\">Bridge<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"interoperability\">Interoperability<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"defi\">DeFi (Decentralized Finance)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"bridge\"\n             data-cat=\"defi\" \n             data-diff=\"2\" \n             data-letter=\"B\"\n             data-term=\"bridge\"\n             data-def=\"a protocol that enables the transfer of tokens or data between two different blockchain networks.\"\n             id=\"term-bridge\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Bridge<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">DeFi<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A protocol that enables the transfer of tokens or data between two different blockchain networks.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Bridges are essential for cross-chain interoperability. However, they have been a major target for hackers, with billions lost. Always use well-established bridges and be cautious about the amount transferred.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The Ronin Bridge hack in 2022 ($625M) and Wormhole hack ($320M) are among the largest thefts in crypto history.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"interoperability\">Interoperability<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"wrapped-token\">Wrapped Token<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"layer-2\">Layer 2 (L2)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"collateral\"\n             data-cat=\"defi\" \n             data-diff=\"2\" \n             data-letter=\"C\"\n             data-term=\"collateral\"\n             data-def=\"assets pledged as security for a loan. in defi, loans typically require over-collateralization \u2014 depositing more value than you borrow.\"\n             id=\"term-collateral\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Collateral<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">DeFi<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Assets pledged as security for a loan. In DeFi, loans typically require over-collateralization \u2014 depositing more value than you borrow.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>To borrow $1,000 in USDC, you might need $1,500 in ETH as collateral. If ETH drops enough, your position is liquidated.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>DeFi requires 150%+ collateralization \u2014 traditional banks lend with as little as 3% down payment on mortgages.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"liquidation\">Liquidation<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"lending-protocol\">Lending Protocol<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"defi\">DeFi (Decentralized Finance)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"liquidation\"\n             data-cat=\"defi\" \n             data-diff=\"2\" \n             data-letter=\"L\"\n             data-term=\"liquidation\"\n             data-def=\"the automatic selling of a borrower&#039;s collateral when its value falls below the minimum required ratio.\"\n             id=\"term-liquidation\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Liquidation<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">DeFi<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The automatic selling of a borrower&#039;s collateral when its value falls below the minimum required ratio.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>During sharp drops, mass liquidations can cascade \u2014 falling prices trigger liquidations, creating more selling pressure, triggering more liquidations.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Over $1 billion in crypto positions were liquidated in a single hour during the May 2021 crash.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"collateral\">Collateral<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"lending-protocol\">Lending Protocol<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"volatility\">Volatility<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"slashing\"\n             data-cat=\"defi\" \n             data-diff=\"3\" \n             data-letter=\"S\"\n             data-term=\"slashing\"\n             data-def=\"a penalty in proof of stake networks where validators lose staked tokens for malicious behavior or negligence.\"\n             id=\"term-slashing\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Advanced\"><\/span>\n                    <span class=\"scg-gl-card-term\">Slashing<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">DeFi<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A penalty in Proof of Stake networks where validators lose staked tokens for malicious behavior or negligence.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>If a validator attacks the network, goes offline, or validates conflicting blocks, their stake is destroyed. This makes PoS secure \u2014 validators have real money at risk.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Ethereum has slashed over 400 validators since The Merge \u2014 most for running duplicate setups accidentally.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"proof-of-stake\">Proof of Stake (PoS)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"validator\">Validator<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"staking\">Staking<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"composability\"\n             data-cat=\"defi\" \n             data-diff=\"3\" \n             data-letter=\"C\"\n             data-term=\"composability\"\n             data-def=\"the ability of defi protocols to interact with and build upon each other, often described as &quot;money legos.&quot;\"\n             id=\"term-composability\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Advanced\"><\/span>\n                    <span class=\"scg-gl-card-term\">Composability<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">DeFi<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The ability of DeFi protocols to interact with and build upon each other, often described as &quot;money legos.&quot;<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>You can deposit ETH into Aave, receive aETH, use that as collateral elsewhere \u2014 stacking protocols on top of each other. This enables complex strategies but creates systemic risk if one protocol fails.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The term &quot;money legos&quot; was coined in 2019 and has become the defining metaphor for DeFi&#039;s composable architecture.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"defi\">DeFi (Decentralized Finance)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"smart-contract\">Smart Contract<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"lending-protocol\">Lending Protocol<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"private-key\"\n             data-cat=\"security\" \n             data-diff=\"1\" \n             data-letter=\"P\"\n             data-term=\"private key\"\n             data-def=\"a secret cryptographic code that gives you control over your cryptocurrency. whoever has the private key can move the funds.\"\n             id=\"term-private-key\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Private Key<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Security<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A secret cryptographic code that gives you control over your cryptocurrency. Whoever has the private key can move the funds.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewBox=\"0 0 600 110\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"30\" y=\"20\" width=\"200\" height=\"70\" rx=\"10\" fill=\"#1C2230\" stroke=\"#F87171\" stroke-width=\"2\"\/><text x=\"130\" y=\"45\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"12\" font-weight=\"700\">\ud83d\udd10 Private Key<\/text><text x=\"130\" y=\"63\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Secret \u2014 NEVER share<\/text><text x=\"130\" y=\"77\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Controls your funds<\/text><line x1=\"230\" y1=\"55\" x2=\"330\" y2=\"55\" stroke=\"#FBBF24\" stroke-width=\"2\" marker-end=\"url(#arr6)\"\/><text x=\"280\" y=\"48\" text-anchor=\"middle\" fill=\"#FBBF24\" font-size=\"8\">generates<\/text><rect x=\"330\" y=\"20\" width=\"200\" height=\"70\" rx=\"10\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"430\" y=\"45\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"12\" font-weight=\"700\">\ud83d\udcec Public Key<\/text><text x=\"430\" y=\"63\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Safe to share<\/text><text x=\"430\" y=\"77\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Your wallet address<\/text><text x=\"300\" y=\"105\" text-anchor=\"middle\" fill=\"#5A6478\" font-size=\"9\">One-way: Public key can be derived from private key, but NOT the reverse<\/text><defs><marker id=\"arr6\" viewBox=\"0 0 10 10\" refX=\"8\" refY=\"5\" markerWidth=\"6\" markerHeight=\"6\" orient=\"auto\"><path d=\"M 0 0 L 10 5 L 0 10 z\" fill=\"#FBBF24\"\/><\/marker><\/defs><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Your private key is the master password to your crypto assets. Unlike a bank password, it cannot be reset. Private keys should never be shared, stored digitally in unencrypted form, or entered on websites.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>An estimated 20% of all Bitcoin (3.7 million BTC, worth $250B+) is permanently lost because owners lost their private keys.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"public-key\">Public Key<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"seed-phrase\">Seed Phrase (Recovery Phrase)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"cryptocurrency-wallet\">Cryptocurrency Wallet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"self-custody\">Self-Custody<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/what-is-a-private-key-in-crypto\/\">\n                    \ud83d\udcd6 What Is a Private Key?                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"public-key\"\n             data-cat=\"security\" \n             data-diff=\"1\" \n             data-letter=\"P\"\n             data-term=\"public key\"\n             data-def=\"a cryptographic code derived from your private key that serves as your address for receiving cryptocurrency. safe to share.\"\n             id=\"term-public-key\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Public Key<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Security<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A cryptographic code derived from your private key that serves as your address for receiving cryptocurrency. Safe to share.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewBox=\"0 0 600 110\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"30\" y=\"20\" width=\"200\" height=\"70\" rx=\"10\" fill=\"#1C2230\" stroke=\"#F87171\" stroke-width=\"2\"\/><text x=\"130\" y=\"45\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"12\" font-weight=\"700\">\ud83d\udd10 Private Key<\/text><text x=\"130\" y=\"63\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Secret \u2014 NEVER share<\/text><text x=\"130\" y=\"77\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Controls your funds<\/text><line x1=\"230\" y1=\"55\" x2=\"330\" y2=\"55\" stroke=\"#FBBF24\" stroke-width=\"2\" marker-end=\"url(#arr6)\"\/><text x=\"280\" y=\"48\" text-anchor=\"middle\" fill=\"#FBBF24\" font-size=\"8\">generates<\/text><rect x=\"330\" y=\"20\" width=\"200\" height=\"70\" rx=\"10\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"430\" y=\"45\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"12\" font-weight=\"700\">\ud83d\udcec Public Key<\/text><text x=\"430\" y=\"63\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Safe to share<\/text><text x=\"430\" y=\"77\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Your wallet address<\/text><text x=\"300\" y=\"105\" text-anchor=\"middle\" fill=\"#5A6478\" font-size=\"9\">One-way: Public key can be derived from private key, but NOT the reverse<\/text><defs><marker id=\"arr6\" viewBox=\"0 0 10 10\" refX=\"8\" refY=\"5\" markerWidth=\"6\" markerHeight=\"6\" orient=\"auto\"><path d=\"M 0 0 L 10 5 L 0 10 z\" fill=\"#FBBF24\"\/><\/marker><\/defs><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Think of your public key as your bank account number \u2014 give it to people who want to send you money. Your private key is the PIN \u2014 never share it. Public keys are derived from private keys through a one-way mathematical function.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>A public key is derived from the private key using elliptic curve multiplication \u2014 a process that takes nanoseconds forward but would take billions of years to reverse.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"private-key\">Private Key<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"wallet-address\">Wallet Address<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"cryptography\">Cryptography<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/what-is-a-public-key-in-crypto\/\">\n                    \ud83d\udcd6 What Is a Public Key?                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"seed-phrase\"\n             data-cat=\"security\" \n             data-diff=\"1\" \n             data-letter=\"S\"\n             data-term=\"seed phrase (recovery phrase)\"\n             data-def=\"a set of 12 or 24 words that can restore your entire crypto wallet if you lose access to your device.\"\n             id=\"term-seed-phrase\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Seed Phrase (Recovery Phrase)<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Security<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A set of 12 or 24 words that can restore your entire crypto wallet if you lose access to your device.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewBox=\"0 0 600 110\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"30\" y=\"15\" width=\"160\" height=\"80\" rx=\"10\" fill=\"#1C2230\" stroke=\"#FBBF24\" stroke-width=\"2\"\/><text x=\"110\" y=\"40\" text-anchor=\"middle\" fill=\"#FBBF24\" font-size=\"11\" font-weight=\"700\">Seed Phrase<\/text><text x=\"110\" y=\"56\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"8\">1. apple  2. brave<\/text><text x=\"110\" y=\"68\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"8\">3. carpet 4. dawn<\/text><text x=\"110\" y=\"80\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">... 12-24 words<\/text><line x1=\"190\" y1=\"55\" x2=\"250\" y2=\"55\" stroke=\"#8A94A6\" stroke-width=\"1.5\" marker-end=\"url(#arr7)\"\/><text x=\"220\" y=\"48\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"7\">restores<\/text><rect x=\"250\" y=\"25\" width=\"130\" height=\"60\" rx=\"8\" fill=\"#1C2230\" stroke=\"#F87171\" stroke-width=\"2\"\/><text x=\"315\" y=\"50\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"10\" font-weight=\"600\">Private Key<\/text><text x=\"315\" y=\"66\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">0x7a3b8f...<\/text><line x1=\"380\" y1=\"55\" x2=\"440\" y2=\"55\" stroke=\"#8A94A6\" stroke-width=\"1.5\" marker-end=\"url(#arr8)\"\/><text x=\"410\" y=\"48\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"7\">controls<\/text><rect x=\"440\" y=\"25\" width=\"130\" height=\"60\" rx=\"8\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"505\" y=\"50\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"10\" font-weight=\"600\">Your Wallet<\/text><text x=\"505\" y=\"66\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">All your crypto<\/text><defs><marker id=\"arr7\" viewBox=\"0 0 10 10\" refX=\"8\" refY=\"5\" markerWidth=\"6\" markerHeight=\"6\" orient=\"auto\"><path d=\"M 0 0 L 10 5 L 0 10 z\" fill=\"#8A94A6\"\/><\/marker><marker id=\"arr8\" viewBox=\"0 0 10 10\" refX=\"8\" refY=\"5\" markerWidth=\"6\" markerHeight=\"6\" orient=\"auto\"><path d=\"M 0 0 L 10 5 L 0 10 z\" fill=\"#8A94A6\"\/><\/marker><\/defs><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>When you create a wallet, it generates a seed phrase you must write down and store securely \u2014 on paper or metal, never digitally. Anyone with your seed phrase can restore your wallet on any device. No legitimate service will ever ask for it.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The 2,048 possible words in BIP-39 seed phrases create more possible combinations than there are atoms in the observable universe.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"private-key\">Private Key<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"cryptocurrency-wallet\">Cryptocurrency Wallet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"self-custody\">Self-Custody<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"passphrase\">Passphrase<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/cryptocurrency-wallets\/\">\n                    \ud83d\udcd6 Cryptocurrency Wallets Explained                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"two-factor-authentication\"\n             data-cat=\"security\" \n             data-diff=\"1\" \n             data-letter=\"T\"\n             data-term=\"two-factor authentication (2fa)\"\n             data-def=\"an extra security layer requiring a second verification code (usually from an app like google authenticator) in addition to your password.\"\n             id=\"term-two-factor-authentication\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Two-Factor Authentication (2FA)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Security<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An extra security layer requiring a second verification code (usually from an app like Google Authenticator) in addition to your password.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>2FA is non-negotiable for exchange accounts. Even if someone steals your password, they can&#039;t access your account without the 2FA code. Use an authenticator app \u2014 not SMS, which is vulnerable to SIM swaps.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>SMS-based 2FA was compromised in the $100M+ Coinbase account takeover spree of 2021, pushing the entire industry toward app-based 2FA.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"sim-swap\">SIM Swap Attack<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"phishing\">Phishing<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"cryptocurrency-exchange\">Cryptocurrency Exchange<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"phishing\"\n             data-cat=\"security\" \n             data-diff=\"1\" \n             data-letter=\"P\"\n             data-term=\"phishing\"\n             data-def=\"a scam where attackers create fake websites, emails, or messages mimicking legitimate services to steal your credentials or seed phrase.\"\n             id=\"term-phishing\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Phishing<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Security<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A scam where attackers create fake websites, emails, or messages mimicking legitimate services to steal your credentials or seed phrase.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Phishing is the most common attack in crypto. Scammers create pixel-perfect copies of exchange login pages. Never click links in emails \u2014 always navigate directly to the official website.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Google Ads have been used to show phishing sites above real exchange sites in search results \u2014 always check the URL carefully.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"rug-pull\">Rug Pull<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"seed-phrase\">Seed Phrase (Recovery Phrase)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"two-factor-authentication\">Two-Factor Authentication (2FA)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"rug-pull\"\n             data-cat=\"security\" \n             data-diff=\"1\" \n             data-letter=\"R\"\n             data-term=\"rug pull\"\n             data-def=\"a scam where project creators suddenly abandon it and drain the funds, leaving investors with worthless tokens.\"\n             id=\"term-rug-pull\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Rug Pull<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Security<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A scam where project creators suddenly abandon it and drain the funds, leaving investors with worthless tokens.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Most common with new, unaudited tokens on DEXs. Warning signs: anonymous teams, unrealistic returns, aggressive marketing with no working product.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The Squid Game token rug pull in 2021 was one of the most brazen \u2014 rising 75,000% before creators drained $3.4M and disappeared.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"honeypot\">Honeypot<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"smart-contract-audit\">Smart Contract Audit<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dyor\">DYOR (Do Your Own Research)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"honeypot\"\n             data-cat=\"security\" \n             data-diff=\"2\" \n             data-letter=\"H\"\n             data-term=\"honeypot\"\n             data-def=\"a smart contract designed to look legitimate but coded so you can buy tokens but cannot sell them \u2014 your funds are trapped.\"\n             id=\"term-honeypot\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Honeypot<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Security<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A smart contract designed to look legitimate but coded so you can buy tokens but cannot sell them \u2014 your funds are trapped.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>The sell function is secretly disabled. The price appears to rise (because people can buy but not sell), attracting more victims. Token Sniffer can help detect honeypots.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Automated honeypot detection tools now catch over 90% of honeypot contracts within minutes of deployment.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"rug-pull\">Rug Pull<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"smart-contract\">Smart Contract<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"smart-contract-audit\">Smart Contract Audit<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"sim-swap\"\n             data-cat=\"security\" \n             data-diff=\"2\" \n             data-letter=\"S\"\n             data-term=\"sim swap attack\"\n             data-def=\"an attack where a hacker convinces your phone carrier to transfer your number to their device, intercepting sms-based 2fa codes.\"\n             id=\"term-sim-swap\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">SIM Swap Attack<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Security<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An attack where a hacker convinces your phone carrier to transfer your number to their device, intercepting SMS-based 2FA codes.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Once the attacker has your number, they can reset passwords and bypass 2FA on exchanges. Defense: use an authenticator app (not SMS) and set a carrier PIN.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>A teenager SIM-swapped a crypto investor in 2019 and stole $24 million in cryptocurrency \u2014 one of the largest individual thefts.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"two-factor-authentication\">Two-Factor Authentication (2FA)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"phishing\">Phishing<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"cold-storage\"\n             data-cat=\"security\" \n             data-diff=\"1\" \n             data-letter=\"C\"\n             data-term=\"cold storage\"\n             data-def=\"storing cryptocurrency offline \u2014 on a hardware wallet or paper wallet \u2014 disconnected from the internet to protect against hacking.\"\n             id=\"term-cold-storage\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Cold Storage<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Security<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Storing cryptocurrency offline \u2014 on a hardware wallet or paper wallet \u2014 disconnected from the internet to protect against hacking.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Cold storage is the most secure way to hold cryptocurrency long-term. Hardware wallets like Ledger and Trezor store keys on a dedicated device that never connects to the internet directly.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Coinbase stores 98% of customer crypto in cold storage \u2014 only 2% is kept in hot wallets for immediate withdrawals.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"hardware-wallet\">Hardware Wallet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"hot-wallet\">Hot Wallet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"self-custody\">Self-Custody<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"hot-wallet\"\n             data-cat=\"security\" \n             data-diff=\"1\" \n             data-letter=\"H\"\n             data-term=\"hot wallet\"\n             data-def=\"a cryptocurrency wallet connected to the internet. convenient but more vulnerable to hacking.\"\n             id=\"term-hot-wallet\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Hot Wallet<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Security<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A cryptocurrency wallet connected to the internet. Convenient but more vulnerable to hacking.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewBox=\"0 0 600 120\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"20\" y=\"15\" width=\"170\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#F87171\" stroke-width=\"2\"\/><text x=\"105\" y=\"40\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"11\" font-weight=\"700\">\ud83c\udf10 Hot Wallet<\/text><text x=\"105\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Online (MetaMask, Trust)<\/text><text x=\"105\" y=\"74\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"8\">\u2713 Convenient, free<\/text><text x=\"105\" y=\"88\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"8\">\u2717 Vulnerable to hacks<\/text><rect x=\"215\" y=\"15\" width=\"170\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"300\" y=\"40\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"11\" font-weight=\"700\">\ud83d\udd12 Cold Wallet<\/text><text x=\"300\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Offline (Ledger, Trezor)<\/text><text x=\"300\" y=\"74\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"8\">\u2713 Most secure<\/text><text x=\"300\" y=\"88\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"8\">\u2717 Costs $50-200<\/text><rect x=\"410\" y=\"15\" width=\"170\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#38BDF8\" stroke-width=\"2\"\/><text x=\"495\" y=\"40\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"11\" font-weight=\"700\">\ud83c\udfe6 Exchange<\/text><text x=\"495\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Custodial (Binance, CB)<\/text><text x=\"495\" y=\"74\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"8\">\u2713 Easy, recoverable<\/text><text x=\"495\" y=\"88\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"8\">\u2717 Not your keys<\/text><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Hot wallets include MetaMask, Trust Wallet, and exchange account balances. Good for daily transactions, not for large long-term holdings. Think: pocket cash vs. savings account.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The Bybit hack of 2025 ($1.5B) targeted hot wallet infrastructure \u2014 reinforcing why cold storage matters.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"cold-storage\">Cold Storage<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"software-wallet\">Software Wallet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"cryptocurrency-wallet\">Cryptocurrency Wallet<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"multisig\"\n             data-cat=\"security\" \n             data-diff=\"3\" \n             data-letter=\"M\"\n             data-term=\"multisig (multi-signature)\"\n             data-def=\"a wallet requiring multiple private keys to authorize a transaction, adding an extra layer of security.\"\n             id=\"term-multisig\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Advanced\"><\/span>\n                    <span class=\"scg-gl-card-term\">Multisig (Multi-Signature)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Security<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A wallet requiring multiple private keys to authorize a transaction, adding an extra layer of security.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>A 2-of-3 multisig requires any 2 out of 3 key holders to sign. Protects against a single point of failure. Used by DAOs, exchanges, and institutions.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Ethereum&#039;s largest multisig wallet (the Gnosis Safe) secures over $100 billion in assets across 200,000+ safes.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"private-key\">Private Key<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dao\">DAO (Decentralized Autonomous Organization)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"cold-storage\">Cold Storage<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"smart-contract-audit\"\n             data-cat=\"security\" \n             data-diff=\"2\" \n             data-letter=\"S\"\n             data-term=\"smart contract audit\"\n             data-def=\"a professional security review of a smart contract&#039;s code to identify vulnerabilities before deployment.\"\n             id=\"term-smart-contract-audit\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Smart Contract Audit<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Security<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A professional security review of a smart contract&#039;s code to identify vulnerabilities before deployment.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Reputable projects have audits by firms like CertiK, Trail of Bits, or OpenZeppelin. An audit doesn&#039;t guarantee safety but significantly reduces risk. Always check audit status before depositing funds.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Even audited protocols have been hacked \u2014 audits catch ~95% of known vulnerabilities but can&#039;t prevent all novel attacks.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"smart-contract\">Smart Contract<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"rug-pull\">Rug Pull<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"defi\">DeFi (Decentralized Finance)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"proof-of-reserves\"\n             data-cat=\"security\" \n             data-diff=\"2\" \n             data-letter=\"P\"\n             data-term=\"proof of reserves\"\n             data-def=\"an audit showing that an exchange holds enough assets to cover all customer deposits.\"\n             id=\"term-proof-of-reserves\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Proof of Reserves<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Security<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An audit showing that an exchange holds enough assets to cover all customer deposits.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>After FTX&#039;s collapse revealed insolvency, proof of reserves became standard. Binance, Kraken, Bybit publish regular reports. While not a complete guarantee, it&#039;s a significant transparency improvement.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>FTX&#039;s collapse revealed a $8 billion hole \u2014 they had been secretly lending customer deposits. Proof of reserves aims to prevent this.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"cryptocurrency-exchange\">Cryptocurrency Exchange<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"self-custody\">Self-Custody<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"address-poisoning\"\n             data-cat=\"security\" \n             data-diff=\"3\" \n             data-letter=\"A\"\n             data-term=\"address poisoning\"\n             data-def=\"a scam where attackers send tiny transactions from an address similar to one you&#039;ve used, hoping you&#039;ll copy the wrong address.\"\n             id=\"term-address-poisoning\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Advanced\"><\/span>\n                    <span class=\"scg-gl-card-term\">Address Poisoning<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Security<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A scam where attackers send tiny transactions from an address similar to one you&#039;ve used, hoping you&#039;ll copy the wrong address.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Scammers generate addresses sharing the same first and last characters as your legitimate contacts. Always verify the full address before sending.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>In May 2024, an address poisoning attack stole $71 million in a single transaction from one victim.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"wallet-address\">Wallet Address<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"phishing\">Phishing<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"dusting-attack\"\n             data-cat=\"security\" \n             data-diff=\"3\" \n             data-letter=\"D\"\n             data-term=\"dusting attack\"\n             data-def=\"an attack where tiny amounts of crypto are sent to wallets to track and de-anonymize the owners.\"\n             id=\"term-dusting-attack\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Advanced\"><\/span>\n                    <span class=\"scg-gl-card-term\">Dusting Attack<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Security<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An attack where tiny amounts of crypto are sent to wallets to track and de-anonymize the owners.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>The attacker sends trace amounts to thousands of wallets, then monitors how those amounts are combined with other funds to link addresses to identities. Don&#039;t interact with unexpected tiny deposits.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Dusting attacks have been used by both hackers (for theft) and law enforcement (for investigation).<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"wallet-address\">Wallet Address<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"private-key\">Private Key<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"cryptocurrency-wallet\"\n             data-cat=\"wallets\" \n             data-diff=\"1\" \n             data-letter=\"C\"\n             data-term=\"cryptocurrency wallet\"\n             data-def=\"software or hardware that stores your private keys and allows you to send, receive, and manage your cryptocurrency.\"\n             id=\"term-cryptocurrency-wallet\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Cryptocurrency Wallet<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Wallets<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Software or hardware that stores your private keys and allows you to send, receive, and manage your cryptocurrency.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewBox=\"0 0 600 120\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"20\" y=\"15\" width=\"170\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#F87171\" stroke-width=\"2\"\/><text x=\"105\" y=\"40\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"11\" font-weight=\"700\">\ud83c\udf10 Hot Wallet<\/text><text x=\"105\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Online (MetaMask, Trust)<\/text><text x=\"105\" y=\"74\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"8\">\u2713 Convenient, free<\/text><text x=\"105\" y=\"88\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"8\">\u2717 Vulnerable to hacks<\/text><rect x=\"215\" y=\"15\" width=\"170\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"300\" y=\"40\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"11\" font-weight=\"700\">\ud83d\udd12 Cold Wallet<\/text><text x=\"300\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Offline (Ledger, Trezor)<\/text><text x=\"300\" y=\"74\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"8\">\u2713 Most secure<\/text><text x=\"300\" y=\"88\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"8\">\u2717 Costs $50-200<\/text><rect x=\"410\" y=\"15\" width=\"170\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#38BDF8\" stroke-width=\"2\"\/><text x=\"495\" y=\"40\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"11\" font-weight=\"700\">\ud83c\udfe6 Exchange<\/text><text x=\"495\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Custodial (Binance, CB)<\/text><text x=\"495\" y=\"74\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"8\">\u2713 Easy, recoverable<\/text><text x=\"495\" y=\"88\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"8\">\u2717 Not your keys<\/text><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Wallets don&#039;t &quot;hold&quot; crypto \u2014 assets live on the blockchain. The wallet holds your private keys which prove ownership. Wallets come as mobile apps, browser extensions, hardware devices, and paper backups.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>MetaMask, the most popular software wallet, has over 30 million monthly active users worldwide.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"private-key\">Private Key<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"hardware-wallet\">Hardware Wallet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"software-wallet\">Software Wallet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"custodial-wallet\">Custodial Wallet<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/cryptocurrency-wallets\/\">\n                    \ud83d\udcd6 Cryptocurrency Wallets Explained                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"hardware-wallet\"\n             data-cat=\"wallets\" \n             data-diff=\"1\" \n             data-letter=\"H\"\n             data-term=\"hardware wallet\"\n             data-def=\"a physical device that stores your private keys offline, providing the highest level of security.\"\n             id=\"term-hardware-wallet\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Hardware Wallet<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Wallets<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A physical device that stores your private keys offline, providing the highest level of security.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewBox=\"0 0 600 120\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"20\" y=\"15\" width=\"170\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#F87171\" stroke-width=\"2\"\/><text x=\"105\" y=\"40\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"11\" font-weight=\"700\">\ud83c\udf10 Hot Wallet<\/text><text x=\"105\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Online (MetaMask, Trust)<\/text><text x=\"105\" y=\"74\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"8\">\u2713 Convenient, free<\/text><text x=\"105\" y=\"88\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"8\">\u2717 Vulnerable to hacks<\/text><rect x=\"215\" y=\"15\" width=\"170\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"300\" y=\"40\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"11\" font-weight=\"700\">\ud83d\udd12 Cold Wallet<\/text><text x=\"300\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Offline (Ledger, Trezor)<\/text><text x=\"300\" y=\"74\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"8\">\u2713 Most secure<\/text><text x=\"300\" y=\"88\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"8\">\u2717 Costs $50-200<\/text><rect x=\"410\" y=\"15\" width=\"170\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#38BDF8\" stroke-width=\"2\"\/><text x=\"495\" y=\"40\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"11\" font-weight=\"700\">\ud83c\udfe6 Exchange<\/text><text x=\"495\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Custodial (Binance, CB)<\/text><text x=\"495\" y=\"74\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"8\">\u2713 Easy, recoverable<\/text><text x=\"495\" y=\"88\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"8\">\u2717 Not your keys<\/text><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Popular options: Ledger (Nano S Plus, Nano X) and Trezor (Model One, Model T). They sign transactions offline \u2014 keys never leave the device. Cost $50-$200, recommended for significant holdings.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Ledger has sold over 7 million hardware wallets \u2014 making it the most widely used cold storage solution.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"cold-storage\">Cold Storage<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"private-key\">Private Key<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"seed-phrase\">Seed Phrase (Recovery Phrase)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"self-custody\">Self-Custody<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"software-wallet\"\n             data-cat=\"wallets\" \n             data-diff=\"1\" \n             data-letter=\"S\"\n             data-term=\"software wallet\"\n             data-def=\"a wallet that exists as an application on your phone, computer, or browser. more convenient but connected to the internet.\"\n             id=\"term-software-wallet\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Software Wallet<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Wallets<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A wallet that exists as an application on your phone, computer, or browser. More convenient but connected to the internet.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewBox=\"0 0 600 120\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"20\" y=\"15\" width=\"170\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#F87171\" stroke-width=\"2\"\/><text x=\"105\" y=\"40\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"11\" font-weight=\"700\">\ud83c\udf10 Hot Wallet<\/text><text x=\"105\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Online (MetaMask, Trust)<\/text><text x=\"105\" y=\"74\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"8\">\u2713 Convenient, free<\/text><text x=\"105\" y=\"88\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"8\">\u2717 Vulnerable to hacks<\/text><rect x=\"215\" y=\"15\" width=\"170\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"300\" y=\"40\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"11\" font-weight=\"700\">\ud83d\udd12 Cold Wallet<\/text><text x=\"300\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Offline (Ledger, Trezor)<\/text><text x=\"300\" y=\"74\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"8\">\u2713 Most secure<\/text><text x=\"300\" y=\"88\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"8\">\u2717 Costs $50-200<\/text><rect x=\"410\" y=\"15\" width=\"170\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#38BDF8\" stroke-width=\"2\"\/><text x=\"495\" y=\"40\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"11\" font-weight=\"700\">\ud83c\udfe6 Exchange<\/text><text x=\"495\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Custodial (Binance, CB)<\/text><text x=\"495\" y=\"74\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"8\">\u2713 Easy, recoverable<\/text><text x=\"495\" y=\"88\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"8\">\u2717 Not your keys<\/text><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>MetaMask, Trust Wallet, and Phantom are popular software wallets. Free and essential for DeFi and dApps. The tradeoff: only as secure as the device they&#039;re on.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>MetaMask&#039;s browser extension has been cloned by scammers over 100 times \u2014 always download from the official website.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"hot-wallet\">Hot Wallet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"cryptocurrency-wallet\">Cryptocurrency Wallet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"hardware-wallet\">Hardware Wallet<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"custodial-wallet\"\n             data-cat=\"wallets\" \n             data-diff=\"1\" \n             data-letter=\"C\"\n             data-term=\"custodial wallet\"\n             data-def=\"a wallet where a third party (like an exchange) holds your private keys on your behalf.\"\n             id=\"term-custodial-wallet\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Custodial Wallet<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Wallets<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A wallet where a third party (like an exchange) holds your private keys on your behalf.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>When you keep crypto on Coinbase or Binance, you&#039;re using a custodial wallet. Convenient (password recovery possible) but means you trust the exchange. &quot;Not your keys, not your coins.&quot;<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>When FTX collapsed, users with custodial wallets lost access to $8 billion \u2014 highlighting the risks of third-party custody.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"non-custodial-wallet\">Non-Custodial Wallet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"self-custody\">Self-Custody<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"cryptocurrency-exchange\">Cryptocurrency Exchange<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"non-custodial-wallet\"\n             data-cat=\"wallets\" \n             data-diff=\"1\" \n             data-letter=\"N\"\n             data-term=\"non-custodial wallet\"\n             data-def=\"a wallet where you alone control the private keys. no third party can access, freeze, or move your funds.\"\n             id=\"term-non-custodial-wallet\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Non-Custodial Wallet<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Wallets<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A wallet where you alone control the private keys. No third party can access, freeze, or move your funds.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>MetaMask, Ledger, Trust Wallet are non-custodial. You bear full responsibility \u2014 lose your seed phrase, nobody can recover your funds. More secure but more personal responsibility.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>After FTX, non-custodial wallet downloads surged 300% in a single week as users moved to self-custody.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"custodial-wallet\">Custodial Wallet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"self-custody\">Self-Custody<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"seed-phrase\">Seed Phrase (Recovery Phrase)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"self-custody\"\n             data-cat=\"wallets\" \n             data-diff=\"1\" \n             data-letter=\"S\"\n             data-term=\"self-custody\"\n             data-def=\"holding your own private keys rather than trusting an exchange or third party.\"\n             id=\"term-self-custody\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Self-Custody<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Wallets<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Holding your own private keys rather than trusting an exchange or third party.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Self-custody became a major topic after FTX showed the risks of trusting exchanges. The benefits: full control, censorship resistance. The risks: you alone are responsible.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The phrase &quot;not your keys, not your coins&quot; was coined by Andreas Antonopoulos and has become crypto&#039;s most important security mantra.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"non-custodial-wallet\">Non-Custodial Wallet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"hardware-wallet\">Hardware Wallet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"private-key\">Private Key<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"wallet-address\"\n             data-cat=\"wallets\" \n             data-diff=\"1\" \n             data-letter=\"W\"\n             data-term=\"wallet address\"\n             data-def=\"a unique string of characters that serves as the destination for cryptocurrency transfers.\"\n             id=\"term-wallet-address\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Wallet Address<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Wallets<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A unique string of characters that serves as the destination for cryptocurrency transfers.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Addresses look different by chain: Bitcoin starts with 1, 3, or bc1; Ethereum starts with 0x. Always double-check before sending \u2014 transactions are irreversible.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Ethereum addresses are case-insensitive, but the checksum (mixed case) version helps detect typos automatically.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"public-key\">Public Key<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"ens\">ENS (Ethereum Name Service)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"address-poisoning\">Address Poisoning<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"passphrase\"\n             data-cat=\"wallets\" \n             data-diff=\"3\" \n             data-letter=\"P\"\n             data-term=\"passphrase\"\n             data-def=\"an optional additional word added to your seed phrase for extra security, creating a hidden wallet within your wallet.\"\n             id=\"term-passphrase\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Advanced\"><\/span>\n                    <span class=\"scg-gl-card-term\">Passphrase<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Wallets<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An optional additional word added to your seed phrase for extra security, creating a hidden wallet within your wallet.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>A 25th word creates entirely separate addresses from your base seed phrase. Even if someone finds your 24 words, they can&#039;t access the hidden wallet. Warning: forget the passphrase, those funds are gone forever.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Some users create &quot;decoy wallets&quot; with their base seed phrase (holding small amounts) while hiding the real funds behind a passphrase.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"seed-phrase\">Seed Phrase (Recovery Phrase)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"private-key\">Private Key<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"hardware-wallet\">Hardware Wallet<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"multi-chain-wallet\"\n             data-cat=\"wallets\" \n             data-diff=\"2\" \n             data-letter=\"M\"\n             data-term=\"multi-chain wallet\"\n             data-def=\"a wallet supporting multiple blockchain networks from a single interface.\"\n             id=\"term-multi-chain-wallet\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Multi-Chain Wallet<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Wallets<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A wallet supporting multiple blockchain networks from a single interface.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Trust Wallet and MetaMask (with manual network additions) support multiple chains \u2014 hold ETH, BNB, AVAX all in one app.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Phantom started as Solana-only but added Ethereum and Polygon support, becoming one of the most popular multi-chain wallets.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"cryptocurrency-wallet\">Cryptocurrency Wallet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"software-wallet\">Software Wallet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"interoperability\">Interoperability<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"ens\"\n             data-cat=\"wallets\" \n             data-diff=\"2\" \n             data-letter=\"E\"\n             data-term=\"ens (ethereum name service)\"\n             data-def=\"a naming system replacing long ethereum addresses (0x7a3b...) with human-readable names like &quot;yourname.eth.&quot;\"\n             id=\"term-ens\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">ENS (Ethereum Name Service)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Wallets<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A naming system replacing long Ethereum addresses (0x7A3b...) with human-readable names like &quot;yourname.eth.&quot;<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>ENS works like DNS for the internet. Names are NFTs on Ethereum and can point to wallets, websites, and social profiles. They&#039;ve become a form of digital identity.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The ENS name &quot;paradigm.eth&quot; sold for 420 ETH ($1.5M) \u2014 making it one of the most expensive domain purchases in crypto.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"wallet-address\">Wallet Address<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"nft\">NFT (Non-Fungible Token)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"public-key\">Public Key<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"mining\"\n             data-cat=\"mining-consensus\" \n             data-diff=\"1\" \n             data-letter=\"M\"\n             data-term=\"mining\"\n             data-def=\"using computer power to validate transactions and add new blocks to a proof of work blockchain, earning crypto rewards.\"\n             id=\"term-mining\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Mining<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Mining &amp; Consensus<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Using computer power to validate transactions and add new blocks to a Proof of Work blockchain, earning crypto rewards.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Bitcoin miners compete to solve complex puzzles. The winner adds the next block and earns the block reward (currently 3.125 BTC) plus transaction fees. Requires specialized hardware (ASICs) and significant electricity.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Bitcoin mining uses more electricity than some entire countries \u2014 roughly equivalent to Argentina&#039;s annual consumption.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"proof-of-work\">Proof of Work (PoW)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"hash-rate\">Hash Rate<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"block-reward\">Block Reward<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"halving\">Halving<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"proof-of-work\"\n             data-cat=\"mining-consensus\" \n             data-diff=\"2\" \n             data-letter=\"P\"\n             data-term=\"proof of work (pow)\"\n             data-def=\"a consensus mechanism where miners compete to solve mathematical puzzles, with the winner earning the right to add the next block.\"\n             id=\"term-proof-of-work\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Proof of Work (PoW)<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Mining &amp; Consensus<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A consensus mechanism where miners compete to solve mathematical puzzles, with the winner earning the right to add the next block.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewBox=\"0 0 600 120\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"20\" y=\"15\" width=\"260\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#FBBF24\" stroke-width=\"2\"\/><text x=\"150\" y=\"38\" text-anchor=\"middle\" fill=\"#FBBF24\" font-size=\"12\" font-weight=\"700\">\u26a1 Proof of Work<\/text><text x=\"150\" y=\"56\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Miners compete with computing power<\/text><text x=\"150\" y=\"72\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">High energy \u2022 Very secure \u2022 Slow<\/text><text x=\"150\" y=\"88\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">Bitcoin, Litecoin, Dogecoin<\/text><rect x=\"320\" y=\"15\" width=\"260\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"450\" y=\"38\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"12\" font-weight=\"700\">\ud83d\udd12 Proof of Stake<\/text><text x=\"450\" y=\"56\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Validators lock tokens as collateral<\/text><text x=\"450\" y=\"72\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">Low energy \u2022 Secure \u2022 Fast<\/text><text x=\"450\" y=\"88\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">Ethereum, Solana, Cardano<\/text><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Bitcoin uses PoW \u2014 the oldest and most battle-tested mechanism. It provides strong security but consumes significant energy. Ethereum transitioned from PoW to PoS in 2022, cutting energy use ~99.95%.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Bitcoin&#039;s PoW has never been successfully attacked in over 15 years \u2014 making it the most secure computer network ever built.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"proof-of-stake\">Proof of Stake (PoS)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"mining\">Mining<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"consensus-mechanism\">Consensus Mechanism<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"hash-rate\">Hash Rate<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"proof-of-stake\"\n             data-cat=\"mining-consensus\" \n             data-diff=\"2\" \n             data-letter=\"P\"\n             data-term=\"proof of stake (pos)\"\n             data-def=\"a consensus mechanism where validators are selected based on the cryptocurrency they have &quot;staked&quot; (locked up) as collateral.\"\n             id=\"term-proof-of-stake\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Proof of Stake (PoS)<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Mining &amp; Consensus<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A consensus mechanism where validators are selected based on the cryptocurrency they have &quot;staked&quot; (locked up) as collateral.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewBox=\"0 0 600 120\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"20\" y=\"15\" width=\"260\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#FBBF24\" stroke-width=\"2\"\/><text x=\"150\" y=\"38\" text-anchor=\"middle\" fill=\"#FBBF24\" font-size=\"12\" font-weight=\"700\">\u26a1 Proof of Work<\/text><text x=\"150\" y=\"56\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Miners compete with computing power<\/text><text x=\"150\" y=\"72\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">High energy \u2022 Very secure \u2022 Slow<\/text><text x=\"150\" y=\"88\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">Bitcoin, Litecoin, Dogecoin<\/text><rect x=\"320\" y=\"15\" width=\"260\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"450\" y=\"38\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"12\" font-weight=\"700\">\ud83d\udd12 Proof of Stake<\/text><text x=\"450\" y=\"56\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Validators lock tokens as collateral<\/text><text x=\"450\" y=\"72\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">Low energy \u2022 Secure \u2022 Fast<\/text><text x=\"450\" y=\"88\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">Ethereum, Solana, Cardano<\/text><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Instead of competing with computation, validators put up tokens as a security deposit. Honest behavior earns rewards; cheating causes their stake to be slashed. Used by Ethereum, Solana, Cardano, and most modern chains.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Ethereum&#039;s switch to PoS (The Merge) reduced its energy consumption by 99.95% \u2014 from &quot;country-sized&quot; to &quot;town-sized.&quot;<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"proof-of-work\">Proof of Work (PoW)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"staking\">Staking<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"validator\">Validator<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"slashing\">Slashing<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"staking\"\n             data-cat=\"mining-consensus\" \n             data-diff=\"1\" \n             data-letter=\"S\"\n             data-term=\"staking\"\n             data-def=\"locking up cryptocurrency to support a proof of stake blockchain, earning rewards in return.\"\n             id=\"term-staking\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Staking<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Mining &amp; Consensus<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Locking up cryptocurrency to support a Proof of Stake blockchain, earning rewards in return.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>When you stake ETH, SOL, ADA, you help secure the network. Rewards are typically 3-10% annually. Staking can be done directly (running a validator) or through exchanges and services.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Over $100 billion in crypto is currently staked across all PoS networks \u2014 earning holders billions annually.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"proof-of-stake\">Proof of Stake (PoS)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"validator\">Validator<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"apy-apr\">APY \/ APR<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"slashing\">Slashing<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"validator\"\n             data-cat=\"mining-consensus\" \n             data-diff=\"2\" \n             data-letter=\"V\"\n             data-term=\"validator\"\n             data-def=\"a node operator in pos who validates transactions and proposes new blocks in exchange for staking rewards.\"\n             id=\"term-validator\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Validator<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Mining &amp; Consensus<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A node operator in PoS who validates transactions and proposes new blocks in exchange for staking rewards.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Ethereum validators need 32 ETH staked. They&#039;re randomly selected to propose blocks. Malicious behavior or extended downtime results in slashing.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>There are over 1 million active validators on Ethereum \u2014 making it one of the most decentralized PoS networks.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"staking\">Staking<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"proof-of-stake\">Proof of Stake (PoS)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"slashing\">Slashing<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"node\">Node<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"halving\"\n             data-cat=\"mining-consensus\" \n             data-diff=\"1\" \n             data-letter=\"H\"\n             data-term=\"halving\"\n             data-def=\"a pre-programmed event where bitcoin&#039;s block reward is cut in half, occurring approximately every four years.\"\n             id=\"term-halving\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Halving<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Mining &amp; Consensus<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A pre-programmed event where Bitcoin&#039;s block reward is cut in half, occurring approximately every four years.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewBox=\"0 0 600 120\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"20\" y=\"20\" width=\"110\" height=\"55\" rx=\"8\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"75\" y=\"42\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"10\" font-weight=\"700\">2012<\/text><text x=\"75\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">50 \u2192 25 BTC<\/text><line x1=\"130\" y1=\"47\" x2=\"160\" y2=\"47\" stroke=\"#8A94A6\" stroke-width=\"1.5\"\/><rect x=\"160\" y=\"20\" width=\"110\" height=\"55\" rx=\"8\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"215\" y=\"42\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"10\" font-weight=\"700\">2016<\/text><text x=\"215\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">25 \u2192 12.5 BTC<\/text><line x1=\"270\" y1=\"47\" x2=\"300\" y2=\"47\" stroke=\"#8A94A6\" stroke-width=\"1.5\"\/><rect x=\"300\" y=\"20\" width=\"110\" height=\"55\" rx=\"8\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"355\" y=\"42\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"10\" font-weight=\"700\">2020<\/text><text x=\"355\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">12.5 \u2192 6.25 BTC<\/text><line x1=\"410\" y1=\"47\" x2=\"440\" y2=\"47\" stroke=\"#8A94A6\" stroke-width=\"1.5\"\/><rect x=\"440\" y=\"20\" width=\"120\" height=\"55\" rx=\"8\" fill=\"#1C2230\" stroke=\"#FBBF24\" stroke-width=\"2\"\/><text x=\"500\" y=\"42\" text-anchor=\"middle\" fill=\"#FBBF24\" font-size=\"10\" font-weight=\"700\">2024 \u2728<\/text><text x=\"500\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">6.25 \u2192 3.125 BTC<\/text><text x=\"300\" y=\"100\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Every ~4 years, Bitcoin's block reward is cut in half \u2014 increasing scarcity<\/text><text x=\"300\" y=\"115\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"9\" font-weight=\"600\">Historically followed by major price increases within 12-18 months<\/text><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>The most recent halving (April 2024) reduced the reward from 6.25 to 3.125 BTC. Halvings increase scarcity. Historically, major price increases have followed within 12-18 months.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>After the 2020 halving, Bitcoin&#039;s price increased from $8,700 to $69,000 within 18 months \u2014 a 690% gain.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"mining\">Mining<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"block-reward\">Block Reward<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"block-height\">Block Height<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/how-to-buy\/how-to-buy-bitcoin-btc\/\">\n                    \ud83d\udcd6 How to Buy Bitcoin                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"hash-rate\"\n             data-cat=\"mining-consensus\" \n             data-diff=\"2\" \n             data-letter=\"H\"\n             data-term=\"hash rate\"\n             data-def=\"the total computational power being used to mine and process transactions on a proof of work blockchain.\"\n             id=\"term-hash-rate\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Hash Rate<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Mining &amp; Consensus<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The total computational power being used to mine and process transactions on a Proof of Work blockchain.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Measured in hashes per second. Higher hash rate = more security. Bitcoin&#039;s hash rate has consistently increased, reaching record highs regularly.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Bitcoin&#039;s hash rate has increased over 10,000,000x since 2009 \u2014 from a single laptop to millions of specialized machines.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"mining\">Mining<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"proof-of-work\">Proof of Work (PoW)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"difficulty-adjustment\">Difficulty Adjustment<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"difficulty-adjustment\"\n             data-cat=\"mining-consensus\" \n             data-diff=\"3\" \n             data-letter=\"D\"\n             data-term=\"difficulty adjustment\"\n             data-def=\"an automatic change to mining difficulty that keeps block creation time consistent regardless of how many miners join or leave.\"\n             id=\"term-difficulty-adjustment\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Advanced\"><\/span>\n                    <span class=\"scg-gl-card-term\">Difficulty Adjustment<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Mining &amp; Consensus<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An automatic change to mining difficulty that keeps block creation time consistent regardless of how many miners join or leave.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Bitcoin adjusts every 2,016 blocks (~2 weeks). More miners = harder puzzles. Fewer miners = easier. This ensures ~10 minute blocks.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>China&#039;s 2021 mining ban caused the largest difficulty drop in Bitcoin&#039;s history (28%) \u2014 and the network recovered within months.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"hash-rate\">Hash Rate<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"mining\">Mining<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"proof-of-work\">Proof of Work (PoW)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"delegated-proof-of-stake\"\n             data-cat=\"mining-consensus\" \n             data-diff=\"3\" \n             data-letter=\"D\"\n             data-term=\"delegated proof of stake (dpos)\"\n             data-def=\"a pos variation where token holders vote to elect a fixed number of validators who produce blocks on their behalf.\"\n             id=\"term-delegated-proof-of-stake\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Advanced\"><\/span>\n                    <span class=\"scg-gl-card-term\">Delegated Proof of Stake (DPoS)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Mining &amp; Consensus<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A PoS variation where token holders vote to elect a fixed number of validators who produce blocks on their behalf.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Used by EOS and Tron. Faster and more efficient but sacrifices some decentralization \u2014 typically only 21-100 elected delegates.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>EOS&#039;s 21 block producers have been accused of forming cartels and vote-trading \u2014 a common criticism of DPoS.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"proof-of-stake\">Proof of Stake (PoS)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"validator\">Validator<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"consensus-mechanism\">Consensus Mechanism<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"finality\"\n             data-cat=\"mining-consensus\" \n             data-diff=\"3\" \n             data-letter=\"F\"\n             data-term=\"finality\"\n             data-def=\"the point at which a transaction is considered irreversible and permanently recorded.\"\n             id=\"term-finality\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Advanced\"><\/span>\n                    <span class=\"scg-gl-card-term\">Finality<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Mining &amp; Consensus<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The point at which a transaction is considered irreversible and permanently recorded.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Bitcoin: ~6 confirmations (~60 min). Ethereum: ~13 min (2 epochs). Solana: near-instant. Faster finality is better for UX but involves different security tradeoffs.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Visa settles in 1-3 business days. Bitcoin achieves cryptographic finality in ~60 minutes. Solana in under 1 second.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"consensus-mechanism\">Consensus Mechanism<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"block\">Block<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"epoch\">Epoch<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"block-reward\"\n             data-cat=\"mining-consensus\" \n             data-diff=\"1\" \n             data-letter=\"B\"\n             data-term=\"block reward\"\n             data-def=\"the cryptocurrency paid to a miner or validator for successfully adding a new block to the blockchain.\"\n             id=\"term-block-reward\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Block Reward<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Mining &amp; Consensus<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The cryptocurrency paid to a miner or validator for successfully adding a new block to the blockchain.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Bitcoin&#039;s reward started at 50 BTC, now 3.125 BTC after 4 halvings. On Ethereum, validators earn from newly minted ETH plus transaction fees.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The very first Bitcoin block reward (50 BTC) is worth over $3 million today \u2014 but can never be spent.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"mining\">Mining<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"halving\">Halving<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"validator\">Validator<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"51-percent-attack\"\n             data-cat=\"mining-consensus\" \n             data-diff=\"2\" \n             data-letter=\"#\"\n             data-term=\"51% attack\"\n             data-def=\"a theoretical attack where a single entity gains &gt;50% of mining power or staked tokens, allowing them to manipulate the ledger.\"\n             id=\"term-51-percent-attack\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">51% Attack<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Mining &amp; Consensus<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A theoretical attack where a single entity gains &gt;50% of mining power or staked tokens, allowing them to manipulate the ledger.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>With majority control, an attacker could double-spend coins or reverse transactions. For Bitcoin, this would cost billions \u2014 making it economically impractical.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>A 51% attack on Bitcoin would require ~$20 billion in mining hardware \u2014 more than the GDP of many countries.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"consensus-mechanism\">Consensus Mechanism<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"hash-rate\">Hash Rate<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"proof-of-work\">Proof of Work (PoW)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"decentralization\">Decentralization<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"nft\"\n             data-cat=\"nfts-tokens\" \n             data-diff=\"1\" \n             data-letter=\"N\"\n             data-term=\"nft (non-fungible token)\"\n             data-def=\"a unique digital token on a blockchain representing ownership of a specific item \u2014 artwork, music, in-game assets, or other content.\"\n             id=\"term-nft\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">NFT (Non-Fungible Token)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">NFTs &amp; Tokens<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A unique digital token on a blockchain representing ownership of a specific item \u2014 artwork, music, in-game assets, or other content.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Unlike Bitcoin where each unit is identical, each NFT is unique. NFTs exploded in 2021 with art sales reaching millions. Applications extend to gaming, real estate, ticketing, and identity.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The most expensive NFT ever sold (Beeple&#039;s &quot;Everydays&quot;) went for $69.3 million at Christie&#039;s auction house.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"fungible\">Fungible<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"token\">Token<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"erc-20\">ERC-20<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"fungible\"\n             data-cat=\"nfts-tokens\" \n             data-diff=\"2\" \n             data-letter=\"F\"\n             data-term=\"fungible\"\n             data-def=\"an asset where each unit is identical and interchangeable. one bitcoin equals any other bitcoin.\"\n             id=\"term-fungible\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Fungible<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">NFTs &amp; Tokens<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An asset where each unit is identical and interchangeable. One Bitcoin equals any other Bitcoin.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Fungibility is essential for a currency. Bitcoin and most cryptocurrencies are fungible. NFTs are non-fungible \u2014 each is unique.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Some privacy advocates argue Bitcoin isn&#039;t perfectly fungible because transaction history can &quot;taint&quot; certain coins.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"nft\">NFT (Non-Fungible Token)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"token\">Token<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"token\"\n             data-cat=\"nfts-tokens\" \n             data-diff=\"1\" \n             data-letter=\"T\"\n             data-term=\"token\"\n             data-def=\"a digital asset created on an existing blockchain rather than having its own. most defi and utility assets are tokens.\"\n             id=\"term-token\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Token<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">NFTs &amp; Tokens<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A digital asset created on an existing blockchain rather than having its own. Most DeFi and utility assets are tokens.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Tokens use standards like ERC-20 (Ethereum) or SPL (Solana). The distinction between &quot;coin&quot; (own blockchain) and &quot;token&quot; (built on another) is technical but often used interchangeably.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Over 500,000 different tokens have been created on Ethereum alone \u2014 the vast majority have zero value.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"erc-20\">ERC-20<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"altcoin\">Altcoin<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"tokenomics\">Tokenomics<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"erc-20\"\n             data-cat=\"nfts-tokens\" \n             data-diff=\"2\" \n             data-letter=\"E\"\n             data-term=\"erc-20\"\n             data-def=\"the standard for creating fungible tokens on ethereum. usdt, usdc, link, uni, and thousands more follow this standard.\"\n             id=\"term-erc-20\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">ERC-20<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">NFTs &amp; Tokens<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The standard for creating fungible tokens on Ethereum. USDT, USDC, LINK, UNI, and thousands more follow this standard.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>ERC-20 defines rules all Ethereum tokens must follow, ensuring compatibility with any wallet, exchange, or app that supports the standard.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The ERC-20 standard was proposed by Fabian Vogelsteller in 2015 \u2014 one technical document enabled trillions of dollars in token creation.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"token\">Token<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"smart-contract\">Smart Contract<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"altcoin\"\n             data-cat=\"nfts-tokens\" \n             data-diff=\"1\" \n             data-letter=\"A\"\n             data-term=\"altcoin\"\n             data-def=\"any cryptocurrency other than bitcoin. the term combines &quot;alternative&quot; and &quot;coin.&quot;\"\n             id=\"term-altcoin\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Altcoin<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">NFTs &amp; Tokens<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Any cryptocurrency other than Bitcoin. The term combines &quot;alternative&quot; and &quot;coin.&quot;<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Ethereum, Solana, Cardano are all technically altcoins. Typically refers to smaller-cap coins. Altcoins have higher volatility and risk but also higher potential upside.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Of the top 100 altcoins from 2017, fewer than 30 are still in the top 200 today \u2014 illustrating the high failure rate.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"meme-coin\">Meme Coin<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"market-capitalization\">Market Capitalization<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"token\">Token<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"meme-coin\"\n             data-cat=\"nfts-tokens\" \n             data-diff=\"1\" \n             data-letter=\"M\"\n             data-term=\"meme coin\"\n             data-def=\"a cryptocurrency inspired by internet memes, typically with no underlying technology beyond community enthusiasm.\"\n             id=\"term-meme-coin\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Meme Coin<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">NFTs &amp; Tokens<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A cryptocurrency inspired by internet memes, typically with no underlying technology beyond community enthusiasm.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Dogecoin and Shiba Inu are the most well-known. They experience extreme volatility driven by social media. The vast majority go to zero.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Dogecoin was created in 2 hours as a joke \u2014 it&#039;s now worth over $20 billion, more than many real companies.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"altcoin\">Altcoin<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"fomo\">FOMO<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"volatility\">Volatility<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"aping-in\">Aping In<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/how-to-buy\/how-to-buy-dogecoin-doge\/\">\n                    \ud83d\udcd6 How to Buy Dogecoin                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"utility-token\"\n             data-cat=\"nfts-tokens\" \n             data-diff=\"2\" \n             data-letter=\"U\"\n             data-term=\"utility token\"\n             data-def=\"a token that provides access to a specific product, service, or feature within a blockchain ecosystem.\"\n             id=\"term-utility-token\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Utility Token<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">NFTs &amp; Tokens<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A token that provides access to a specific product, service, or feature within a blockchain ecosystem.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>BNB provides Binance fee discounts. LINK pays Chainlink oracles. FIL pays for Filecoin storage. Value derives from actual usage.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>BNB started as just a fee discount token \u2014 it now powers an entire blockchain ecosystem worth over $80 billion.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"governance-token\">Governance Token<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"security-token\">Security Token<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"tokenomics\">Tokenomics<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"security-token\"\n             data-cat=\"nfts-tokens\" \n             data-diff=\"3\" \n             data-letter=\"S\"\n             data-term=\"security token\"\n             data-def=\"a digital token representing ownership in a real-world asset like equity or real estate, subject to securities regulations.\"\n             id=\"term-security-token\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Advanced\"><\/span>\n                    <span class=\"scg-gl-card-term\">Security Token<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">NFTs &amp; Tokens<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A digital token representing ownership in a real-world asset like equity or real estate, subject to securities regulations.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Regulated financial instruments that must comply with securities laws. Could make stocks, bonds, and real estate more accessible and tradable 24\/7.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The first tokenized US Treasury bills appeared in 2023 \u2014 by 2025, over $2 billion in real-world assets had been tokenized.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"sec\">SEC (Securities and Exchange Commission)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"howey-test\">Howey Test<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"utility-token\">Utility Token<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"token-burn\"\n             data-cat=\"nfts-tokens\" \n             data-diff=\"2\" \n             data-letter=\"T\"\n             data-term=\"token burn\"\n             data-def=\"permanently removing tokens from circulation by sending them to an inaccessible address, reducing total supply.\"\n             id=\"term-token-burn\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Token Burn<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">NFTs &amp; Tokens<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Permanently removing tokens from circulation by sending them to an inaccessible address, reducing total supply.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Burns create deflationary pressure. Ethereum burns a portion of transaction fees (EIP-1559). Binance periodically burns BNB.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Ethereum has burned over 4 million ETH since EIP-1559 \u2014 worth over $10 billion at current prices.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"tokenomics\">Tokenomics<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"erc-20\">ERC-20<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"airdrop\"\n             data-cat=\"nfts-tokens\" \n             data-diff=\"1\" \n             data-letter=\"A\"\n             data-term=\"airdrop\"\n             data-def=\"free distribution of tokens to wallet addresses, typically as marketing or a reward for early users.\"\n             id=\"term-airdrop\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Airdrop<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">NFTs &amp; Tokens<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Free distribution of tokens to wallet addresses, typically as marketing or a reward for early users.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Uniswap&#039;s 2020 airdrop gave 400 UNI to anyone who had used the protocol. Airdrops incentivize early adoption. Be cautious of unsolicited airdrops \u2014 some are phishing vectors.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The Uniswap airdrop gave away $1,200+ per user \u2014 some power users with multiple wallets received over $100,000.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"defi\">DeFi (Decentralized Finance)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dex\">DEX (Decentralized Exchange)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"tokenomics\">Tokenomics<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"tokenomics\"\n             data-cat=\"nfts-tokens\" \n             data-diff=\"2\" \n             data-letter=\"T\"\n             data-term=\"tokenomics\"\n             data-def=\"the economic model of a cryptocurrency \u2014 supply, distribution, inflation\/deflation, utility, and incentives.\"\n             id=\"term-tokenomics\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Tokenomics<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">NFTs &amp; Tokens<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The economic model of a cryptocurrency \u2014 supply, distribution, inflation\/deflation, utility, and incentives.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewBox=\"0 0 600 110\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"20\" y=\"15\" width=\"130\" height=\"80\" rx=\"8\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"85\" y=\"38\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"10\" font-weight=\"700\">Supply<\/text><text x=\"85\" y=\"55\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"8\">Fixed? Inflationary?<\/text><text x=\"85\" y=\"70\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">BTC: 21M cap<\/text><text x=\"85\" y=\"82\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">ETH: no cap<\/text><rect x=\"170\" y=\"15\" width=\"130\" height=\"80\" rx=\"8\" fill=\"#1C2230\" stroke=\"#38BDF8\" stroke-width=\"2\"\/><text x=\"235\" y=\"38\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"10\" font-weight=\"700\">Distribution<\/text><text x=\"235\" y=\"55\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"8\">Who holds what %?<\/text><text x=\"235\" y=\"70\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">Team, investors,<\/text><text x=\"235\" y=\"82\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">community, treasury<\/text><rect x=\"320\" y=\"15\" width=\"130\" height=\"80\" rx=\"8\" fill=\"#1C2230\" stroke=\"#FBBF24\" stroke-width=\"2\"\/><text x=\"385\" y=\"38\" text-anchor=\"middle\" fill=\"#FBBF24\" font-size=\"10\" font-weight=\"700\">Utility<\/text><text x=\"385\" y=\"55\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"8\">What is it used for?<\/text><text x=\"385\" y=\"70\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">Gas, governance,<\/text><text x=\"385\" y=\"82\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">staking, access<\/text><rect x=\"470\" y=\"15\" width=\"110\" height=\"80\" rx=\"8\" fill=\"#1C2230\" stroke=\"#A78BFA\" stroke-width=\"2\"\/><text x=\"525\" y=\"38\" text-anchor=\"middle\" fill=\"#A78BFA\" font-size=\"10\" font-weight=\"700\">Vesting<\/text><text x=\"525\" y=\"55\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"8\">When can<\/text><text x=\"525\" y=\"70\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">insiders sell?<\/text><text x=\"525\" y=\"82\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">Cliff + schedule<\/text><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Key factors: total supply (capped like BTC at 21M, or inflationary?), distribution (how much do founders hold?), vesting schedules, and utility.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Bitcoin&#039;s tokenomics are considered the most elegant: fixed supply, predictable issuance, no pre-mine, no founder allocation.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"token-burn\">Token Burn<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"vesting\">Vesting<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"halving\">Halving<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"vesting\"\n             data-cat=\"nfts-tokens\" \n             data-diff=\"2\" \n             data-letter=\"V\"\n             data-term=\"vesting\"\n             data-def=\"a schedule that gradually releases tokens to team members and investors over time rather than all at once.\"\n             id=\"term-vesting\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Vesting<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">NFTs &amp; Tokens<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A schedule that gradually releases tokens to team members and investors over time rather than all at once.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Prevents insiders from dumping immediately. Typical: 1-year cliff, then monthly releases over 2-3 years. Token unlocks can create selling pressure.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Some of the largest price drops in altcoin history have occurred on major token unlock dates \u2014 savvy traders track these closely.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"tokenomics\">Tokenomics<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"token-burn\">Token Burn<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"whitepaper\"\n             data-cat=\"nfts-tokens\" \n             data-diff=\"1\" \n             data-letter=\"W\"\n             data-term=\"whitepaper\"\n             data-def=\"a detailed technical document explaining a crypto project&#039;s technology, use case, tokenomics, and roadmap.\"\n             id=\"term-whitepaper\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Whitepaper<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">NFTs &amp; Tokens<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A detailed technical document explaining a crypto project&#039;s technology, use case, tokenomics, and roadmap.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Bitcoin&#039;s whitepaper by Satoshi Nakamoto (2008) is the most famous. Reading the whitepaper is essential research before investing. Projects without one should be viewed skeptically.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Bitcoin&#039;s whitepaper is just 9 pages long \u2014 arguably the most impactful 9 pages in financial history.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"tokenomics\">Tokenomics<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dyor\">DYOR (Do Your Own Research)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"stablecoin\"\n             data-cat=\"stablecoins\" \n             data-diff=\"1\" \n             data-letter=\"S\"\n             data-term=\"stablecoin\"\n             data-def=\"a cryptocurrency designed to maintain a stable value, typically pegged 1:1 to the us dollar.\"\n             id=\"term-stablecoin\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Stablecoin<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Stablecoins<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A cryptocurrency designed to maintain a stable value, typically pegged 1:1 to the US dollar.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewBox=\"0 0 600 110\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"20\" y=\"15\" width=\"170\" height=\"80\" rx=\"10\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"105\" y=\"38\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"10\" font-weight=\"700\">Fiat-Backed \u2713<\/text><text x=\"105\" y=\"55\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">USDT, USDC<\/text><text x=\"105\" y=\"70\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">Backed by real $USD<\/text><text x=\"105\" y=\"83\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">Most trusted model<\/text><rect x=\"215\" y=\"15\" width=\"170\" height=\"80\" rx=\"10\" fill=\"#1C2230\" stroke=\"#38BDF8\" stroke-width=\"2\"\/><text x=\"300\" y=\"38\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"10\" font-weight=\"700\">Crypto-Backed \u2713<\/text><text x=\"300\" y=\"55\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">DAI (MakerDAO)<\/text><text x=\"300\" y=\"70\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">Over-collateralized<\/text><text x=\"300\" y=\"83\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">Decentralized<\/text><rect x=\"410\" y=\"15\" width=\"170\" height=\"80\" rx=\"10\" fill=\"#1C2230\" stroke=\"#F87171\" stroke-width=\"2\"\/><text x=\"495\" y=\"38\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"10\" font-weight=\"700\">Algorithmic \u2717<\/text><text x=\"495\" y=\"55\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">TerraUSD (collapsed)<\/text><text x=\"495\" y=\"70\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">No real backing<\/text><text x=\"495\" y=\"83\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"8\">\u26a0 High risk of failure<\/text><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Three types: fiat-backed (USDT, USDC), crypto-backed (DAI), and algorithmic (risky \u2014 see TerraUSD). Stablecoins solve volatility for payments and trading.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Stablecoins process more transaction volume than Visa and Mastercard combined on an annualized basis.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"usdt\">USDT (Tether)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"usdc\">USDC (USD Coin)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dai\">DAI<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"depeg\">Depeg<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"usdt\"\n             data-cat=\"stablecoins\" \n             data-diff=\"1\" \n             data-letter=\"U\"\n             data-term=\"usdt (tether)\"\n             data-def=\"the largest stablecoin by market cap, issued by tether limited and pegged to the us dollar.\"\n             id=\"term-usdt\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">USDT (Tether)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Stablecoins<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The largest stablecoin by market cap, issued by Tether Limited and pegged to the US dollar.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>More traded by volume than Bitcoin. Available on virtually every exchange. Tether has faced scrutiny about reserve backing.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>USDT&#039;s market cap exceeds $140 billion \u2014 larger than the GDP of over 100 countries.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"stablecoin\">Stablecoin<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"usdc\">USDC (USD Coin)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"fiat-backed\">Fiat-Backed<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"usdc\"\n             data-cat=\"stablecoins\" \n             data-diff=\"1\" \n             data-letter=\"U\"\n             data-term=\"usdc (usd coin)\"\n             data-def=\"a regulated stablecoin issued by circle, backed by cash and short-term us treasury bonds.\"\n             id=\"term-usdc\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">USDC (USD Coin)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Stablecoins<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A regulated stablecoin issued by Circle, backed by cash and short-term US Treasury bonds.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>More transparent than USDT \u2014 Circle publishes regular attestation reports. Preferred by institutions and regulatory-conscious users.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>USDC briefly depegged to $0.87 when Silicon Valley Bank collapsed in March 2023 \u2014 it held $3.3B of reserves there.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"stablecoin\">Stablecoin<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"usdt\">USDT (Tether)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"depeg\">Depeg<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"dai\"\n             data-cat=\"stablecoins\" \n             data-diff=\"2\" \n             data-letter=\"D\"\n             data-term=\"dai\"\n             data-def=\"a decentralized stablecoin created by makerdao, backed by over-collateralized crypto assets.\"\n             id=\"term-dai\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">DAI<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Stablecoins<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A decentralized stablecoin created by MakerDAO, backed by over-collateralized crypto assets.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Unlike corporate-issued stablecoins, DAI is generated through smart contracts. Users deposit collateral worth 150%+ of the DAI they mint.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>DAI has maintained its $1 peg through multiple market crashes \u2014 proving decentralized stablecoins can work.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"stablecoin\">Stablecoin<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"collateral\">Collateral<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dao\">DAO (Decentralized Autonomous Organization)<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/how-to-buy\/how-to-buy-maker-mkr\/\">\n                    \ud83d\udcd6 How to Buy Maker (MKR)                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"depeg\"\n             data-cat=\"stablecoins\" \n             data-diff=\"2\" \n             data-letter=\"D\"\n             data-term=\"depeg\"\n             data-def=\"when a stablecoin loses its peg and trades significantly above or below $1.00.\"\n             id=\"term-depeg\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Depeg<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Stablecoins<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">When a stablecoin loses its peg and trades significantly above or below $1.00.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>The most catastrophic depeg was TerraUSD in May 2022 \u2014 from $1.00 to ~$0, wiping out ~$40 billion. Even major stablecoins have briefly depegged.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The TerraUSD collapse triggered a chain reaction that took down Three Arrows Capital, Celsius, Voyager, and ultimately FTX.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"stablecoin\">Stablecoin<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"algorithmic-stablecoin\">Algorithmic Stablecoin<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"algorithmic-stablecoin\"\n             data-cat=\"stablecoins\" \n             data-diff=\"3\" \n             data-letter=\"A\"\n             data-term=\"algorithmic stablecoin\"\n             data-def=\"a stablecoin that maintains its peg through automated supply adjustments rather than holding reserves.\"\n             id=\"term-algorithmic-stablecoin\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Advanced\"><\/span>\n                    <span class=\"scg-gl-card-term\">Algorithmic Stablecoin<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Stablecoins<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A stablecoin that maintains its peg through automated supply adjustments rather than holding reserves.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Elegant in theory but catastrophic in practice \u2014 TerraUSD&#039;s death spiral destroyed $40 billion. Most investors now view them with extreme skepticism.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>After TerraUSD, several countries fast-tracked stablecoin regulations specifically to ban or restrict algorithmic designs.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"stablecoin\">Stablecoin<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"depeg\">Depeg<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"fiat-backed\"\n             data-cat=\"stablecoins\" \n             data-diff=\"2\" \n             data-letter=\"F\"\n             data-term=\"fiat-backed\"\n             data-def=\"a stablecoin backed by actual fiat currency, cash deposits, or cash-equivalent reserves like government bonds.\"\n             id=\"term-fiat-backed\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Fiat-Backed<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Stablecoins<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A stablecoin backed by actual fiat currency, cash deposits, or cash-equivalent reserves like government bonds.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>USDT and USDC are fiat-backed. Trust depends on reserve quality and transparency. The key question: if everyone redeemed at once, are reserves actually there?<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Tether&#039;s reserve composition has been a controversial topic since 2017 \u2014 they now publish quarterly attestations showing primarily US Treasury bills.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"stablecoin\">Stablecoin<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"usdt\">USDT (Tether)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"usdc\">USDC (USD Coin)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"cbdc\"\n             data-cat=\"stablecoins\" \n             data-diff=\"2\" \n             data-letter=\"C\"\n             data-term=\"cbdc (central bank digital currency)\"\n             data-def=\"a digital currency issued directly by a country&#039;s central bank \u2014 a digital form of national currency.\"\n             id=\"term-cbdc\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">CBDC (Central Bank Digital Currency)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Stablecoins<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A digital currency issued directly by a country&#039;s central bank \u2014 a digital form of national currency.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Not cryptocurrencies \u2014 centralized, government-controlled. China&#039;s digital yuan is most advanced. Offers payment efficiency but raises major privacy concerns.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Over 130 countries (representing 98% of global GDP) are exploring CBDCs \u2014 but fewer than 10 have actually launched one.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"stablecoin\">Stablecoin<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"sec\"\n             data-cat=\"regulation\" \n             data-diff=\"2\" \n             data-letter=\"S\"\n             data-term=\"sec (securities and exchange commission)\"\n             data-def=\"the us federal agency regulating securities markets, which has increasingly asserted jurisdiction over cryptocurrency.\"\n             id=\"term-sec\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">SEC (Securities and Exchange Commission)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Regulation<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The US federal agency regulating securities markets, which has increasingly asserted jurisdiction over cryptocurrency.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>The SEC approved spot Bitcoin ETFs (Jan 2024) and Ethereum ETFs \u2014 landmark decisions. It has also sued multiple crypto projects, arguing many tokens are securities.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The SEC&#039;s lawsuit against Ripple (XRP) lasted over 3 years and became the most closely watched crypto legal case in history.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"howey-test\">Howey Test<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"etf\">ETF (Exchange-Traded Fund)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"security-token\">Security Token<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"howey-test\"\n             data-cat=\"regulation\" \n             data-diff=\"3\" \n             data-letter=\"H\"\n             data-term=\"howey test\"\n             data-def=\"the sec&#039;s test for whether something is a security: (1) investment of money, (2) common enterprise, (3) expectation of profits, (4) from others&#039; efforts.\"\n             id=\"term-howey-test\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Advanced\"><\/span>\n                    <span class=\"scg-gl-card-term\">Howey Test<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Regulation<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The SEC&#039;s test for whether something is a security: (1) investment of money, (2) common enterprise, (3) expectation of profits, (4) from others&#039; efforts.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Many token sales arguably meet all four criteria. Whether specific tokens are securities remains actively debated in courts.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The Howey Test dates from a 1946 Supreme Court case about Florida orange groves \u2014 now it determines the fate of billion-dollar crypto projects.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"sec\">SEC (Securities and Exchange Commission)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"security-token\">Security Token<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"etf\">ETF (Exchange-Traded Fund)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"etf\"\n             data-cat=\"regulation\" \n             data-diff=\"1\" \n             data-letter=\"E\"\n             data-term=\"etf (exchange-traded fund)\"\n             data-def=\"an investment fund traded on stock exchanges. spot bitcoin and ethereum etfs allow traditional investors to gain crypto exposure.\"\n             id=\"term-etf\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">ETF (Exchange-Traded Fund)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Regulation<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An investment fund traded on stock exchanges. Spot Bitcoin and Ethereum ETFs allow traditional investors to gain crypto exposure.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>SEC approved spot Bitcoin ETFs in January 2024. BlackRock and Fidelity launched the largest ones. ~$110 billion flowed in during the first year.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>BlackRock&#039;s Bitcoin ETF (IBIT) became the fastest ETF in history to reach $50 billion in assets \u2014 in under 6 months.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"sec\">SEC (Securities and Exchange Commission)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"market-capitalization\">Market Capitalization<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"mica\"\n             data-cat=\"regulation\" \n             data-diff=\"3\" \n             data-letter=\"M\"\n             data-term=\"mica (markets in crypto-assets)\"\n             data-def=\"the eu&#039;s comprehensive regulatory framework for crypto assets \u2014 the first of its kind globally.\"\n             id=\"term-mica\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Advanced\"><\/span>\n                    <span class=\"scg-gl-card-term\">MiCA (Markets in Crypto-Assets)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Regulation<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The EU&#039;s comprehensive regulatory framework for crypto assets \u2014 the first of its kind globally.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Establishes rules for service providers, stablecoin issuers, exchange licensing, and consumer protection. Took effect through 2024-2025.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>MiCA is 150 pages long \u2014 making it the most detailed piece of crypto-specific legislation ever written.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"sec\">SEC (Securities and Exchange Commission)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"kyc\">KYC (Know Your Customer)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"aml\">AML (Anti-Money Laundering)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"sanctions\"\n             data-cat=\"regulation\" \n             data-diff=\"3\" \n             data-letter=\"S\"\n             data-term=\"sanctions\"\n             data-def=\"government restrictions prohibiting certain countries, entities, or individuals from accessing financial services including crypto.\"\n             id=\"term-sanctions\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Advanced\"><\/span>\n                    <span class=\"scg-gl-card-term\">Sanctions<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Regulation<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Government restrictions prohibiting certain countries, entities, or individuals from accessing financial services including crypto.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Major exchanges comply with international sanctions. Tornado Cash, a privacy protocol, was sanctioned by the US Treasury in 2022.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The sanctioning of Tornado Cash (open-source code) sparked intense debate about whether you can sanction software.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"aml\">AML (Anti-Money Laundering)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"kyc\">KYC (Know Your Customer)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"taxable-event\"\n             data-cat=\"regulation\" \n             data-diff=\"2\" \n             data-letter=\"T\"\n             data-term=\"taxable event\"\n             data-def=\"an action triggering a tax obligation. selling crypto, trading one for another, and earning yield are typically taxable.\"\n             id=\"term-taxable-event\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Taxable Event<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Regulation<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An action triggering a tax obligation. Selling crypto, trading one for another, and earning yield are typically taxable.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Simply buying and holding is not taxable in most jurisdictions. Tax rules vary by country. Keep detailed records of all transactions.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The IRS estimates that less than 50% of US crypto holders accurately report their crypto taxes.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"capital-gains-tax\">Capital Gains Tax<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"capital-gains-tax\"\n             data-cat=\"regulation\" \n             data-diff=\"2\" \n             data-letter=\"C\"\n             data-term=\"capital gains tax\"\n             data-def=\"tax on profit from selling an asset for more than you paid. crypto profits are subject to capital gains tax in most countries.\"\n             id=\"term-capital-gains-tax\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Capital Gains Tax<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Regulation<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Tax on profit from selling an asset for more than you paid. Crypto profits are subject to capital gains tax in most countries.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Short-term gains (held &lt;1 year) taxed at higher rates. Some countries (Germany) exempt gains held &gt;1 year. Consult a tax professional.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Germany&#039;s 1-year holding exemption has made it one of the most crypto-friendly tax jurisdictions in the world.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"taxable-event\">Taxable Event<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"travel-rule\"\n             data-cat=\"regulation\" \n             data-diff=\"3\" \n             data-letter=\"T\"\n             data-term=\"travel rule\"\n             data-def=\"a regulation requiring exchanges to share sender and recipient information for transactions above certain thresholds.\"\n             id=\"term-travel-rule\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Advanced\"><\/span>\n                    <span class=\"scg-gl-card-term\">Travel Rule<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Regulation<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A regulation requiring exchanges to share sender and recipient information for transactions above certain thresholds.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Extended to crypto by FATF in 2019. Requires identifying info for transfers above $1,000 in many jurisdictions.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The Travel Rule was originally designed for banks in 1996 \u2014 it took 23 years to extend it to crypto.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"kyc\">KYC (Know Your Customer)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"aml\">AML (Anti-Money Laundering)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"defi-regulation\"\n             data-cat=\"regulation\" \n             data-diff=\"3\" \n             data-letter=\"D\"\n             data-term=\"defi regulation\"\n             data-def=\"the evolving legal framework around decentralized finance protocols that operate without central operators.\"\n             id=\"term-defi-regulation\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Advanced\"><\/span>\n                    <span class=\"scg-gl-card-term\">DeFi Regulation<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Regulation<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The evolving legal framework around decentralized finance protocols that operate without central operators.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Regulating DeFi is uniquely challenging: no company to regulate, no central control, and protocols can be deployed anonymously.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The SEC has argued that even &quot;decentralized&quot; protocols have identifiable developers who can be held accountable.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"defi\">DeFi (Decentralized Finance)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"sec\">SEC (Securities and Exchange Commission)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dao\">DAO (Decentralized Autonomous Organization)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"sro\"\n             data-cat=\"regulation\" \n             data-diff=\"3\" \n             data-letter=\"S\"\n             data-term=\"self-regulatory organization (sro)\"\n             data-def=\"an industry body creating and enforcing standards for its members without direct government mandate.\"\n             id=\"term-sro\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Advanced\"><\/span>\n                    <span class=\"scg-gl-card-term\">Self-Regulatory Organization (SRO)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Regulation<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An industry body creating and enforcing standards for its members without direct government mandate.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Proposed as an alternative to heavy government regulation. Exchanges would self-regulate through agreed-upon standards.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>FINRA serves as an SRO for traditional brokerages \u2014 no equivalent exists yet for crypto, though several have been proposed.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"sec\">SEC (Securities and Exchange Commission)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"kyc\">KYC (Know Your Customer)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"cryptography\"\n             data-cat=\"technical\" \n             data-diff=\"2\" \n             data-letter=\"C\"\n             data-term=\"cryptography\"\n             data-def=\"the mathematical science of encoding information that underpins all cryptocurrency \u2014 securing transactions, generating keys, and creating signatures.\"\n             id=\"term-cryptography\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Cryptography<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Technical<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The mathematical science of encoding information that underpins all cryptocurrency \u2014 securing transactions, generating keys, and creating signatures.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Blockchain uses hash functions (SHA-256), public-key cryptography, and Merkle trees. You don&#039;t need to understand the math, but knowing cryptography is the foundation is important.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The cryptography protecting Bitcoin is the same type used by militaries and intelligence agencies worldwide.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"hash-function\">Hash Function<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"private-key\">Private Key<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"public-key\">Public Key<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"hash-function\"\n             data-cat=\"technical\" \n             data-diff=\"3\" \n             data-letter=\"H\"\n             data-term=\"hash function\"\n             data-def=\"a mathematical function converting any input into a fixed-length string. same input always produces same output, but output cannot reveal input.\"\n             id=\"term-hash-function\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Advanced\"><\/span>\n                    <span class=\"scg-gl-card-term\">Hash Function<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Technical<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A mathematical function converting any input into a fixed-length string. Same input always produces same output, but output cannot reveal input.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Bitcoin uses SHA-256; Ethereum uses Keccak-256. Used to link blocks, create addresses, and verify data. Mining is essentially searching for a hash meeting specific criteria.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>SHA-256 produces a 256-bit output \u2014 there are more possible outputs than atoms in the observable universe.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"cryptography\">Cryptography<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"mining\">Mining<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"merkle-tree\">Merkle Tree<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"merkle-tree\"\n             data-cat=\"technical\" \n             data-diff=\"3\" \n             data-letter=\"M\"\n             data-term=\"merkle tree\"\n             data-def=\"a data structure allowing efficient verification of large datasets by organizing hashes in a tree hierarchy.\"\n             id=\"term-merkle-tree\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Advanced\"><\/span>\n                    <span class=\"scg-gl-card-term\">Merkle Tree<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Technical<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A data structure allowing efficient verification of large datasets by organizing hashes in a tree hierarchy.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>You can prove a transaction is included in a block without downloading all transactions. Essential for light clients like mobile wallets.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Named after Ralph Merkle, who patented the concept in 1979 \u2014 decades before Bitcoin existed.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"hash-function\">Hash Function<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"block\">Block<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"node\">Node<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"zero-knowledge-proof\"\n             data-cat=\"technical\" \n             data-diff=\"3\" \n             data-letter=\"Z\"\n             data-term=\"zero-knowledge proof (zkp)\"\n             data-def=\"a cryptographic method allowing one party to prove knowledge of something without revealing the information itself.\"\n             id=\"term-zero-knowledge-proof\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Advanced\"><\/span>\n                    <span class=\"scg-gl-card-term\">Zero-Knowledge Proof (ZKP)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Technical<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A cryptographic method allowing one party to prove knowledge of something without revealing the information itself.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>ZKPs enable both privacy and scalability. ZK-rollups process transactions off-chain and submit validity proofs to the main chain.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The concept of zero-knowledge proofs was first described in 1985 \u2014 it took nearly 40 years before practical implementations appeared in blockchain.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"rollup\">Rollup<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"layer-2\">Layer 2 (L2)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"cryptography\">Cryptography<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"rollup\"\n             data-cat=\"technical\" \n             data-diff=\"2\" \n             data-letter=\"R\"\n             data-term=\"rollup\"\n             data-def=\"a layer 2 scaling solution processing transactions off the main chain and posting compressed data back to layer 1.\"\n             id=\"term-rollup\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">Rollup<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Technical<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A Layer 2 scaling solution processing transactions off the main chain and posting compressed data back to Layer 1.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Optimistic rollups (Arbitrum, Optimism) assume transactions are valid unless challenged. ZK-rollups (zkSync) generate cryptographic proofs. Both dramatically reduce costs.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Rollups can reduce Ethereum transaction costs by 10-100x while inheriting Ethereum&#039;s security guarantees.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"layer-2\">Layer 2 (L2)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"zero-knowledge-proof\">Zero-Knowledge Proof (ZKP)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"gas\">Gas<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/how-to-buy\/how-to-buy-optimism-op\/\">\n                    \ud83d\udcd6 How to Buy Optimism                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"sharding\"\n             data-cat=\"technical\" \n             data-diff=\"3\" \n             data-letter=\"S\"\n             data-term=\"sharding\"\n             data-def=\"a scaling technique splitting a blockchain into parallel chains (shards), each processing a portion of transactions.\"\n             id=\"term-sharding\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Advanced\"><\/span>\n                    <span class=\"scg-gl-card-term\">Sharding<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Technical<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A scaling technique splitting a blockchain into parallel chains (shards), each processing a portion of transactions.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Allows processing many transactions simultaneously. Ethereum&#039;s roadmap includes danksharding optimized for rollup data availability.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Sharding was originally a database scaling technique from the 1990s \u2014 blockchain engineers borrowed and adapted the concept.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"layer-1\">Layer 1 (L1)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"data-availability\">Data Availability<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"rollup\">Rollup<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"data-availability\"\n             data-cat=\"technical\" \n             data-diff=\"3\" \n             data-letter=\"D\"\n             data-term=\"data availability\"\n             data-def=\"the guarantee that data needed to verify a block is accessible to network participants.\"\n             id=\"term-data-availability\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Advanced\"><\/span>\n                    <span class=\"scg-gl-card-term\">Data Availability<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Technical<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The guarantee that data needed to verify a block is accessible to network participants.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Critical for rollup security. Projects like Celestia specialize in providing data availability as a service.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Celestia&#039;s &quot;modular blockchain&quot; thesis \u2014 separating data availability from execution \u2014 has spawned an entire new category of blockchain projects.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"rollup\">Rollup<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"layer-1\">Layer 1 (L1)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"sharding\">Sharding<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/how-to-buy\/how-to-buy-celestia-tia\/\">\n                    \ud83d\udcd6 How to Buy Celestia                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"depin\"\n             data-cat=\"technical\" \n             data-diff=\"2\" \n             data-letter=\"D\"\n             data-term=\"depin (decentralized physical infrastructure)\"\n             data-def=\"blockchain networks incentivizing the creation of real-world physical infrastructure through token rewards.\"\n             id=\"term-depin\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Intermediate\"><\/span>\n                    <span class=\"scg-gl-card-term\">DePIN (Decentralized Physical Infrastructure)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Technical<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Blockchain networks incentivizing the creation of real-world physical infrastructure through token rewards.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Filecoin for storage, Helium for wireless, Render for GPU computing, Hivemapper for mapping. Uses crypto economics to crowdsource infrastructure.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Helium has deployed over 900,000 wireless hotspots in 190+ countries \u2014 all by individuals incentivized by token rewards, not by a telecom company.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"token\">Token<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"mining\">Mining<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"staking\">Staking<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/how-to-buy\/how-to-buy-filecoin-fil\/\">\n                    \ud83d\udcd6 How to Buy Filecoin                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"mev\"\n             data-cat=\"technical\" \n             data-diff=\"3\" \n             data-letter=\"M\"\n             data-term=\"mev (maximal extractable value)\"\n             data-def=\"the maximum profit a block producer can extract by reordering, including, or excluding transactions within a block.\"\n             id=\"term-mev\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Advanced\"><\/span>\n                    <span class=\"scg-gl-card-term\">MEV (Maximal Extractable Value)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Technical<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The maximum profit a block producer can extract by reordering, including, or excluding transactions within a block.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Sometimes called an &quot;invisible tax.&quot; Validators can front-run trades, sandwich attack users, or arbitrage between DEXs. MEV-protection tools like Flashbots help.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Over $600 million in MEV has been extracted from Ethereum users since 2020 \u2014 most users had no idea it was happening.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"validator\">Validator<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dex\">DEX (Decentralized Exchange)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"gas\">Gas<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"rpc\"\n             data-cat=\"technical\" \n             data-diff=\"3\" \n             data-letter=\"R\"\n             data-term=\"rpc (remote procedure call)\"\n             data-def=\"a protocol allowing applications to communicate with blockchain nodes to submit transactions and query data.\"\n             id=\"term-rpc\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Advanced\"><\/span>\n                    <span class=\"scg-gl-card-term\">RPC (Remote Procedure Call)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Technical<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A protocol allowing applications to communicate with blockchain nodes to submit transactions and query data.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>MetaMask connects through an RPC provider (Infura, Alchemy). If the provider goes down, wallets and dApps stop working.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>When Infura had an outage in 2020, MetaMask and many Ethereum dApps went down \u2014 highlighting the hidden centralization in &quot;decentralized&quot; apps.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"node\">Node<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"software-wallet\">Software Wallet<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"sybil-attack\"\n             data-cat=\"technical\" \n             data-diff=\"3\" \n             data-letter=\"S\"\n             data-term=\"sybil attack\"\n             data-def=\"an attack where a single entity creates many fake identities to gain disproportionate influence.\"\n             id=\"term-sybil-attack\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Advanced\"><\/span>\n                    <span class=\"scg-gl-card-term\">Sybil Attack<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Technical<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An attack where a single entity creates many fake identities to gain disproportionate influence.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Can target airdrops, governance votes, or consensus. PoW and PoS resist this because participation requires real resources.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Named after the book &quot;Sybil&quot; about a woman with multiple personalities \u2014 fitting for an attack based on fake identities.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"airdrop\">Airdrop<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dao\">DAO (Decentralized Autonomous Organization)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"consensus-mechanism\">Consensus Mechanism<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"epoch\"\n             data-cat=\"technical\" \n             data-diff=\"3\" \n             data-letter=\"E\"\n             data-term=\"epoch\"\n             data-def=\"a fixed time period used by blockchains to organize validator rotations, reward distributions, and consensus rounds.\"\n             id=\"term-epoch\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Advanced\"><\/span>\n                    <span class=\"scg-gl-card-term\">Epoch<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Technical<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A fixed time period used by blockchains to organize validator rotations, reward distributions, and consensus rounds.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>On Ethereum, an epoch = 32 slots (~6.4 minutes). Finality is achieved after 2 epochs (~13 minutes). Helps organize PoS coordination.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Ethereum processes about 225 epochs per day \u2014 each one shuffles validators and distributes rewards.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"validator\">Validator<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"finality\">Finality<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"proof-of-stake\">Proof of Stake (PoS)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"hodl\"\n             data-cat=\"culture\" \n             data-diff=\"1\" \n             data-letter=\"H\"\n             data-term=\"hodl\"\n             data-def=\"a misspelling of &quot;hold&quot; that became crypto slang for holding long-term regardless of price drops.\"\n             id=\"term-hodl\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">HODL<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Culture<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A misspelling of &quot;hold&quot; that became crypto slang for holding long-term regardless of price drops.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>From a 2013 Bitcoin forum post: &quot;I AM HODLING.&quot; Reflects the strategy of refusing to sell during bear markets, believing long-term holding outperforms trading.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The original &quot;I AM HODLING&quot; post was written while Bitcoin dropped from $716 to $438 \u2014 it&#039;s now worth over $67,000.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"diamond-hands\">Diamond Hands<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"bear-market\">Bear Market<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dollar-cost-averaging\">Dollar-Cost Averaging (DCA)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"wagmi\"\n             data-cat=\"culture\" \n             data-diff=\"1\" \n             data-letter=\"W\"\n             data-term=\"wagmi\"\n             data-def=\"we&#039;re all gonna make it \u2014 an optimistic rallying cry expressing belief in eventual success.\"\n             id=\"term-wagmi\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">WAGMI<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Culture<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">We&#039;re All Gonna Make It \u2014 an optimistic rallying cry expressing belief in eventual success.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Popular during the 2021 bull market. Its counterpart NGMI (Not Gonna Make It) is used to mock poor decisions.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>WAGMI peaked in Google search trends at the exact top of the 2021 bull market \u2014 a fitting metaphor for peak optimism.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"hodl\">HODL<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"fomo\">FOMO<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"bull-market\">Bull Market<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"whale\"\n             data-cat=\"culture\" \n             data-diff=\"1\" \n             data-letter=\"W\"\n             data-term=\"whale\"\n             data-def=\"an individual or entity holding a very large amount of cryptocurrency \u2014 enough to significantly impact market price.\"\n             id=\"term-whale\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Whale<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Culture<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An individual or entity holding a very large amount of cryptocurrency \u2014 enough to significantly impact market price.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Bitcoin whales (1,000+ BTC) are tracked by analytics firms. Movements to exchanges may signal selling; movements off suggest holding.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The largest known Bitcoin whale (besides Satoshi) holds over 250,000 BTC \u2014 worth over $16 billion.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"volume\">Volume<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"liquidity\">Liquidity<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"market-capitalization\">Market Capitalization<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"diamond-hands\"\n             data-cat=\"culture\" \n             data-diff=\"1\" \n             data-letter=\"D\"\n             data-term=\"diamond hands\"\n             data-def=\"slang for holding through extreme volatility without selling.\"\n             id=\"term-diamond-hands\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Diamond Hands<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Culture<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Slang for holding through extreme volatility without selling.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>The opposite is &quot;paper hands&quot; (selling at first drop). While conviction can be profitable, it can also mean holding a losing position too long.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The diamond hands emoji (\ud83d\udc8e\ud83d\ude4c) became the most-used emoji on Crypto Twitter during the 2021 bull market.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"hodl\">HODL<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"paper-hands\">Paper Hands<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"bear-market\">Bear Market<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"paper-hands\"\n             data-cat=\"culture\" \n             data-diff=\"1\" \n             data-letter=\"P\"\n             data-term=\"paper hands\"\n             data-def=\"slang for selling quickly when the price drops, typically out of fear.\"\n             id=\"term-paper-hands\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Paper Hands<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Culture<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Slang for selling quickly when the price drops, typically out of fear.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Viewed negatively in crypto culture, but there are legitimate reasons to sell \u2014 cutting losses, rebalancing, or following a plan.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Research shows that &quot;paper hands&quot; actually outperform &quot;diamond hands&quot; in most altcoins \u2014 holding everything forever only works for BTC and ETH.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"diamond-hands\">Diamond Hands<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"hodl\">HODL<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"fud\">FUD<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"rekt\"\n             data-cat=\"culture\" \n             data-diff=\"1\" \n             data-letter=\"R\"\n             data-term=\"rekt\"\n             data-def=\"crypto slang for &quot;wrecked&quot; \u2014 losing a significant amount of money through bad trades, hacks, or scams.\"\n             id=\"term-rekt\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Rekt<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Culture<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Crypto slang for &quot;wrecked&quot; \u2014 losing a significant amount of money through bad trades, hacks, or scams.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Can happen through leverage, rug pulls, wrong addresses, or buying tops. Used both sympathetically and mockingly.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The website rekt.news tracks DeFi exploits \u2014 over $7 billion has been &quot;rekt&quot; from DeFi protocols since 2020.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"rug-pull\">Rug Pull<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"liquidation\">Liquidation<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"volatility\">Volatility<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"aping-in\"\n             data-cat=\"culture\" \n             data-diff=\"1\" \n             data-letter=\"A\"\n             data-term=\"aping in\"\n             data-def=\"investing heavily in a token impulsively, without proper research \u2014 driven by hype or fomo.\"\n             id=\"term-aping-in\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Aping In<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Culture<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Investing heavily in a token impulsively, without proper research \u2014 driven by hype or FOMO.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Occasionally works spectacularly (early DOGE buyers) but far more often results in losses. The community simultaneously celebrates and warns against it.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The term gained mainstream usage after the Bored Ape Yacht Club NFT collection \u2014 where &quot;aping in&quot; became a badge of honor.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"fomo\">FOMO<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dyor\">DYOR (Do Your Own Research)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"meme-coin\">Meme Coin<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"degen\">Degen<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"gm\"\n             data-cat=\"culture\" \n             data-diff=\"1\" \n             data-letter=\"G\"\n             data-term=\"gm (good morning)\"\n             data-def=\"a daily greeting used across crypto communities. more than a greeting \u2014 it signals active community participation.\"\n             id=\"term-gm\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">GM (Good Morning)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Culture<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A daily greeting used across crypto communities. More than a greeting \u2014 it signals active community participation.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Emerged from NFT and DeFi communities in 2021. Some projects reward consistent engagement.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The GM NFT collection \u2014 literally just images of &quot;GM&quot; \u2014 traded for over $100M in volume at its peak.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"wagmi\">WAGMI<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"nft\">NFT (Non-Fungible Token)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"nfa\"\n             data-cat=\"culture\" \n             data-diff=\"1\" \n             data-letter=\"N\"\n             data-term=\"nfa (not financial advice)\"\n             data-def=\"a disclaimer added when sharing investment opinions, indicating it should not be treated as professional guidance.\"\n             id=\"term-nfa\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">NFA (Not Financial Advice)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Culture<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A disclaimer added when sharing investment opinions, indicating it should not be treated as professional guidance.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Used both sincerely and ironically. Does not actually provide legal protection in most jurisdictions.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Adding &quot;NFA&quot; has become so automatic that bots on Twitter now add it to every tweet containing a crypto ticker symbol.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dyor\">DYOR (Do Your Own Research)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"shill\">Shill<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"dyor\"\n             data-cat=\"culture\" \n             data-diff=\"1\" \n             data-letter=\"D\"\n             data-term=\"dyor (do your own research)\"\n             data-def=\"a reminder to investigate any crypto project yourself rather than relying on others&#039; opinions.\"\n             id=\"term-dyor\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">DYOR (Do Your Own Research)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Culture<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A reminder to investigate any crypto project yourself rather than relying on others&#039; opinions.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Research should include: whitepaper, team, tokenomics, audits, community, and competitive landscape. Effort in research correlates directly with investment quality.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Studies show the average crypto investor spends less than 30 minutes researching before buying \u2014 DYOR is advice most people don&#039;t actually follow.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"nfa\">NFA (Not Financial Advice)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"whitepaper\">Whitepaper<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"shill\">Shill<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"degen\"\n             data-cat=\"culture\" \n             data-diff=\"1\" \n             data-letter=\"D\"\n             data-term=\"degen\"\n             data-def=\"short for &quot;degenerate&quot; \u2014 high-risk, speculative behavior in crypto, used with self-aware humor.\"\n             id=\"term-degen\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Degen<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Culture<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Short for &quot;degenerate&quot; \u2014 high-risk, speculative behavior in crypto, used with self-aware humor.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Chasing high-APY farms, aping into meme coins, trading with excessive leverage. Used with pride in some circles and as a warning in others.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The DeFi protocol &quot;Degen&quot; on Base chain launched as a tipping token and reached $1 billion market cap in 48 hours.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"aping-in\">Aping In<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"yield-farming\">Yield Farming<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"meme-coin\">Meme Coin<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"shill\"\n             data-cat=\"culture\" \n             data-diff=\"1\" \n             data-letter=\"S\"\n             data-term=\"shill\"\n             data-def=\"aggressively promoting a cryptocurrency, often for personal gain. a &quot;shill&quot; promotes tokens they hold.\"\n             id=\"term-shill\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Beginner\"><\/span>\n                    <span class=\"scg-gl-card-term\">Shill<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Culture<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Aggressively promoting a cryptocurrency, often for personal gain. A &quot;shill&quot; promotes tokens they hold.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Pervasive in crypto social media. Always ask: does this person hold what they&#039;re recommending? Were they paid to promote it?<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Kim Kardashian was fined $1.26M by the SEC for promoting EthereumMax without disclosing she was paid $250,000 to do so.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"fomo\">FOMO<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dyor\">DYOR (Do Your Own Research)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"nfa\">NFA (Not Financial Advice)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n            <\/div>\n    \n    <!-- No results -->\n    <div class=\"scg-gl-no-results\" id=\"scg-gl-no-results\" style=\"display:none\">\n        <div class=\"scg-gl-no-results-icon\">\ud83d\udd0d<\/div>\n        <p>No terms match your search.<\/p>\n        <button class=\"scg-gl-reset-btn\" id=\"scg-gl-reset\">Show all terms<\/button>\n    <\/div>\n    \n    <\/div>\n    \n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]\n","protected":false},"excerpt":{"rendered":"<div class=\"scg-page scg-gl\" id=\"scg-glossary\" data-total=\"150\">\n    \n    <!-- Progress tracker -->\n    <div class=\"scg-gl-progress-bar\">\n        <div class=\"scg-gl-progress-inner\">\n            <div class=\"scg-gl-progress-icon\">\ud83d\udcda<\/div>\n            <div class=\"scg-gl-progress-text\">\n                <span class=\"scg-gl-progress-count\">0<\/span> of 150 terms explored\n            <\/div>\n            <div class=\"scg-gl-progress-track\">\n                <div class=\"scg-gl-progress-fill\" style=\"width:0%\"><\/div>\n            <\/div>\n            <div class=\"scg-gl-progress-pct\">0%<\/div>\n        <\/div>\n    <\/div>\n    \n    <!-- Search -->\n    <div class=\"scg-gl-search-wrap\">\n        <input type=\"text\" id=\"scg-gl-search\" class=\"scg-gl-search\" placeholder=\"Search 150 crypto terms...\" autocomplete=\"off\" \/>\n        <span class=\"scg-gl-search-icon\">\ud83d\udd0d<\/span>\n        <span class=\"scg-gl-search-clear\" id=\"scg-gl-clear\" style=\"display:none\">\u2715<\/span>\n        <div class=\"scg-gl-search-count\" id=\"scg-gl-result-count\"><\/div>\n    <\/div>\n    \n    <!-- Difficulty filter -->\n    <div class=\"scg-gl-diff-filters\">\n        <button class=\"scg-gl-diff-btn active\" data-diff=\"all\">All Levels<\/button>\n        <button class=\"scg-gl-diff-btn\" data-diff=\"1\"><span class=\"scg-gl-dot beginner\"><\/span> Begynder<\/button>\n        <button class=\"scg-gl-diff-btn\" data-diff=\"2\"><span class=\"scg-gl-dot intermediate\"><\/span> Mellemliggende<\/button>\n        <button class=\"scg-gl-diff-btn\" data-diff=\"3\"><span class=\"scg-gl-dot advanced\"><\/span> Avanceret<\/button>\n    <\/div>\n    \n    <!-- Category tabs -->\n    <div class=\"scg-gl-tabs\" id=\"scg-gl-tabs\">\n        <button class=\"scg-gl-tab active\" data-cat=\"all\">All (150)<\/button>\n                <button class=\"scg-gl-tab\" data-cat=\"blockchain\">Blockchain (20)<\/button>\n                <button class=\"scg-gl-tab\" data-cat=\"trading\">Trading (20)<\/button>\n                <button class=\"scg-gl-tab\" data-cat=\"defi\">DeFi (18)<\/button>\n                <button class=\"scg-gl-tab\" data-cat=\"security\">Security (15)<\/button>\n                <button class=\"scg-gl-tab\" data-cat=\"wallets\">Wallets (10)<\/button>\n                <button class=\"scg-gl-tab\" data-cat=\"mining-consensus\">Mining &amp; Consensus (12)<\/button>\n                <button class=\"scg-gl-tab\" data-cat=\"nfts-tokens\">NFTs &amp; Tokens (13)<\/button>\n                <button class=\"scg-gl-tab\" data-cat=\"stablecoins\">Stablecoins (8)<\/button>\n                <button class=\"scg-gl-tab\" data-cat=\"regulation\">Regulation (10)<\/button>\n                <button class=\"scg-gl-tab\" data-cat=\"technical\">Technical (12)<\/button>\n                <button class=\"scg-gl-tab\" data-cat=\"culture\">Culture (12)<\/button>\n            <\/div>\n    \n    <!-- Alphabet nav -->\n    <div class=\"scg-gl-alpha\" id=\"scg-gl-alpha\">\n                <a class=\"scg-gl-alpha-link\" data-letter=\"#\">#<\/a>\n                <a class=\"scg-gl-alpha-link\" data-letter=\"A\">A<\/a>\n                <a class=\"scg-gl-alpha-link\" data-letter=\"B\">B<\/a>\n                <a class=\"scg-gl-alpha-link\" data-letter=\"C\">C<\/a>\n                <a class=\"scg-gl-alpha-link\" data-letter=\"D\">D<\/a>\n                <a class=\"scg-gl-alpha-link\" data-letter=\"E\">E<\/a>\n                <a class=\"scg-gl-alpha-link\" data-letter=\"F\">F<\/a>\n                <a class=\"scg-gl-alpha-link\" data-letter=\"G\">G<\/a>\n                <a class=\"scg-gl-alpha-link\" data-letter=\"H\">H<\/a>\n                <a class=\"scg-gl-alpha-link\" data-letter=\"I\">I<\/a>\n                <a class=\"scg-gl-alpha-link disabled\" data-letter=\"J\">J<\/a>\n                <a class=\"scg-gl-alpha-link\" data-letter=\"K\">K<\/a>\n                <a class=\"scg-gl-alpha-link\" data-letter=\"L\">L<\/a>\n                <a class=\"scg-gl-alpha-link\" data-letter=\"M\">M<\/a>\n                <a class=\"scg-gl-alpha-link\" data-letter=\"N\">N<\/a>\n                <a class=\"scg-gl-alpha-link\" data-letter=\"O\">O<\/a>\n                <a class=\"scg-gl-alpha-link\" data-letter=\"P\">P<\/a>\n                <a class=\"scg-gl-alpha-link disabled\" data-letter=\"Q\">Q<\/a>\n                <a class=\"scg-gl-alpha-link\" data-letter=\"R\">R<\/a>\n                <a class=\"scg-gl-alpha-link\" data-letter=\"S\">S<\/a>\n                <a class=\"scg-gl-alpha-link\" data-letter=\"T\">T<\/a>\n                <a class=\"scg-gl-alpha-link\" data-letter=\"U\">U<\/a>\n                <a class=\"scg-gl-alpha-link\" data-letter=\"V\">V<\/a>\n                <a class=\"scg-gl-alpha-link\" data-letter=\"W\">W<\/a>\n                <a class=\"scg-gl-alpha-link disabled\" data-letter=\"X\">X<\/a>\n                <a class=\"scg-gl-alpha-link\" data-letter=\"Y\">Y<\/a>\n                <a class=\"scg-gl-alpha-link\" data-letter=\"Z\">Z<\/a>\n            <\/div>\n    \n    <!-- Terms list -->\n    <div class=\"scg-gl-terms\" id=\"scg-gl-terms\">\n                <div class=\"scg-gl-card\" \n             data-slug=\"blockchain\"\n             data-cat=\"blockchain\" \n             data-diff=\"1\" \n             data-letter=\"B\"\n             data-term=\"blockchain\"\n             data-def=\"a decentralized, distributed digital ledger that records transactions across many computers so that the record cannot be altered retroactively.\"\n             id=\"term-blockchain\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Blockchain<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A decentralized, distributed digital ledger that records transactions across many computers so that the record cannot be altered retroactively.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewbox=\"0 0 600 120\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"10\" y=\"30\" width=\"100\" height=\"60\" rx=\"8\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"60\" y=\"55\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"11\" font-weight=\"600\">Block 1<\/text><text x=\"60\" y=\"72\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Tx Data + Hash<\/text><line x1=\"110\" y1=\"60\" x2=\"150\" y2=\"60\" stroke=\"#4ADE80\" stroke-width=\"2\" marker-end=\"url(#arr)\"\/><rect x=\"150\" y=\"30\" width=\"100\" height=\"60\" rx=\"8\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"200\" y=\"55\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"11\" font-weight=\"600\">Block 2<\/text><text x=\"200\" y=\"72\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Prev Hash + Tx<\/text><line x1=\"250\" y1=\"60\" x2=\"290\" y2=\"60\" stroke=\"#4ADE80\" stroke-width=\"2\" marker-end=\"url(#arr)\"\/><rect x=\"290\" y=\"30\" width=\"100\" height=\"60\" rx=\"8\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"340\" y=\"55\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"11\" font-weight=\"600\">Block 3<\/text><text x=\"340\" y=\"72\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Prev Hash + Tx<\/text><line x1=\"390\" y1=\"60\" x2=\"430\" y2=\"60\" stroke=\"#4ADE80\" stroke-width=\"2\" marker-end=\"url(#arr)\"\/><rect x=\"430\" y=\"30\" width=\"100\" height=\"60\" rx=\"8\" fill=\"#1C2230\" stroke=\"#38BDF8\" stroke-width=\"2\" stroke-dasharray=\"4 3\"\/><text x=\"480\" y=\"55\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"11\" font-weight=\"600\">Block N<\/text><text x=\"480\" y=\"72\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Pending...<\/text><defs><marker id=\"arr\" viewbox=\"0 0 10 10\" refx=\"8\" refy=\"5\" markerwidth=\"6\" markerheight=\"6\" orient=\"auto\"><path d=\"M 0 0 L 10 5 L 0 10 z\" fill=\"#4ADE80\"\/><\/marker><\/defs><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. This chain structure makes it virtually impossible to alter historical records without changing every subsequent block. Blockchains can be public (like Bitcoin) or private (used by enterprises).<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The Bitcoin blockchain has never been hacked or altered since its launch in 2009 \u2014 over 15 years of continuous, unbroken operation.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"block\">Blok<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"decentralization\">Decentralisering<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"distributed-ledger\">Distribueret hovedbog<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"consensus-mechanism\">Consensus Mechanism<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/da\/what-is-blockchain-technology\/\">\n                    \ud83d\udcd6 What Is Blockchain?                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"block\"\n             data-cat=\"blockchain\" \n             data-diff=\"1\" \n             data-letter=\"B\"\n             data-term=\"block\"\n             data-def=\"a collection of transaction data bundled together and added to the blockchain. each block is linked to the previous one, forming a chain.\"\n             id=\"term-block\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Blok<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A collection of transaction data bundled together and added to the blockchain. Each block is linked to the previous one, forming a chain.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Blocks have a maximum size that varies by blockchain \u2014 Bitcoin blocks are limited to about 4MB, while other chains have different limits. When a block is full, a new block is created. The time between blocks varies: ~10 minutes for Bitcoin, ~12 seconds for Ethereum.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Bitcoin block #0 (the genesis block) contained a hidden message: a newspaper headline about bank bailouts.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"blockchain\">Blockchain<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"block-height\">Blokh\u00f8jde<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"genesis-block\">Genesis-blok<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"block-reward\">Blok bel\u00f8nning<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"block-height\"\n             data-cat=\"blockchain\" \n             data-diff=\"2\" \n             data-letter=\"B\"\n             data-term=\"block height\"\n             data-def=\"the number of blocks in the chain between a given block and the very first block (genesis block).\"\n             id=\"term-block-height\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Blokh\u00f8jde<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The number of blocks in the chain between a given block and the very first block (genesis block).<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Block height serves as a way to reference specific points in a blockchain&#039;s history. For example, Bitcoin&#039;s halving events occur at specific block heights. The current block height tells you how many blocks have been mined since the chain launched.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Bitcoin&#039;s 4th halving occurred at block height 840,000 in April 2024.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"block\">Blok<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"genesis-block\">Genesis-blok<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"halving\">Halvering af<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"genesis-block\"\n             data-cat=\"blockchain\" \n             data-diff=\"1\" \n             data-letter=\"G\"\n             data-term=\"genesis block\"\n             data-def=\"the very first block in a blockchain, also known as block 0. it is the foundation upon which all subsequent blocks are built.\"\n             id=\"term-genesis-block\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Genesis-blok<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The very first block in a blockchain, also known as Block 0. It is the foundation upon which all subsequent blocks are built.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Bitcoin&#039;s genesis block was mined by Satoshi Nakamoto on January 3, 2009. It contained a message referencing a newspaper headline: &quot;The Times 03\/Jan\/2009 Chancellor on brink of second bailout for banks&quot; \u2014 widely interpreted as a comment on the financial system Bitcoin was created to address.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The 50 BTC reward from Bitcoin&#039;s genesis block can never be spent due to a quirk in the original code.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"block\">Blok<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"blockchain\">Blockchain<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"block-height\">Blokh\u00f8jde<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"node\"\n             data-cat=\"blockchain\" \n             data-diff=\"2\" \n             data-letter=\"N\"\n             data-term=\"node\"\n             data-def=\"a computer that maintains a copy of the blockchain and helps validate and relay transactions across the network.\"\n             id=\"term-node\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Knudepunkt<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A computer that maintains a copy of the blockchain and helps validate and relay transactions across the network.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Full nodes store the entire blockchain history and independently verify all transactions and blocks. Light nodes only download block headers and rely on full nodes for verification. Running a node contributes to network decentralization and security. Anyone can run a node \u2014 it requires a computer and internet connection.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Bitcoin has over 15,000 reachable full nodes spread across more than 100 countries.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"decentralization\">Decentralisering<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"validator\">Validator<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"consensus-mechanism\">Consensus Mechanism<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"decentralization\"\n             data-cat=\"blockchain\" \n             data-diff=\"1\" \n             data-letter=\"D\"\n             data-term=\"decentralization\"\n             data-def=\"the distribution of power and control away from a single central authority to a network of participants.\"\n             id=\"term-decentralization\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Decentralisering<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The distribution of power and control away from a single central authority to a network of participants.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewbox=\"0 0 600 160\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><text x=\"150\" y=\"15\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"10\" font-weight=\"600\">CENTRALIZED<\/text><circle cx=\"150\" cy=\"80\" r=\"20\" fill=\"#1C2230\" stroke=\"#F87171\" stroke-width=\"2\"\/><text x=\"150\" y=\"84\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"9\" font-weight=\"700\">HUB<\/text><circle cx=\"90\" cy=\"40\" r=\"10\" fill=\"#1C2230\" stroke=\"#5A6478\" stroke-width=\"1.5\"\/><circle cx=\"210\" cy=\"40\" r=\"10\" fill=\"#1C2230\" stroke=\"#5A6478\" stroke-width=\"1.5\"\/><circle cx=\"90\" cy=\"120\" r=\"10\" fill=\"#1C2230\" stroke=\"#5A6478\" stroke-width=\"1.5\"\/><circle cx=\"210\" cy=\"120\" r=\"10\" fill=\"#1C2230\" stroke=\"#5A6478\" stroke-width=\"1.5\"\/><line x1=\"135\" y1=\"66\" x2=\"97\" y2=\"47\" stroke=\"#5A6478\" stroke-width=\"1\"\/><line x1=\"165\" y1=\"66\" x2=\"203\" y2=\"47\" stroke=\"#5A6478\" stroke-width=\"1\"\/><line x1=\"135\" y1=\"94\" x2=\"97\" y2=\"113\" stroke=\"#5A6478\" stroke-width=\"1\"\/><line x1=\"165\" y1=\"94\" x2=\"203\" y2=\"113\" stroke=\"#5A6478\" stroke-width=\"1\"\/><text x=\"450\" y=\"15\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"10\" font-weight=\"600\">DECENTRALIZED<\/text><circle cx=\"400\" cy=\"55\" r=\"12\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><circle cx=\"500\" cy=\"55\" r=\"12\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><circle cx=\"400\" cy=\"115\" r=\"12\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><circle cx=\"500\" cy=\"115\" r=\"12\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><circle cx=\"450\" cy=\"85\" r=\"12\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><line x1=\"410\" y1=\"60\" x2=\"440\" y2=\"80\" stroke=\"#4ADE80\" stroke-width=\"1\" opacity=\"0.5\"\/><line x1=\"490\" y1=\"60\" x2=\"460\" y2=\"80\" stroke=\"#4ADE80\" stroke-width=\"1\" opacity=\"0.5\"\/><line x1=\"410\" y1=\"110\" x2=\"440\" y2=\"90\" stroke=\"#4ADE80\" stroke-width=\"1\" opacity=\"0.5\"\/><line x1=\"490\" y1=\"110\" x2=\"460\" y2=\"90\" stroke=\"#4ADE80\" stroke-width=\"1\" opacity=\"0.5\"\/><line x1=\"410\" y1=\"55\" x2=\"490\" y2=\"55\" stroke=\"#4ADE80\" stroke-width=\"1\" opacity=\"0.5\"\/><line x1=\"410\" y1=\"115\" x2=\"490\" y2=\"115\" stroke=\"#4ADE80\" stroke-width=\"1\" opacity=\"0.5\"\/><line x1=\"400\" y1=\"67\" x2=\"400\" y2=\"103\" stroke=\"#4ADE80\" stroke-width=\"1\" opacity=\"0.5\"\/><line x1=\"500\" y1=\"67\" x2=\"500\" y2=\"103\" stroke=\"#4ADE80\" stroke-width=\"1\" opacity=\"0.5\"\/><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>In a decentralized network like Bitcoin, no single entity controls the system. Thousands of nodes worldwide maintain the network, and no one can unilaterally alter the rules or censor transactions. The degree of decentralization varies between blockchains \u2014 some are more decentralized than others.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The most decentralized blockchain is Bitcoin, with no known entity controlling more than 3-4% of total hash rate.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"blockchain\">Blockchain<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"node\">Knudepunkt<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"distributed-ledger\">Distribueret hovedbog<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"consensus-mechanism\">Consensus Mechanism<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/da\/what-is-blockchain-technology\/\">\n                    \ud83d\udcd6 Understanding Decentralization                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"distributed-ledger\"\n             data-cat=\"blockchain\" \n             data-diff=\"2\" \n             data-letter=\"D\"\n             data-term=\"distributed ledger\"\n             data-def=\"a database that is shared, replicated, and synchronized across multiple locations, institutions, or geographies \u2014 accessible by multiple people.\"\n             id=\"term-distributed-ledger\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Distribueret hovedbog<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A database that is shared, replicated, and synchronized across multiple locations, institutions, or geographies \u2014 accessible by multiple people.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>A blockchain is a type of distributed ledger, but not all distributed ledgers use blockchain technology. The key feature is that no single administrator controls the ledger. Changes must be agreed upon by the network through a consensus mechanism.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Enterprise distributed ledger projects are used by companies like Walmart (supply chain) and JPMorgan (payments).<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"blockchain\">Blockchain<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"decentralization\">Decentralisering<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"consensus-mechanism\">Consensus Mechanism<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"smart-contract\"\n             data-cat=\"blockchain\" \n             data-diff=\"2\" \n             data-letter=\"S\"\n             data-term=\"smart contract\"\n             data-def=\"self-executing code stored on a blockchain that automatically enforces the terms of an agreement when predefined conditions are met.\"\n             id=\"term-smart-contract\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Smart kontrakt<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Self-executing code stored on a blockchain that automatically enforces the terms of an agreement when predefined conditions are met.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewbox=\"0 0 600 130\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"20\" y=\"35\" width=\"120\" height=\"60\" rx=\"8\" fill=\"#1C2230\" stroke=\"#38BDF8\" stroke-width=\"2\"\/><text x=\"80\" y=\"60\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"11\" font-weight=\"600\">IF condition<\/text><text x=\"80\" y=\"76\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">is met...<\/text><line x1=\"140\" y1=\"65\" x2=\"200\" y2=\"65\" stroke=\"#FBBF24\" stroke-width=\"2\" marker-end=\"url(#arr2)\"\/><rect x=\"200\" y=\"25\" width=\"140\" height=\"80\" rx=\"10\" fill=\"#1C2230\" stroke=\"#FBBF24\" stroke-width=\"2\"\/><text x=\"270\" y=\"55\" text-anchor=\"middle\" fill=\"#FBBF24\" font-size=\"11\" font-weight=\"700\">Smart kontrakt<\/text><text x=\"270\" y=\"72\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Auto-executes<\/text><text x=\"270\" y=\"88\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">on blockchain<\/text><line x1=\"340\" y1=\"65\" x2=\"400\" y2=\"65\" stroke=\"#4ADE80\" stroke-width=\"2\" marker-end=\"url(#arr3)\"\/><rect x=\"400\" y=\"35\" width=\"120\" height=\"60\" rx=\"8\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"460\" y=\"60\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"11\" font-weight=\"600\">THEN action<\/text><text x=\"460\" y=\"76\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">executes auto.<\/text><defs><marker id=\"arr2\" viewbox=\"0 0 10 10\" refx=\"8\" refy=\"5\" markerwidth=\"6\" markerheight=\"6\" orient=\"auto\"><path d=\"M 0 0 L 10 5 L 0 10 z\" fill=\"#FBBF24\"\/><\/marker><marker id=\"arr3\" viewbox=\"0 0 10 10\" refx=\"8\" refy=\"5\" markerwidth=\"6\" markerheight=\"6\" orient=\"auto\"><path d=\"M 0 0 L 10 5 L 0 10 z\" fill=\"#4ADE80\"\/><\/marker><\/defs><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Ethereum popularized smart contracts, which enable DeFi, NFTs, DAOs, and thousands of other applications. Once deployed, a smart contract cannot be altered \u2014 the code runs exactly as written. This eliminates the need for intermediaries but also means bugs in the code can have irreversible consequences.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The first major smart contract hack \u2014 the DAO hack in 2016 \u2014 stole $60M in ETH and led to Ethereum splitting into two chains.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"defi\">DeFi (decentraliseret finansiering)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dao\">DAO (Decentralized Autonomous Organization)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"gas\">Gas<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"smart-contract-audit\">Revision af intelligente kontrakter<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"gas\"\n             data-cat=\"blockchain\" \n             data-diff=\"2\" \n             data-letter=\"G\"\n             data-term=\"gas\"\n             data-def=\"the unit of measurement for the computational effort required to execute transactions or smart contracts on the ethereum network.\"\n             id=\"term-gas\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Gas<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The unit of measurement for the computational effort required to execute transactions or smart contracts on the Ethereum network.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Gas fees are paid in ETH and fluctuate based on network demand. When the network is busy, gas fees rise \u2014 sometimes dramatically. Layer 2 solutions like Arbitrum and Optimism were developed to reduce gas costs by processing transactions off the main Ethereum chain.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>During the 2021 NFT boom, a single Ethereum transaction could cost over $200 in gas fees.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"smart-contract\">Smart kontrakt<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"layer-2\">Layer 2 (L2)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"transaction-hash\">Transaction Hash (TxHash)<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/da\/hvordan-man-kober\/kob-ethereum-eth-en-simpel-guide\/\">\n                    \ud83d\udcd6 How to Buy Ethereum                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"transaction-hash\"\n             data-cat=\"blockchain\" \n             data-diff=\"2\" \n             data-letter=\"T\"\n             data-term=\"transaction hash (txhash)\"\n             data-def=\"a unique identifier assigned to every transaction on a blockchain. it acts as a receipt that can be used to track the transaction status.\"\n             id=\"term-transaction-hash\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Transaction Hash (TxHash)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A unique identifier assigned to every transaction on a blockchain. It acts as a receipt that can be used to track the transaction status.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>A transaction hash is a long string of letters and numbers generated when a transaction is broadcast to the network. You can paste it into a block explorer to see the transaction details: sender, recipient, amount, fee, and confirmation status.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The first ever Bitcoin transaction (by Satoshi to Hal Finney) has the hash that starts with f4184fc...<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"block-explorer\">Blok Explorer<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"hash-function\">Hash-funktion<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"block-explorer\"\n             data-cat=\"blockchain\" \n             data-diff=\"1\" \n             data-letter=\"B\"\n             data-term=\"block explorer\"\n             data-def=\"a tool that allows you to search and browse blockchain data \u2014 transactions, addresses, blocks, and more.\"\n             id=\"term-block-explorer\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Blok Explorer<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A tool that allows you to search and browse blockchain data \u2014 transactions, addresses, blocks, and more.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Popular block explorers include Etherscan for Ethereum, Blockchain.com for Bitcoin, and Solscan for Solana. They function like a search engine for blockchain data, letting you verify transactions, check wallet balances, and explore smart contract activity.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Etherscan processes over 5 billion API calls per day \u2014 more than many traditional financial data providers.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"transaction-hash\">Transaction Hash (TxHash)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"wallet-address\">Wallet Address<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"consensus-mechanism\"\n             data-cat=\"blockchain\" \n             data-diff=\"2\" \n             data-letter=\"C\"\n             data-term=\"consensus mechanism\"\n             data-def=\"the method by which a blockchain network agrees on the current state of the ledger and validates new transactions.\"\n             id=\"term-consensus-mechanism\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Consensus Mechanism<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The method by which a blockchain network agrees on the current state of the ledger and validates new transactions.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewbox=\"0 0 600 110\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"30\" y=\"20\" width=\"240\" height=\"70\" rx=\"10\" fill=\"#1C2230\" stroke=\"#FBBF24\" stroke-width=\"2\"\/><text x=\"150\" y=\"45\" text-anchor=\"middle\" fill=\"#FBBF24\" font-size=\"12\" font-weight=\"700\">Bevis for arbejde<\/text><text x=\"150\" y=\"62\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Miners solve puzzles \u26a1<\/text><text x=\"150\" y=\"76\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Bitcoin, Litecoin, Dogecoin<\/text><rect x=\"330\" y=\"20\" width=\"240\" height=\"70\" rx=\"10\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"450\" y=\"45\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"12\" font-weight=\"700\">Bevis for indsats<\/text><text x=\"450\" y=\"62\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Validators lock tokens \ud83d\udd12<\/text><text x=\"450\" y=\"76\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Ethereum, Solana, Cardano<\/text><text x=\"300\" y=\"105\" text-anchor=\"middle\" fill=\"#5A6478\" font-size=\"9\">Both achieve the same goal: agreeing on the truth without a central authority<\/text><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>The two most common mechanisms are Proof of Work (used by Bitcoin) and Proof of Stake (used by Ethereum, Solana, Cardano). Each has different tradeoffs in terms of security, speed, energy consumption, and decentralization.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>There are over 30 different consensus mechanisms in use across various blockchains.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"proof-of-work\">Bevis for arbejde (Proof of Work (PoW))<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"proof-of-stake\">Proof of Stake (PoS)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"validator\">Validator<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"node\">Knudepunkt<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"fork\"\n             data-cat=\"blockchain\" \n             data-diff=\"2\" \n             data-letter=\"F\"\n             data-term=\"fork\"\n             data-def=\"a change to a blockchain&#039;s protocol. a soft fork is backward-compatible; a hard fork creates a new chain that is not compatible with the old one.\"\n             id=\"term-fork\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Fork<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A change to a blockchain&#039;s protocol. A soft fork is backward-compatible; a hard fork creates a new chain that is not compatible with the old one.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewbox=\"0 0 600 130\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"20\" y=\"50\" width=\"80\" height=\"40\" rx=\"6\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"60\" y=\"74\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"10\">Block N<\/text><line x1=\"100\" y1=\"70\" x2=\"160\" y2=\"70\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><rect x=\"160\" y=\"50\" width=\"80\" height=\"40\" rx=\"6\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"200\" y=\"74\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"10\">Block N+1<\/text><line x1=\"240\" y1=\"60\" x2=\"310\" y2=\"30\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><line x1=\"240\" y1=\"80\" x2=\"310\" y2=\"110\" stroke=\"#38BDF8\" stroke-width=\"2\"\/><rect x=\"310\" y=\"10\" width=\"120\" height=\"40\" rx=\"6\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"370\" y=\"34\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"10\" font-weight=\"600\">Chain A (original)<\/text><rect x=\"310\" y=\"90\" width=\"120\" height=\"40\" rx=\"6\" fill=\"#1C2230\" stroke=\"#38BDF8\" stroke-width=\"2\"\/><text x=\"370\" y=\"114\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"10\" font-weight=\"600\">Chain B (fork)<\/text><line x1=\"430\" y1=\"30\" x2=\"470\" y2=\"30\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><rect x=\"470\" y=\"10\" width=\"80\" height=\"40\" rx=\"6\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"1.5\"\/><line x1=\"430\" y1=\"110\" x2=\"470\" y2=\"110\" stroke=\"#38BDF8\" stroke-width=\"2\"\/><rect x=\"470\" y=\"90\" width=\"80\" height=\"40\" rx=\"6\" fill=\"#1C2230\" stroke=\"#38BDF8\" stroke-width=\"1.5\"\/><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Bitcoin Cash was created through a hard fork of Bitcoin in 2017 \u2014 a disagreement about block size led to two separate chains. Ethereum underwent a major hard fork called &quot;The Merge&quot; in 2022, transitioning from Proof of Work to Proof of Stake.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>There have been over 100 forks of Bitcoin, but only a handful (BCH, BSV) have maintained any meaningful value.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"blockchain\">Blockchain<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"consensus-mechanism\">Consensus Mechanism<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"mainnet\">Mainnet<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"mainnet\"\n             data-cat=\"blockchain\" \n             data-diff=\"2\" \n             data-letter=\"M\"\n             data-term=\"mainnet\"\n             data-def=\"the primary, live blockchain network where actual transactions with real value take place.\"\n             id=\"term-mainnet\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Mainnet<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The primary, live blockchain network where actual transactions with real value take place.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Before launching on mainnet, projects typically test on a testnet where tokens have no real value. When a project &quot;launches on mainnet,&quot; it means the real version is live and operational.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Ethereum&#039;s mainnet launched on July 30, 2015, with the price of ETH at just $0.31.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"testnet\">Testnet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"blockchain\">Blockchain<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"fork\">Fork<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"testnet\"\n             data-cat=\"blockchain\" \n             data-diff=\"2\" \n             data-letter=\"T\"\n             data-term=\"testnet\"\n             data-def=\"a separate blockchain network used for testing and development, where tokens have no real monetary value.\"\n             id=\"term-testnet\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Testnet<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A separate blockchain network used for testing and development, where tokens have no real monetary value.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Developers use testnets to test smart contracts, protocol changes, and applications before deploying to mainnet. Users can get free testnet tokens from &quot;faucets&quot; to experiment without risking real money.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Some testnet tokens have accidentally been sold for real money on marketplaces by confused users.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"mainnet\">Mainnet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"smart-contract\">Smart kontrakt<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"layer-1\"\n             data-cat=\"blockchain\" \n             data-diff=\"1\" \n             data-letter=\"L\"\n             data-term=\"layer 1 (l1)\"\n             data-def=\"the base blockchain network \u2014 the main chain that processes and finalizes transactions. examples include bitcoin, ethereum, and solana.\"\n             id=\"term-layer-1\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Layer 1 (L1)<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The base blockchain network \u2014 the main chain that processes and finalizes transactions. Examples include Bitcoin, Ethereum, and Solana.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewbox=\"0 0 600 140\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"50\" y=\"80\" width=\"500\" height=\"50\" rx=\"10\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"300\" y=\"105\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"13\" font-weight=\"700\">Layer 1 \u2014 Base Chain (ETH, BTC, SOL)<\/text><text x=\"300\" y=\"120\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Security &amp; consensus \u2014 slower, more expensive<\/text><rect x=\"100\" y=\"15\" width=\"180\" height=\"50\" rx=\"10\" fill=\"#1C2230\" stroke=\"#38BDF8\" stroke-width=\"2\"\/><text x=\"190\" y=\"38\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"12\" font-weight=\"700\">Layer 2 \u2014 Arbitrum<\/text><text x=\"190\" y=\"52\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Fast &amp; cheap transactions<\/text><rect x=\"320\" y=\"15\" width=\"180\" height=\"50\" rx=\"10\" fill=\"#1C2230\" stroke=\"#38BDF8\" stroke-width=\"2\"\/><text x=\"410\" y=\"38\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"12\" font-weight=\"700\">Layer 2 \u2014 Optimism<\/text><text x=\"410\" y=\"52\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Inherits L1 security<\/text><line x1=\"190\" y1=\"65\" x2=\"190\" y2=\"80\" stroke=\"#8A94A6\" stroke-width=\"1\" stroke-dasharray=\"4 3\"\/><line x1=\"410\" y1=\"65\" x2=\"410\" y2=\"80\" stroke=\"#8A94A6\" stroke-width=\"1\" stroke-dasharray=\"4 3\"\/><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Layer 1 blockchains provide the fundamental security and consensus for the network. They can face scalability challenges as usage grows \u2014 which is why Layer 2 solutions were developed to handle overflow.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Solana can process over 4,000 transactions per second on Layer 1 \u2014 vs. Bitcoin&#039;s ~7 and Ethereum&#039;s ~30.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"layer-2\">Layer 2 (L2)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"blockchain\">Blockchain<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"consensus-mechanism\">Consensus Mechanism<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"rollup\">Rollup<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"layer-2\"\n             data-cat=\"blockchain\" \n             data-diff=\"2\" \n             data-letter=\"L\"\n             data-term=\"layer 2 (l2)\"\n             data-def=\"a secondary protocol built on top of a layer 1 blockchain to improve its scalability and speed while inheriting its security.\"\n             id=\"term-layer-2\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Layer 2 (L2)<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A secondary protocol built on top of a Layer 1 blockchain to improve its scalability and speed while inheriting its security.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewbox=\"0 0 600 140\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"50\" y=\"80\" width=\"500\" height=\"50\" rx=\"10\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"300\" y=\"105\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"13\" font-weight=\"700\">Layer 1 \u2014 Base Chain (ETH, BTC, SOL)<\/text><text x=\"300\" y=\"120\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Security &amp; consensus \u2014 slower, more expensive<\/text><rect x=\"100\" y=\"15\" width=\"180\" height=\"50\" rx=\"10\" fill=\"#1C2230\" stroke=\"#38BDF8\" stroke-width=\"2\"\/><text x=\"190\" y=\"38\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"12\" font-weight=\"700\">Layer 2 \u2014 Arbitrum<\/text><text x=\"190\" y=\"52\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Fast &amp; cheap transactions<\/text><rect x=\"320\" y=\"15\" width=\"180\" height=\"50\" rx=\"10\" fill=\"#1C2230\" stroke=\"#38BDF8\" stroke-width=\"2\"\/><text x=\"410\" y=\"38\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"12\" font-weight=\"700\">Layer 2 \u2014 Optimism<\/text><text x=\"410\" y=\"52\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Inherits L1 security<\/text><line x1=\"190\" y1=\"65\" x2=\"190\" y2=\"80\" stroke=\"#8A94A6\" stroke-width=\"1\" stroke-dasharray=\"4 3\"\/><line x1=\"410\" y1=\"65\" x2=\"410\" y2=\"80\" stroke=\"#8A94A6\" stroke-width=\"1\" stroke-dasharray=\"4 3\"\/><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Examples include Arbitrum and Optimism (built on Ethereum) and the Lightning Network (built on Bitcoin). Layer 2s process transactions off the main chain and periodically settle back to Layer 1, reducing fees and increasing throughput.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Arbitrum processes more daily transactions than Ethereum mainnet itself, at roughly 1\/10th the cost.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"layer-1\">Layer 1 (L1)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"rollup\">Rollup<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"gas\">Gas<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"interoperability\">Interoperabilitet<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/da\/hvordan-man-kober\/kob-arbitrum-arb-en-enkel-vejledning\/\">\n                    \ud83d\udcd6 How to Buy Arbitrum                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"interoperability\"\n             data-cat=\"blockchain\" \n             data-diff=\"3\" \n             data-letter=\"I\"\n             data-term=\"interoperability\"\n             data-def=\"the ability of different blockchain networks to communicate and share data or assets with each other.\"\n             id=\"term-interoperability\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Avanceret\"><\/span>\n                    <span class=\"scg-gl-card-term\">Interoperabilitet<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The ability of different blockchain networks to communicate and share data or assets with each other.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Cross-chain bridges enable interoperability by allowing tokens to move between different blockchains. Projects like Polkadot and Cosmos are specifically designed to facilitate interoperability.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Over $2 billion has been stolen from cross-chain bridges since 2020 \u2014 making them the single largest attack vector in crypto.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"bridge\">Bro<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"layer-1\">Layer 1 (L1)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"layer-2\">Layer 2 (L2)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"wrapped-token\">Wrapped Token<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/da\/hvordan-man-kober\/kob-polkadot-dot-en-enkel-guide\/\">\n                    \ud83d\udcd6 How to Buy Polkadot                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"oracle\"\n             data-cat=\"blockchain\" \n             data-diff=\"2\" \n             data-letter=\"O\"\n             data-term=\"oracle\"\n             data-def=\"a service that provides real-world data to smart contracts on a blockchain. blockchains cannot access external data on their own.\"\n             id=\"term-oracle\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Oracle<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A service that provides real-world data to smart contracts on a blockchain. Blockchains cannot access external data on their own.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewbox=\"0 0 600 120\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"20\" y=\"30\" width=\"130\" height=\"60\" rx=\"8\" fill=\"#1C2230\" stroke=\"#8A94A6\" stroke-width=\"2\"\/><text x=\"85\" y=\"55\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"11\" font-weight=\"600\">Real World<\/text><text x=\"85\" y=\"72\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Prices, weather, events<\/text><line x1=\"150\" y1=\"60\" x2=\"220\" y2=\"60\" stroke=\"#FBBF24\" stroke-width=\"2\" marker-end=\"url(#arr4)\"\/><rect x=\"220\" y=\"20\" width=\"160\" height=\"80\" rx=\"12\" fill=\"#1C2230\" stroke=\"#FBBF24\" stroke-width=\"2\"\/><text x=\"300\" y=\"50\" text-anchor=\"middle\" fill=\"#FBBF24\" font-size=\"13\" font-weight=\"700\">Oracle<\/text><text x=\"300\" y=\"68\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Chainlink, Pyth, Band<\/text><text x=\"300\" y=\"82\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Verifies &amp; delivers data<\/text><line x1=\"380\" y1=\"60\" x2=\"450\" y2=\"60\" stroke=\"#4ADE80\" stroke-width=\"2\" marker-end=\"url(#arr5)\"\/><rect x=\"450\" y=\"30\" width=\"130\" height=\"60\" rx=\"8\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"515\" y=\"55\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"11\" font-weight=\"600\">Smart kontrakt<\/text><text x=\"515\" y=\"72\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Uses data to execute<\/text><defs><marker id=\"arr4\" viewbox=\"0 0 10 10\" refx=\"8\" refy=\"5\" markerwidth=\"6\" markerheight=\"6\" orient=\"auto\"><path d=\"M 0 0 L 10 5 L 0 10 z\" fill=\"#FBBF24\"\/><\/marker><marker id=\"arr5\" viewbox=\"0 0 10 10\" refx=\"8\" refy=\"5\" markerwidth=\"6\" markerheight=\"6\" orient=\"auto\"><path d=\"M 0 0 L 10 5 L 0 10 z\" fill=\"#4ADE80\"\/><\/marker><\/defs><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Chainlink is the most widely used oracle network, providing price feeds, weather data, sports results, and other external information to smart contracts. Without oracles, DeFi would be impossible.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Chainlink oracles secure over $75 billion in DeFi value \u2014 a single faulty price feed could cascade into billions in liquidations.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"smart-contract\">Smart kontrakt<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"defi\">DeFi (decentraliseret finansiering)<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/da\/hvordan-man-kober\/kob-chainlink-link-en-simpel-vejledning\/\">\n                    \ud83d\udcd6 How to Buy Chainlink                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"immutability\"\n             data-cat=\"blockchain\" \n             data-diff=\"1\" \n             data-letter=\"I\"\n             data-term=\"immutability\"\n             data-def=\"the property that once data is recorded on a blockchain, it cannot be altered or deleted.\"\n             id=\"term-immutability\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Immutability<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Blockchain<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The property that once data is recorded on a blockchain, it cannot be altered or deleted.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Immutability is one of blockchain&#039;s core value propositions \u2014 it creates a tamper-proof record of all transactions. However, it also means mistakes (like sending crypto to the wrong address) cannot be reversed.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>A man in Wales accidentally threw away a hard drive containing 8,000 BTC (worth over $500M) \u2014 the blockchain records prove he owns them, but they&#039;re buried in a landfill.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"blockchain\">Blockchain<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"transaction-hash\">Transaction Hash (TxHash)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"private-key\">Private Key<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"cryptocurrency-exchange\"\n             data-cat=\"trading\" \n             data-diff=\"1\" \n             data-letter=\"C\"\n             data-term=\"cryptocurrency exchange\"\n             data-def=\"an online platform where you can buy, sell, and trade cryptocurrencies using fiat currency or other digital assets.\"\n             id=\"term-cryptocurrency-exchange\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Cryptocurrency Exchange<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Handel<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An online platform where you can buy, sell, and trade cryptocurrencies using fiat currency or other digital assets.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Exchanges can be centralized (like Binance and Coinbase, where the company holds custody of your assets) or decentralized (like Uniswap, where you trade directly from your wallet). The choice of exchange affects your fees, security, available coins, and user experience.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The largest exchange, Binance, processes over $20 billion in trades per day \u2014 more than many stock exchanges.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"kyc\">KYC (kend din kunde)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"maker-taker\">Maker \/ Taker<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"order-book\">Order Book<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dex\">DEX (Decentralized Exchange)<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/da\/hvad-er-en-kryptovaluta-bors\/\">\n                    \ud83d\udcd6 What Is a Cryptocurrency Exchange?                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"market-order\"\n             data-cat=\"trading\" \n             data-diff=\"1\" \n             data-letter=\"M\"\n             data-term=\"market order\"\n             data-def=\"an order to buy or sell a cryptocurrency immediately at the best available current price.\"\n             id=\"term-market-order\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Markedsordre<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Handel<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An order to buy or sell a cryptocurrency immediately at the best available current price.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewbox=\"0 0 600 120\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"30\" y=\"15\" width=\"240\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#F87171\" stroke-width=\"2\"\/><text x=\"150\" y=\"40\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"12\" font-weight=\"700\">Markedsordre<\/text><text x=\"150\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"10\">\"Buy NOW at current price\"<\/text><text x=\"150\" y=\"76\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">\u26a1 Instant \u2022 Higher fee (taker)<\/text><text x=\"150\" y=\"92\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">No price control \u2022 Best for speed<\/text><rect x=\"330\" y=\"15\" width=\"240\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"450\" y=\"40\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"12\" font-weight=\"700\">Begr\u00e6nset ordre<\/text><text x=\"450\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"10\">\"Buy at $X or better\"<\/text><text x=\"450\" y=\"76\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">\u23f3 Waits for price \u2022 Lower fee (maker)<\/text><text x=\"450\" y=\"92\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Full price control \u2022 May not fill<\/text><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Market orders execute instantly but you have no control over the exact price \u2014 you get whatever the market is offering at that moment. On highly liquid pairs like BTC\/USDT, slippage is usually negligible. On low-liquidity pairs, slippage can be significant.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Over 70% of trades on centralized exchanges are market orders \u2014 most people prefer speed over price precision.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"limit-order\">Begr\u00e6nset ordre<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"maker-taker\">Maker \/ Taker<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"slippage\">Slippage<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"order-book\">Order Book<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"limit-order\"\n             data-cat=\"trading\" \n             data-diff=\"1\" \n             data-letter=\"L\"\n             data-term=\"limit order\"\n             data-def=\"an order to buy or sell a cryptocurrency at a specific price or better. it only executes when the market reaches your target price.\"\n             id=\"term-limit-order\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Begr\u00e6nset ordre<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Handel<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An order to buy or sell a cryptocurrency at a specific price or better. It only executes when the market reaches your target price.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewbox=\"0 0 600 120\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"30\" y=\"15\" width=\"240\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#F87171\" stroke-width=\"2\"\/><text x=\"150\" y=\"40\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"12\" font-weight=\"700\">Markedsordre<\/text><text x=\"150\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"10\">\"Buy NOW at current price\"<\/text><text x=\"150\" y=\"76\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">\u26a1 Instant \u2022 Higher fee (taker)<\/text><text x=\"150\" y=\"92\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">No price control \u2022 Best for speed<\/text><rect x=\"330\" y=\"15\" width=\"240\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"450\" y=\"40\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"12\" font-weight=\"700\">Begr\u00e6nset ordre<\/text><text x=\"450\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"10\">\"Buy at $X or better\"<\/text><text x=\"450\" y=\"76\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">\u23f3 Waits for price \u2022 Lower fee (maker)<\/text><text x=\"450\" y=\"92\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Full price control \u2022 May not fill<\/text><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Limit orders give you more control over your entry price but may never execute if the market doesn&#039;t reach your target. They typically have lower fees than market orders (maker fees vs. taker fees). Learning to use limit orders is one of the easiest ways to reduce trading costs.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>On MEXC, limit orders have 0% fees \u2014 making them completely free. This alone can save hundreds per year for active traders.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"market-order\">Markedsordre<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"maker-taker\">Maker \/ Taker<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"spread\">Spread<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"maker-taker\"\n             data-cat=\"trading\" \n             data-diff=\"1\" \n             data-letter=\"M\"\n             data-term=\"maker \/ taker\"\n             data-def=\"makers add liquidity to the order book (limit orders); takers remove liquidity (market orders). maker fees are typically lower.\"\n             id=\"term-maker-taker\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Maker \/ Taker<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Handel<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Makers add liquidity to the order book (limit orders); takers remove liquidity (market orders). Maker fees are typically lower.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewbox=\"0 0 600 130\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"170\" y=\"10\" width=\"260\" height=\"40\" rx=\"6\" fill=\"#222938\" stroke=\"#353E50\" stroke-width=\"1\"\/><text x=\"300\" y=\"35\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"11\" font-weight=\"600\">\ud83d\udcd6 Order Book<\/text><rect x=\"30\" y=\"70\" width=\"170\" height=\"50\" rx=\"8\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"115\" y=\"90\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"11\" font-weight=\"700\">Maker (limit order)<\/text><text x=\"115\" y=\"106\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Adds liquidity \u2192 Lower fee<\/text><line x1=\"115\" y1=\"68\" x2=\"250\" y2=\"50\" stroke=\"#4ADE80\" stroke-width=\"1.5\" stroke-dasharray=\"4 3\"\/><rect x=\"400\" y=\"70\" width=\"170\" height=\"50\" rx=\"8\" fill=\"#1C2230\" stroke=\"#38BDF8\" stroke-width=\"2\"\/><text x=\"485\" y=\"90\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"11\" font-weight=\"700\">Taker (market order)<\/text><text x=\"485\" y=\"106\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Takes liquidity \u2192 Higher fee<\/text><line x1=\"485\" y1=\"68\" x2=\"350\" y2=\"50\" stroke=\"#38BDF8\" stroke-width=\"1.5\" stroke-dasharray=\"4 3\"\/><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>When you place a limit order that doesn&#039;t execute immediately, you&#039;re a maker \u2014 adding an order to the book for others to fill. When you place a market order that executes instantly, you&#039;re a taker \u2014 taking an existing order from the book.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The maker-taker model was invented by electronic exchanges in the 1990s \u2014 crypto adopted it from traditional finance.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"market-order\">Markedsordre<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"limit-order\">Begr\u00e6nset ordre<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"spread\">Spread<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"liquidity\">Likviditet<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"spread\"\n             data-cat=\"trading\" \n             data-diff=\"2\" \n             data-letter=\"S\"\n             data-term=\"spread\"\n             data-def=\"the difference between the highest price a buyer is willing to pay (bid) and the lowest price a seller is willing to accept (ask).\"\n             id=\"term-spread\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Spread<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Handel<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The difference between the highest price a buyer is willing to pay (bid) and the lowest price a seller is willing to accept (ask).<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>A tighter spread means higher liquidity and lower trading costs. Major pairs like BTC\/USDT on large exchanges have very tight spreads. Less liquid pairs or smaller exchanges may have wider spreads, effectively increasing your cost.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Bitcoin&#039;s spread on Binance is often less than $0.01 \u2014 on some small exchanges, it can exceed $100.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"liquidity\">Likviditet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"order-book\">Order Book<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"maker-taker\">Maker \/ Taker<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"slippage\">Slippage<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"liquidity\"\n             data-cat=\"trading\" \n             data-diff=\"2\" \n             data-letter=\"L\"\n             data-term=\"liquidity\"\n             data-def=\"how easily an asset can be bought or sold without significantly affecting its price. high liquidity means large trades can be executed with minimal price impact.\"\n             id=\"term-liquidity\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Likviditet<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Handel<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">How easily an asset can be bought or sold without significantly affecting its price. High liquidity means large trades can be executed with minimal price impact.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Bitcoin and Ethereum have the highest liquidity in crypto \u2014 you can buy or sell millions of dollars worth without moving the price much. Small-cap altcoins often have low liquidity, meaning even modest trades can cause large price swings.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Bitcoin&#039;s daily trading volume regularly exceeds $30 billion \u2014 more liquid than most individual stocks on the NYSE.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"spread\">Spread<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"volume\">Volumen<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"order-book\">Order Book<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"liquidity-pool\">Likviditetspulje<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"order-book\"\n             data-cat=\"trading\" \n             data-diff=\"2\" \n             data-letter=\"O\"\n             data-term=\"order book\"\n             data-def=\"a real-time list of all open buy and sell orders for a particular trading pair on an exchange, organized by price.\"\n             id=\"term-order-book\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Order Book<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Handel<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A real-time list of all open buy and sell orders for a particular trading pair on an exchange, organized by price.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>The order book shows market depth \u2014 how many orders exist at each price level. A deep order book indicates high liquidity. Traders use order books to gauge supply and demand and identify support and resistance levels.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Some high-frequency traders place and cancel thousands of orders per second to probe the order book for information.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"spread\">Spread<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"liquidity\">Likviditet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"market-order\">Markedsordre<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"limit-order\">Begr\u00e6nset ordre<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"trading-pair\"\n             data-cat=\"trading\" \n             data-diff=\"1\" \n             data-letter=\"T\"\n             data-term=\"trading pair\"\n             data-def=\"two assets that can be traded against each other on an exchange, such as btc\/usdt or eth\/btc.\"\n             id=\"term-trading-pair\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Trading Pair<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Handel<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Two assets that can be traded against each other on an exchange, such as BTC\/USDT or ETH\/BTC.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>The first asset in the pair (base currency) is what you&#039;re buying or selling. The second (quote currency) is what you&#039;re paying with or receiving. Not all exchanges support all trading pairs.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>BTC\/USDT is the most traded pair in all of crypto, with more daily volume than most country&#039;s entire stock markets.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"cryptocurrency-exchange\">Cryptocurrency Exchange<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"liquidity\">Likviditet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"spread\">Spread<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"kyc\"\n             data-cat=\"trading\" \n             data-diff=\"1\" \n             data-letter=\"K\"\n             data-term=\"kyc (know your customer)\"\n             data-def=\"identity verification required by most regulated exchanges before you can trade. typically involves uploading a government-issued id.\"\n             id=\"term-kyc\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">KYC (kend din kunde)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Handel<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Identity verification required by most regulated exchanges before you can trade. Typically involves uploading a government-issued ID.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>KYC is a regulatory requirement designed to prevent money laundering, fraud, and terrorist financing. Most reputable exchanges require it before you can deposit fiat currency or withdraw funds.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The average KYC verification now takes under 5 minutes with AI-powered document scanning \u2014 it used to take days.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"aml\">AML (Anti-Money Laundering)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"cryptocurrency-exchange\">Cryptocurrency Exchange<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"aml\"\n             data-cat=\"trading\" \n             data-diff=\"2\" \n             data-letter=\"A\"\n             data-term=\"aml (anti-money laundering)\"\n             data-def=\"laws and regulations designed to prevent the conversion of illegally obtained money into legitimate assets. exchanges must comply with aml requirements.\"\n             id=\"term-aml\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">AML (Anti-Money Laundering)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Handel<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Laws and regulations designed to prevent the conversion of illegally obtained money into legitimate assets. Exchanges must comply with AML requirements.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>AML regulations require exchanges to monitor transactions for suspicious activity, report large or unusual transfers, and maintain records. These regulations vary by jurisdiction but are increasingly standardized globally.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Crypto exchanges reported over $30 billion in suspicious transactions to regulators in 2024 alone.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"kyc\">KYC (kend din kunde)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"sec\">SEC (Securities and Exchange Commission)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"travel-rule\">Travel Rule<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"slippage\"\n             data-cat=\"trading\" \n             data-diff=\"2\" \n             data-letter=\"S\"\n             data-term=\"slippage\"\n             data-def=\"the difference between the expected price of a trade and the actual price at which it executes.\"\n             id=\"term-slippage\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Slippage<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Handel<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The difference between the expected price of a trade and the actual price at which it executes.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Slippage occurs most often with market orders on low-liquidity pairs. Setting a slippage tolerance (common in DEX trading) limits how much price movement you&#039;ll accept before the trade fails.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>During flash crashes, slippage on DEXs has exceeded 50% \u2014 traders expecting to buy at one price received half as much.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"market-order\">Markedsordre<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"liquidity\">Likviditet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dex\">DEX (Decentralized Exchange)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"volume\"\n             data-cat=\"trading\" \n             data-diff=\"1\" \n             data-letter=\"V\"\n             data-term=\"volume\"\n             data-def=\"the total amount of a cryptocurrency traded within a specific time period, usually measured in 24 hours.\"\n             id=\"term-volume\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Volumen<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Handel<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The total amount of a cryptocurrency traded within a specific time period, usually measured in 24 hours.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>High volume indicates active trading interest and typically correlates with higher liquidity and tighter spreads. Volume spikes often accompany significant price movements.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>On the day Bitcoin first hit $100,000, trading volume across all exchanges exceeded $90 billion in 24 hours.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"liquidity\">Likviditet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"market-capitalization\">Market Capitalization<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"market-capitalization\"\n             data-cat=\"trading\" \n             data-diff=\"1\" \n             data-letter=\"M\"\n             data-term=\"market capitalization\"\n             data-def=\"the total value of a cryptocurrency, calculated by multiplying the current price by the total circulating supply.\"\n             id=\"term-market-capitalization\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Market Capitalization<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Handel<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The total value of a cryptocurrency, calculated by multiplying the current price by the total circulating supply.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Market cap is the most common way to rank cryptocurrencies by size. It is categorized as large-cap (&gt;$10B), mid-cap ($1-10B), and small-cap (&lt;$1B). Smaller market caps generally mean higher volatility and risk.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Bitcoin&#039;s market cap briefly exceeded $2 trillion in 2024, placing it among the top 10 most valuable assets on Earth.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"volume\">Volumen<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"tokenomics\">Tokenomics<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"all-time-high\">H\u00f8jeste nogensinde (ATH)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"all-time-high\"\n             data-cat=\"trading\" \n             data-diff=\"1\" \n             data-letter=\"A\"\n             data-term=\"all-time high (ath)\"\n             data-def=\"the highest price a cryptocurrency has ever reached.\"\n             id=\"term-all-time-high\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">H\u00f8jeste nogensinde (ATH)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Handel<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The highest price a cryptocurrency has ever reached.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>ATH is often used as a psychological reference point. Many altcoins from previous bull markets have never recovered to their ATH \u2014 a reminder that past highs are not guaranteed to be revisited.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Over 95% of all altcoins that existed during the 2017 bull market never returned to their ATH.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"bear-market\">Bj\u00f8rnemarked<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"bull-market\">Bull Market<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"market-capitalization\">Market Capitalization<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"bear-market\"\n             data-cat=\"trading\" \n             data-diff=\"1\" \n             data-letter=\"B\"\n             data-term=\"bear market\"\n             data-def=\"a prolonged period of declining prices, typically defined as a 20%+ decline from recent highs.\"\n             id=\"term-bear-market\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Bj\u00f8rnemarked<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Handel<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A prolonged period of declining prices, typically defined as a 20%+ decline from recent highs.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewbox=\"0 0 600 120\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M 30 90 Q 100 90, 150 60 Q 200 20, 250 30 Q 300 40, 330 80 Q 360 100, 400 95 Q 440 90, 480 50 Q 520 10, 560 20\" fill=\"none\" stroke=\"#4ADE80\" stroke-width=\"2.5\"\/><text x=\"180\" y=\"18\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"9\" font-weight=\"600\">Bull Market \ud83d\udcc8<\/text><text x=\"380\" y=\"108\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"9\" font-weight=\"600\">Bear Market \ud83d\udcc9<\/text><text x=\"530\" y=\"15\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"9\" font-weight=\"600\">Recovery \ud83d\udcc8<\/text><line x1=\"250\" y1=\"30\" x2=\"250\" y2=\"35\" stroke=\"#FBBF24\" stroke-width=\"1\"\/><text x=\"250\" y=\"50\" text-anchor=\"middle\" fill=\"#FBBF24\" font-size=\"7\">ATH<\/text><line x1=\"400\" y1=\"95\" x2=\"400\" y2=\"85\" stroke=\"#38BDF8\" stroke-width=\"1\"\/><text x=\"400\" y=\"80\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"7\">Bottom<\/text><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>The most recent crypto bear market ran from late 2021 through 2022, with Bitcoin falling from ~$69,000 to ~$16,000. Bear markets can last months or years and are a normal part of market cycles.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Bitcoin has experienced 4 major bear markets \u2014 each time falling 70-85% \u2014 and each time recovering to new all-time highs.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"bull-market\">Bull Market<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"volatility\">Volatilitet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dollar-cost-averaging\">Dollar-Cost Averaging (DCA)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"fomo\">FOMO<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"bull-market\"\n             data-cat=\"trading\" \n             data-diff=\"1\" \n             data-letter=\"B\"\n             data-term=\"bull market\"\n             data-def=\"a prolonged period of rising prices, characterized by optimism, investor confidence, and increasing demand.\"\n             id=\"term-bull-market\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Bull Market<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Handel<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A prolonged period of rising prices, characterized by optimism, investor confidence, and increasing demand.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewbox=\"0 0 600 120\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M 30 90 Q 100 90, 150 60 Q 200 20, 250 30 Q 300 40, 330 80 Q 360 100, 400 95 Q 440 90, 480 50 Q 520 10, 560 20\" fill=\"none\" stroke=\"#4ADE80\" stroke-width=\"2.5\"\/><text x=\"180\" y=\"18\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"9\" font-weight=\"600\">Bull Market \ud83d\udcc8<\/text><text x=\"380\" y=\"108\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"9\" font-weight=\"600\">Bear Market \ud83d\udcc9<\/text><text x=\"530\" y=\"15\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"9\" font-weight=\"600\">Recovery \ud83d\udcc8<\/text><line x1=\"250\" y1=\"30\" x2=\"250\" y2=\"35\" stroke=\"#FBBF24\" stroke-width=\"1\"\/><text x=\"250\" y=\"50\" text-anchor=\"middle\" fill=\"#FBBF24\" font-size=\"7\">ATH<\/text><line x1=\"400\" y1=\"95\" x2=\"400\" y2=\"85\" stroke=\"#38BDF8\" stroke-width=\"1\"\/><text x=\"400\" y=\"80\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"7\">Bottom<\/text><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Crypto bull markets have historically been triggered by Bitcoin halving events, which occur roughly every four years. Bull markets often end with a period of euphoria and overvaluation before correcting.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The 2020-2021 bull market saw Bitcoin rise 1,200% in 18 months \u2014 from ~$5,000 to ~$69,000.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"bear-market\">Bj\u00f8rnemarked<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"halving\">Halvering af<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"fomo\">FOMO<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"volatility\">Volatilitet<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"volatility\"\n             data-cat=\"trading\" \n             data-diff=\"1\" \n             data-letter=\"V\"\n             data-term=\"volatility\"\n             data-def=\"the degree to which a cryptocurrency&#039;s price fluctuates over time. high volatility means large price swings in short periods.\"\n             id=\"term-volatility\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Volatilitet<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Handel<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The degree to which a cryptocurrency&#039;s price fluctuates over time. High volatility means large price swings in short periods.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Bitcoin regularly experiences 5-10% daily moves, and altcoins can move 20-50% in a single day. This volatility creates both opportunity and risk.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Bitcoin is approximately 5x more volatile than the S&amp;P 500, and small-cap altcoins can be 20x more volatile.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"bear-market\">Bj\u00f8rnemarked<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"bull-market\">Bull Market<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dollar-cost-averaging\">Dollar-Cost Averaging (DCA)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"fomo\"\n             data-cat=\"trading\" \n             data-diff=\"1\" \n             data-letter=\"F\"\n             data-term=\"fomo\"\n             data-def=\"fear of missing out \u2014 the anxiety that others are profiting from an opportunity you&#039;re not participating in, leading to impulsive buying.\"\n             id=\"term-fomo\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">FOMO<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Handel<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Fear Of Missing Out \u2014 the anxiety that others are profiting from an opportunity you&#039;re not participating in, leading to impulsive buying.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>FOMO is one of the biggest drivers of poor investment decisions in crypto. It typically peaks near the top of a rally. The antidote is having a pre-defined investment plan.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Google searches for &quot;buy Bitcoin&quot; consistently peak at local price highs \u2014 when FOMO is strongest and buying is riskiest.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"fud\">FUD<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dollar-cost-averaging\">Dollar-Cost Averaging (DCA)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"bull-market\">Bull Market<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"aping-in\">Aping In<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"fud\"\n             data-cat=\"trading\" \n             data-diff=\"1\" \n             data-letter=\"F\"\n             data-term=\"fud\"\n             data-def=\"fear, uncertainty, and doubt \u2014 negative information spread to cause fear and drive prices down, sometimes deliberately.\"\n             id=\"term-fud\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">FUD<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Handel<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Fear, Uncertainty, and Doubt \u2014 negative information spread to cause fear and drive prices down, sometimes deliberately.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>FUD can be legitimate concerns or manufactured misinformation. Learning to distinguish between genuine risk and manufactured FUD is a critical skill for crypto investors.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>China has &quot;banned Bitcoin&quot; at least 18 different times according to media headlines \u2014 a running joke about recycled FUD.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"fomo\">FOMO<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"bear-market\">Bj\u00f8rnemarked<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"volatility\">Volatilitet<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"dollar-cost-averaging\"\n             data-cat=\"trading\" \n             data-diff=\"1\" \n             data-letter=\"D\"\n             data-term=\"dollar-cost averaging (dca)\"\n             data-def=\"an investment strategy where you invest a fixed amount at regular intervals regardless of price, reducing the impact of volatility.\"\n             id=\"term-dollar-cost-averaging\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Dollar-Cost Averaging (DCA)<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Handel<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An investment strategy where you invest a fixed amount at regular intervals regardless of price, reducing the impact of volatility.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewbox=\"0 0 600 120\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M 40 80 Q 100 30, 160 50 Q 220 70, 280 40 Q 340 10, 400 60 Q 460 90, 520 35\" fill=\"none\" stroke=\"#8A94A6\" stroke-width=\"1.5\" stroke-dasharray=\"4 3\"\/><text x=\"530\" y=\"40\" fill=\"#8A94A6\" font-size=\"8\">Price<\/text><line x1=\"100\" y1=\"20\" x2=\"100\" y2=\"100\" stroke=\"#4ADE80\" stroke-width=\"1.5\" opacity=\"0.6\"\/><circle cx=\"100\" cy=\"45\" r=\"4\" fill=\"#4ADE80\"\/><text x=\"100\" y=\"112\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"7\">$100<\/text><line x1=\"200\" y1=\"20\" x2=\"200\" y2=\"100\" stroke=\"#4ADE80\" stroke-width=\"1.5\" opacity=\"0.6\"\/><circle cx=\"200\" cy=\"58\" r=\"4\" fill=\"#4ADE80\"\/><text x=\"200\" y=\"112\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"7\">$100<\/text><line x1=\"300\" y1=\"20\" x2=\"300\" y2=\"100\" stroke=\"#4ADE80\" stroke-width=\"1.5\" opacity=\"0.6\"\/><circle cx=\"300\" cy=\"35\" r=\"4\" fill=\"#4ADE80\"\/><text x=\"300\" y=\"112\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"7\">$100<\/text><line x1=\"400\" y1=\"20\" x2=\"400\" y2=\"100\" stroke=\"#4ADE80\" stroke-width=\"1.5\" opacity=\"0.6\"\/><circle cx=\"400\" cy=\"60\" r=\"4\" fill=\"#4ADE80\"\/><text x=\"400\" y=\"112\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"7\">$100<\/text><line x1=\"500\" y1=\"20\" x2=\"500\" y2=\"100\" stroke=\"#4ADE80\" stroke-width=\"1.5\" opacity=\"0.6\"\/><circle cx=\"500\" cy=\"38\" r=\"4\" fill=\"#4ADE80\"\/><text x=\"500\" y=\"112\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"7\">$100<\/text><text x=\"300\" y=\"10\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"9\" font-weight=\"600\">Same amount every week \u2014 buy more when cheap, less when expensive<\/text><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Instead of trying to time the market, DCA investors buy a fixed amount whether the price is high or low. Over time, this smooths out your average entry price. It&#039;s widely considered the most sensible approach for most investors.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Someone who DCA&#039;d $100\/week into Bitcoin since 2017 would have turned $36,400 into over $150,000 \u2014 despite buying through two bear markets.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"volatility\">Volatilitet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"bear-market\">Bj\u00f8rnemarked<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"bull-market\">Bull Market<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"fomo\">FOMO<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"defi\"\n             data-cat=\"defi\" \n             data-diff=\"2\" \n             data-letter=\"D\"\n             data-term=\"defi (decentralized finance)\"\n             data-def=\"financial services built on blockchain technology that operate without traditional intermediaries like banks or brokerages.\"\n             id=\"term-defi\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">DeFi (decentraliseret finansiering)<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">DeFi<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Financial services built on blockchain technology that operate without traditional intermediaries like banks or brokerages.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewbox=\"0 0 600 130\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"100\" y=\"85\" width=\"400\" height=\"35\" rx=\"6\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"300\" y=\"107\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"10\" font-weight=\"600\">Layer 1: Ethereum \/ Solana \/ Base<\/text><rect x=\"130\" y=\"45\" width=\"150\" height=\"35\" rx=\"6\" fill=\"#1C2230\" stroke=\"#38BDF8\" stroke-width=\"2\"\/><text x=\"205\" y=\"67\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"10\" font-weight=\"600\">Lending (Aave)<\/text><rect x=\"320\" y=\"45\" width=\"150\" height=\"35\" rx=\"6\" fill=\"#1C2230\" stroke=\"#FF007A\" stroke-width=\"2\"\/><text x=\"395\" y=\"67\" text-anchor=\"middle\" fill=\"#FF007A\" font-size=\"10\" font-weight=\"600\">Trading (Uniswap)<\/text><rect x=\"180\" y=\"5\" width=\"240\" height=\"35\" rx=\"6\" fill=\"#1C2230\" stroke=\"#FBBF24\" stroke-width=\"2\"\/><text x=\"300\" y=\"27\" text-anchor=\"middle\" fill=\"#FBBF24\" font-size=\"10\" font-weight=\"600\">Yield Aggregators \/ DAOs \/ Wallets<\/text><line x1=\"205\" y1=\"80\" x2=\"205\" y2=\"85\" stroke=\"#8A94A6\" stroke-width=\"1\" stroke-dasharray=\"3 2\"\/><line x1=\"395\" y1=\"80\" x2=\"395\" y2=\"85\" stroke=\"#8A94A6\" stroke-width=\"1\" stroke-dasharray=\"3 2\"\/><line x1=\"300\" y1=\"40\" x2=\"300\" y2=\"45\" stroke=\"#8A94A6\" stroke-width=\"1\" stroke-dasharray=\"3 2\"\/><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>DeFi enables lending, borrowing, trading, insurance, and yield generation through smart contracts rather than centralized institutions. Key DeFi platforms include Aave (lending), Uniswap (trading), and MakerDAO (stablecoin generation).<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The total value locked in DeFi has exceeded $200 billion \u2014 more than the GDP of many countries.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"smart-contract\">Smart kontrakt<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dex\">DEX (Decentralized Exchange)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"liquidity-pool\">Likviditetspulje<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"tvl\">TVL (Total Value Locked)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"dex\"\n             data-cat=\"defi\" \n             data-diff=\"2\" \n             data-letter=\"D\"\n             data-term=\"dex (decentralized exchange)\"\n             data-def=\"a cryptocurrency exchange that operates without a central authority, allowing peer-to-peer trading directly from user wallets.\"\n             id=\"term-dex\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">DEX (Decentralized Exchange)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">DeFi<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A cryptocurrency exchange that operates without a central authority, allowing peer-to-peer trading directly from user wallets.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Unlike centralized exchanges, DEXs like Uniswap never hold custody of your funds. You connect your wallet, approve the trade, and the smart contract executes the swap. DEXs offer more privacy and token variety but typically have less liquidity.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Uniswap has processed over $2 trillion in cumulative trading volume \u2014 with zero employees handling trades.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"amm\">AMM (Automated Market Maker)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"liquidity-pool\">Likviditetspulje<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"slippage\">Slippage<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"cryptocurrency-exchange\">Cryptocurrency Exchange<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/da\/hvordan-man-kober\/kob-uniswap-uni-en-simpel-guide\/\">\n                    \ud83d\udcd6 How to Buy Uniswap                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"liquidity-pool\"\n             data-cat=\"defi\" \n             data-diff=\"2\" \n             data-letter=\"L\"\n             data-term=\"liquidity pool\"\n             data-def=\"a collection of funds locked in a smart contract that provides liquidity for trading on a decentralized exchange.\"\n             id=\"term-liquidity-pool\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Likviditetspulje<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">DeFi<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A collection of funds locked in a smart contract that provides liquidity for trading on a decentralized exchange.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewbox=\"0 0 600 130\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"180\" y=\"10\" width=\"240\" height=\"80\" rx=\"16\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"300\" y=\"35\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"12\" font-weight=\"700\">Likviditetspulje<\/text><text x=\"240\" y=\"60\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"11\" font-weight=\"600\">500 ETH<\/text><text x=\"300\" y=\"60\" text-anchor=\"middle\" fill=\"#5A6478\" font-size=\"11\">+<\/text><text x=\"360\" y=\"60\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"11\" font-weight=\"600\">$1M USDC<\/text><text x=\"300\" y=\"78\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">Price set by ratio (x \u00d7 y = k)<\/text><rect x=\"20\" y=\"40\" width=\"120\" height=\"45\" rx=\"8\" fill=\"#1C2230\" stroke=\"#38BDF8\" stroke-width=\"1.5\"\/><text x=\"80\" y=\"58\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"9\" font-weight=\"600\">LP Provider<\/text><text x=\"80\" y=\"72\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">Earns fees \ud83d\udcb0<\/text><line x1=\"140\" y1=\"62\" x2=\"180\" y2=\"50\" stroke=\"#38BDF8\" stroke-width=\"1\" stroke-dasharray=\"3 3\"\/><rect x=\"460\" y=\"40\" width=\"120\" height=\"45\" rx=\"8\" fill=\"#1C2230\" stroke=\"#FBBF24\" stroke-width=\"1.5\"\/><text x=\"520\" y=\"58\" text-anchor=\"middle\" fill=\"#FBBF24\" font-size=\"9\" font-weight=\"600\">Trader<\/text><text x=\"520\" y=\"72\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">Swaps tokens \u2194<\/text><line x1=\"460\" y1=\"62\" x2=\"420\" y2=\"50\" stroke=\"#FBBF24\" stroke-width=\"1\" stroke-dasharray=\"3 3\"\/><text x=\"300\" y=\"120\" text-anchor=\"middle\" fill=\"#5A6478\" font-size=\"8\">Traders swap against the pool \u2022 LPs earn a share of every trade<\/text><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Instead of an order book, DEXs use liquidity pools where users deposit pairs of tokens. Traders swap against the pool, and the price adjusts algorithmically. Liquidity providers earn a share of trading fees as a reward.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The largest liquidity pool on Uniswap (ETH\/USDC) holds over $500 million in deposited tokens.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dex\">DEX (Decentralized Exchange)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"amm\">AMM (Automated Market Maker)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"impermanent-loss\">Impermanent Tab<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"yield-farming\">Udbytteopdr\u00e6t<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"yield-farming\"\n             data-cat=\"defi\" \n             data-diff=\"3\" \n             data-letter=\"Y\"\n             data-term=\"yield farming\"\n             data-def=\"the practice of moving crypto assets between different defi protocols to maximize returns from lending, staking, and liquidity provision.\"\n             id=\"term-yield-farming\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Avanceret\"><\/span>\n                    <span class=\"scg-gl-card-term\">Udbytteopdr\u00e6t<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">DeFi<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The practice of moving crypto assets between different DeFi protocols to maximize returns from lending, staking, and liquidity provision.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Yield farmers chase the highest APY across multiple platforms. While potentially lucrative, yield farming carries significant risks: smart contract bugs, impermanent loss, and token devaluation.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>During DeFi Summer 2020, some yield farms offered 10,000%+ APY \u2014 almost all of which collapsed within weeks.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"apy-apr\">APY \/ APR<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"liquidity-pool\">Likviditetspulje<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"impermanent-loss\">Impermanent Tab<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"defi\">DeFi (decentraliseret finansiering)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"impermanent-loss\"\n             data-cat=\"defi\" \n             data-diff=\"3\" \n             data-letter=\"I\"\n             data-term=\"impermanent loss\"\n             data-def=\"the temporary loss experienced by liquidity providers when the price ratio of their deposited tokens changes compared to simply holding them.\"\n             id=\"term-impermanent-loss\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Avanceret\"><\/span>\n                    <span class=\"scg-gl-card-term\">Impermanent Tab<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">DeFi<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The temporary loss experienced by liquidity providers when the price ratio of their deposited tokens changes compared to simply holding them.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewbox=\"0 0 600 120\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"20\" y=\"10\" width=\"260\" height=\"100\" rx=\"10\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"150\" y=\"30\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"10\" font-weight=\"700\">Just HODL<\/text><text x=\"150\" y=\"52\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"10\">1 ETH ($2,000) + $2,000 USDC<\/text><text x=\"150\" y=\"70\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">ETH doubles to $4,000 \u2192<\/text><text x=\"150\" y=\"88\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"11\" font-weight=\"700\">Total: $6,000<\/text><rect x=\"320\" y=\"10\" width=\"260\" height=\"100\" rx=\"10\" fill=\"#1C2230\" stroke=\"#F87171\" stroke-width=\"2\"\/><text x=\"450\" y=\"30\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"10\" font-weight=\"700\">Provide Liquidity<\/text><text x=\"450\" y=\"52\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"10\">Pool rebalances as ETH rises<\/text><text x=\"450\" y=\"70\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">You get ~0.7 ETH + ~$2,800 USDC<\/text><text x=\"450\" y=\"88\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"11\" font-weight=\"700\">Total: ~$5,657 (\u2212$343)<\/text><text x=\"300\" y=\"118\" text-anchor=\"middle\" fill=\"#FBBF24\" font-size=\"9\" font-weight=\"600\">The $343 difference = Impermanent Loss<\/text><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>If you deposit ETH and USDC into a pool and ETH doubles, you&#039;d have been better off just holding. The &quot;loss&quot; is impermanent because it reverses if prices return to the original ratio. If you withdraw while the ratio has changed, it becomes permanent.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Studies show the average Uniswap v3 liquidity provider actually loses money after accounting for impermanent loss.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"liquidity-pool\">Likviditetspulje<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"amm\">AMM (Automated Market Maker)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dex\">DEX (Decentralized Exchange)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"tvl\"\n             data-cat=\"defi\" \n             data-diff=\"2\" \n             data-letter=\"T\"\n             data-term=\"tvl (total value locked)\"\n             data-def=\"the total amount of crypto assets deposited in a defi protocol, used as a measure of the protocol&#039;s size and adoption.\"\n             id=\"term-tvl\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">TVL (Total Value Locked)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">DeFi<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The total amount of crypto assets deposited in a DeFi protocol, used as a measure of the protocol&#039;s size and adoption.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>TVL is the most common metric for comparing DeFi protocols. A higher TVL generally indicates more trust and usage. DeFiLlama is the most widely used tool for tracking TVL.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Lido, a liquid staking protocol, holds the highest TVL of any DeFi protocol at over $30 billion.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"defi\">DeFi (decentraliseret finansiering)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"liquidity-pool\">Likviditetspulje<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"staking\">Udstakning<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"apy-apr\"\n             data-cat=\"defi\" \n             data-diff=\"2\" \n             data-letter=\"A\"\n             data-term=\"apy \/ apr\"\n             data-def=\"apr (annual percentage rate) is the simple interest rate. apy (annual percentage yield) includes compound interest, making it always higher.\"\n             id=\"term-apy-apr\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">APY \/ APR<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">DeFi<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">APR (Annual Percentage Rate) is the simple interest rate. APY (Annual Percentage Yield) includes compound interest, making it always higher.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>A 10% APR means you earn 10% per year. APY includes compounding, so it&#039;s slightly more. In DeFi, advertised rates can fluctuate dramatically \u2014 a 100% APY today may drop to 10% next week.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The highest sustainable APY in major DeFi protocols is typically 3-8%. Anything above 20% should be viewed with extreme skepticism.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"yield-farming\">Udbytteopdr\u00e6t<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"staking\">Udstakning<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"defi\">DeFi (decentraliseret finansiering)<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/da\/what-is-annualized-percentage-yield-apy-in-crypto\/\">\n                    \ud83d\udcd6 Understanding APY in Crypto                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"flash-loan\"\n             data-cat=\"defi\" \n             data-diff=\"3\" \n             data-letter=\"F\"\n             data-term=\"flash loan\"\n             data-def=\"an uncollateralized loan that must be borrowed and repaid within a single blockchain transaction. if not repaid, the entire transaction reverts.\"\n             id=\"term-flash-loan\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Avanceret\"><\/span>\n                    <span class=\"scg-gl-card-term\">Flash Loan<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">DeFi<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An uncollateralized loan that must be borrowed and repaid within a single blockchain transaction. If not repaid, the entire transaction reverts.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Flash loans are unique to DeFi. They&#039;re used for arbitrage, collateral swaps, and liquidations \u2014 but also exploited in attacks where millions are borrowed, used to manipulate prices, and repaid in one transaction.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The largest flash loan ever taken was $200 million \u2014 borrowed and repaid within a single Ethereum block (~12 seconds).<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"defi\">DeFi (decentraliseret finansiering)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"smart-contract\">Smart kontrakt<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"liquidation\">Liquidation<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"dao\"\n             data-cat=\"defi\" \n             data-diff=\"2\" \n             data-letter=\"D\"\n             data-term=\"dao (decentralized autonomous organization)\"\n             data-def=\"an organization governed by smart contracts and token-holder voting rather than a traditional management structure.\"\n             id=\"term-dao\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">DAO (Decentralized Autonomous Organization)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">DeFi<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An organization governed by smart contracts and token-holder voting rather than a traditional management structure.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>DAO members vote on proposals using governance tokens. Major DAOs include MakerDAO, Uniswap DAO, and Aave DAO. While theoretically democratic, DAOs face challenges with voter participation and large holders dominating votes.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The largest DAO treasury (Uniswap) holds over $3 billion in assets \u2014 governed entirely by token holders.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"governance-token\">Governance Token<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"smart-contract\">Smart kontrakt<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"defi\">DeFi (decentraliseret finansiering)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"governance-token\"\n             data-cat=\"defi\" \n             data-diff=\"2\" \n             data-letter=\"G\"\n             data-term=\"governance token\"\n             data-def=\"a cryptocurrency that gives holders voting rights on the development and management decisions of a defi protocol.\"\n             id=\"term-governance-token\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Governance Token<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">DeFi<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A cryptocurrency that gives holders voting rights on the development and management decisions of a DeFi protocol.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Examples include UNI (Uniswap), AAVE (Aave), and MKR (Maker). Governance tokens let holders vote on fee changes, protocol upgrades, and treasury spending.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Voter participation in most DAOs is below 10% \u2014 meaning a small group of large holders typically controls protocol decisions.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dao\">DAO (Decentralized Autonomous Organization)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"defi\">DeFi (decentraliseret finansiering)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"tokenomics\">Tokenomics<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"lending-protocol\"\n             data-cat=\"defi\" \n             data-diff=\"2\" \n             data-letter=\"L\"\n             data-term=\"lending protocol\"\n             data-def=\"a defi platform that allows users to lend their crypto and earn interest, or borrow against their holdings.\"\n             id=\"term-lending-protocol\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Lending Protocol<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">DeFi<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A DeFi platform that allows users to lend their crypto and earn interest, or borrow against their holdings.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Aave and Compound are the largest. Lenders earn variable interest. Borrowers must over-collateralize (typically 150%+) and face liquidation if collateral value drops.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Aave has facilitated over $100 billion in cumulative loans \u2014 all without a single human loan officer.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"collateral\">Sikkerhedsstillelse<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"liquidation\">Liquidation<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"apy-apr\">APY \/ APR<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"defi\">DeFi (decentraliseret finansiering)<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/da\/hvordan-man-kober\/kob-aave-aave-en-simpel-guide\/\">\n                    \ud83d\udcd6 How to Buy Aave                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"amm\"\n             data-cat=\"defi\" \n             data-diff=\"3\" \n             data-letter=\"A\"\n             data-term=\"amm (automated market maker)\"\n             data-def=\"an algorithm that automatically sets prices and facilitates trades in a liquidity pool, replacing the traditional order book model.\"\n             id=\"term-amm\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Avanceret\"><\/span>\n                    <span class=\"scg-gl-card-term\">AMM (Automated Market Maker)<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">DeFi<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An algorithm that automatically sets prices and facilitates trades in a liquidity pool, replacing the traditional order book model.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewbox=\"0 0 600 120\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><text x=\"300\" y=\"15\" text-anchor=\"middle\" fill=\"#FBBF24\" font-size=\"11\" font-weight=\"700\">x \u00d7 y = k (constant product formula)<\/text><ellipse cx=\"300\" cy=\"65\" rx=\"180\" ry=\"45\" fill=\"none\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"300\" y=\"55\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"10\">Likviditetspulje<\/text><text x=\"220\" y=\"75\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"10\" font-weight=\"600\">Token A<\/text><text x=\"380\" y=\"75\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"10\" font-weight=\"600\">Token B<\/text><text x=\"300\" y=\"118\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">More A you take out \u2192 more expensive A becomes (and vice versa)<\/text><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>AMMs use mathematical formulas (most commonly x*y=k) to determine prices based on the ratio of assets in the pool. When you trade on Uniswap, you&#039;re trading against an AMM, not another person.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The x*y=k formula that powers most AMMs was first proposed in a blog post by Vitalik Buterin in 2017.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dex\">DEX (Decentralized Exchange)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"liquidity-pool\">Likviditetspulje<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"impermanent-loss\">Impermanent Tab<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"wrapped-token\"\n             data-cat=\"defi\" \n             data-diff=\"2\" \n             data-letter=\"W\"\n             data-term=\"wrapped token\"\n             data-def=\"a token on one blockchain that represents an asset from another blockchain. wbtc is bitcoin wrapped for use on ethereum.\"\n             id=\"term-wrapped-token\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Wrapped Token<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">DeFi<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A token on one blockchain that represents an asset from another blockchain. WBTC is Bitcoin wrapped for use on Ethereum.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Wrapping allows assets to be used across different ecosystems. The wrapped token is backed 1:1 by the underlying asset, held in custody by a custodian or smart contract.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Over 150,000 BTC (worth $10B+) exist as Wrapped Bitcoin on Ethereum \u2014 that&#039;s more than many countries&#039; gold reserves.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"bridge\">Bro<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"interoperability\">Interoperabilitet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"defi\">DeFi (decentraliseret finansiering)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"bridge\"\n             data-cat=\"defi\" \n             data-diff=\"2\" \n             data-letter=\"B\"\n             data-term=\"bridge\"\n             data-def=\"a protocol that enables the transfer of tokens or data between two different blockchain networks.\"\n             id=\"term-bridge\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Bro<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">DeFi<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A protocol that enables the transfer of tokens or data between two different blockchain networks.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Bridges are essential for cross-chain interoperability. However, they have been a major target for hackers, with billions lost. Always use well-established bridges and be cautious about the amount transferred.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The Ronin Bridge hack in 2022 ($625M) and Wormhole hack ($320M) are among the largest thefts in crypto history.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"interoperability\">Interoperabilitet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"wrapped-token\">Wrapped Token<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"layer-2\">Layer 2 (L2)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"collateral\"\n             data-cat=\"defi\" \n             data-diff=\"2\" \n             data-letter=\"C\"\n             data-term=\"collateral\"\n             data-def=\"assets pledged as security for a loan. in defi, loans typically require over-collateralization \u2014 depositing more value than you borrow.\"\n             id=\"term-collateral\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Sikkerhedsstillelse<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">DeFi<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Assets pledged as security for a loan. In DeFi, loans typically require over-collateralization \u2014 depositing more value than you borrow.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>To borrow $1,000 in USDC, you might need $1,500 in ETH as collateral. If ETH drops enough, your position is liquidated.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>DeFi requires 150%+ collateralization \u2014 traditional banks lend with as little as 3% down payment on mortgages.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"liquidation\">Liquidation<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"lending-protocol\">Lending Protocol<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"defi\">DeFi (decentraliseret finansiering)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"liquidation\"\n             data-cat=\"defi\" \n             data-diff=\"2\" \n             data-letter=\"L\"\n             data-term=\"liquidation\"\n             data-def=\"the automatic selling of a borrower&#039;s collateral when its value falls below the minimum required ratio.\"\n             id=\"term-liquidation\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Liquidation<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">DeFi<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The automatic selling of a borrower&#039;s collateral when its value falls below the minimum required ratio.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>During sharp drops, mass liquidations can cascade \u2014 falling prices trigger liquidations, creating more selling pressure, triggering more liquidations.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Over $1 billion in crypto positions were liquidated in a single hour during the May 2021 crash.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"collateral\">Sikkerhedsstillelse<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"lending-protocol\">Lending Protocol<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"volatility\">Volatilitet<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"slashing\"\n             data-cat=\"defi\" \n             data-diff=\"3\" \n             data-letter=\"S\"\n             data-term=\"slashing\"\n             data-def=\"a penalty in proof of stake networks where validators lose staked tokens for malicious behavior or negligence.\"\n             id=\"term-slashing\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Avanceret\"><\/span>\n                    <span class=\"scg-gl-card-term\">Slashing<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">DeFi<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A penalty in Proof of Stake networks where validators lose staked tokens for malicious behavior or negligence.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>If a validator attacks the network, goes offline, or validates conflicting blocks, their stake is destroyed. This makes PoS secure \u2014 validators have real money at risk.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Ethereum has slashed over 400 validators since The Merge \u2014 most for running duplicate setups accidentally.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"proof-of-stake\">Proof of Stake (PoS)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"validator\">Validator<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"staking\">Udstakning<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"composability\"\n             data-cat=\"defi\" \n             data-diff=\"3\" \n             data-letter=\"C\"\n             data-term=\"composability\"\n             data-def=\"the ability of defi protocols to interact with and build upon each other, often described as &quot;money legos.&quot;\"\n             id=\"term-composability\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Avanceret\"><\/span>\n                    <span class=\"scg-gl-card-term\">Sammens\u00e6tbarhed<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">DeFi<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The ability of DeFi protocols to interact with and build upon each other, often described as &quot;money legos.&quot;<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>You can deposit ETH into Aave, receive aETH, use that as collateral elsewhere \u2014 stacking protocols on top of each other. This enables complex strategies but creates systemic risk if one protocol fails.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The term &quot;money legos&quot; was coined in 2019 and has become the defining metaphor for DeFi&#039;s composable architecture.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"defi\">DeFi (decentraliseret finansiering)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"smart-contract\">Smart kontrakt<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"lending-protocol\">Lending Protocol<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"private-key\"\n             data-cat=\"security\" \n             data-diff=\"1\" \n             data-letter=\"P\"\n             data-term=\"private key\"\n             data-def=\"a secret cryptographic code that gives you control over your cryptocurrency. whoever has the private key can move the funds.\"\n             id=\"term-private-key\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Private Key<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Sikkerhed<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A secret cryptographic code that gives you control over your cryptocurrency. Whoever has the private key can move the funds.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewbox=\"0 0 600 110\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"30\" y=\"20\" width=\"200\" height=\"70\" rx=\"10\" fill=\"#1C2230\" stroke=\"#F87171\" stroke-width=\"2\"\/><text x=\"130\" y=\"45\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"12\" font-weight=\"700\">\ud83d\udd10 Private Key<\/text><text x=\"130\" y=\"63\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Secret \u2014 NEVER share<\/text><text x=\"130\" y=\"77\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Controls your funds<\/text><line x1=\"230\" y1=\"55\" x2=\"330\" y2=\"55\" stroke=\"#FBBF24\" stroke-width=\"2\" marker-end=\"url(#arr6)\"\/><text x=\"280\" y=\"48\" text-anchor=\"middle\" fill=\"#FBBF24\" font-size=\"8\">generates<\/text><rect x=\"330\" y=\"20\" width=\"200\" height=\"70\" rx=\"10\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"430\" y=\"45\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"12\" font-weight=\"700\">\ud83d\udcec Public Key<\/text><text x=\"430\" y=\"63\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Safe to share<\/text><text x=\"430\" y=\"77\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Your wallet address<\/text><text x=\"300\" y=\"105\" text-anchor=\"middle\" fill=\"#5A6478\" font-size=\"9\">One-way: Public key can be derived from private key, but NOT the reverse<\/text><defs><marker id=\"arr6\" viewbox=\"0 0 10 10\" refx=\"8\" refy=\"5\" markerwidth=\"6\" markerheight=\"6\" orient=\"auto\"><path d=\"M 0 0 L 10 5 L 0 10 z\" fill=\"#FBBF24\"\/><\/marker><\/defs><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Your private key is the master password to your crypto assets. Unlike a bank password, it cannot be reset. Private keys should never be shared, stored digitally in unencrypted form, or entered on websites.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>An estimated 20% of all Bitcoin (3.7 million BTC, worth $250B+) is permanently lost because owners lost their private keys.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"public-key\">Public Key<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"seed-phrase\">Seed Phrase (Recovery Phrase)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"cryptocurrency-wallet\">Tegnebog med kryptovaluta<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"self-custody\">Self-Custody<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/da\/hvad-er-en-privat-nogle-i-krypto\/\">\n                    \ud83d\udcd6 What Is a Private Key?                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"public-key\"\n             data-cat=\"security\" \n             data-diff=\"1\" \n             data-letter=\"P\"\n             data-term=\"public key\"\n             data-def=\"a cryptographic code derived from your private key that serves as your address for receiving cryptocurrency. safe to share.\"\n             id=\"term-public-key\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Public Key<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Sikkerhed<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A cryptographic code derived from your private key that serves as your address for receiving cryptocurrency. Safe to share.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewbox=\"0 0 600 110\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"30\" y=\"20\" width=\"200\" height=\"70\" rx=\"10\" fill=\"#1C2230\" stroke=\"#F87171\" stroke-width=\"2\"\/><text x=\"130\" y=\"45\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"12\" font-weight=\"700\">\ud83d\udd10 Private Key<\/text><text x=\"130\" y=\"63\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Secret \u2014 NEVER share<\/text><text x=\"130\" y=\"77\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Controls your funds<\/text><line x1=\"230\" y1=\"55\" x2=\"330\" y2=\"55\" stroke=\"#FBBF24\" stroke-width=\"2\" marker-end=\"url(#arr6)\"\/><text x=\"280\" y=\"48\" text-anchor=\"middle\" fill=\"#FBBF24\" font-size=\"8\">generates<\/text><rect x=\"330\" y=\"20\" width=\"200\" height=\"70\" rx=\"10\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"430\" y=\"45\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"12\" font-weight=\"700\">\ud83d\udcec Public Key<\/text><text x=\"430\" y=\"63\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Safe to share<\/text><text x=\"430\" y=\"77\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Your wallet address<\/text><text x=\"300\" y=\"105\" text-anchor=\"middle\" fill=\"#5A6478\" font-size=\"9\">One-way: Public key can be derived from private key, but NOT the reverse<\/text><defs><marker id=\"arr6\" viewbox=\"0 0 10 10\" refx=\"8\" refy=\"5\" markerwidth=\"6\" markerheight=\"6\" orient=\"auto\"><path d=\"M 0 0 L 10 5 L 0 10 z\" fill=\"#FBBF24\"\/><\/marker><\/defs><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Think of your public key as your bank account number \u2014 give it to people who want to send you money. Your private key is the PIN \u2014 never share it. Public keys are derived from private keys through a one-way mathematical function.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>A public key is derived from the private key using elliptic curve multiplication \u2014 a process that takes nanoseconds forward but would take billions of years to reverse.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"private-key\">Private Key<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"wallet-address\">Wallet Address<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"cryptography\">Kryptografi<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/da\/hvad-er-en-offentlig-nogle-i-krypto\/\">\n                    \ud83d\udcd6 What Is a Public Key?                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"seed-phrase\"\n             data-cat=\"security\" \n             data-diff=\"1\" \n             data-letter=\"S\"\n             data-term=\"seed phrase (recovery phrase)\"\n             data-def=\"a set of 12 or 24 words that can restore your entire crypto wallet if you lose access to your device.\"\n             id=\"term-seed-phrase\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Seed Phrase (Recovery Phrase)<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Sikkerhed<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A set of 12 or 24 words that can restore your entire crypto wallet if you lose access to your device.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewbox=\"0 0 600 110\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"30\" y=\"15\" width=\"160\" height=\"80\" rx=\"10\" fill=\"#1C2230\" stroke=\"#FBBF24\" stroke-width=\"2\"\/><text x=\"110\" y=\"40\" text-anchor=\"middle\" fill=\"#FBBF24\" font-size=\"11\" font-weight=\"700\">Fr\u00f8 s\u00e6tning<\/text><text x=\"110\" y=\"56\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"8\">1. apple  2. brave<\/text><text x=\"110\" y=\"68\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"8\">3. carpet 4. dawn<\/text><text x=\"110\" y=\"80\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">... 12-24 words<\/text><line x1=\"190\" y1=\"55\" x2=\"250\" y2=\"55\" stroke=\"#8A94A6\" stroke-width=\"1.5\" marker-end=\"url(#arr7)\"\/><text x=\"220\" y=\"48\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"7\">restores<\/text><rect x=\"250\" y=\"25\" width=\"130\" height=\"60\" rx=\"8\" fill=\"#1C2230\" stroke=\"#F87171\" stroke-width=\"2\"\/><text x=\"315\" y=\"50\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"10\" font-weight=\"600\">Private Key<\/text><text x=\"315\" y=\"66\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">0x7a3b8f...<\/text><line x1=\"380\" y1=\"55\" x2=\"440\" y2=\"55\" stroke=\"#8A94A6\" stroke-width=\"1.5\" marker-end=\"url(#arr8)\"\/><text x=\"410\" y=\"48\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"7\">controls<\/text><rect x=\"440\" y=\"25\" width=\"130\" height=\"60\" rx=\"8\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"505\" y=\"50\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"10\" font-weight=\"600\">Your Wallet<\/text><text x=\"505\" y=\"66\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">All your crypto<\/text><defs><marker id=\"arr7\" viewbox=\"0 0 10 10\" refx=\"8\" refy=\"5\" markerwidth=\"6\" markerheight=\"6\" orient=\"auto\"><path d=\"M 0 0 L 10 5 L 0 10 z\" fill=\"#8A94A6\"\/><\/marker><marker id=\"arr8\" viewbox=\"0 0 10 10\" refx=\"8\" refy=\"5\" markerwidth=\"6\" markerheight=\"6\" orient=\"auto\"><path d=\"M 0 0 L 10 5 L 0 10 z\" fill=\"#8A94A6\"\/><\/marker><\/defs><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>When you create a wallet, it generates a seed phrase you must write down and store securely \u2014 on paper or metal, never digitally. Anyone with your seed phrase can restore your wallet on any device. No legitimate service will ever ask for it.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The 2,048 possible words in BIP-39 seed phrases create more possible combinations than there are atoms in the observable universe.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"private-key\">Private Key<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"cryptocurrency-wallet\">Tegnebog med kryptovaluta<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"self-custody\">Self-Custody<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"passphrase\">Passphrase<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/da\/kryptovaluta-tegneboger\/\">\n                    \ud83d\udcd6 Cryptocurrency Wallets Explained                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"two-factor-authentication\"\n             data-cat=\"security\" \n             data-diff=\"1\" \n             data-letter=\"T\"\n             data-term=\"two-factor authentication (2fa)\"\n             data-def=\"an extra security layer requiring a second verification code (usually from an app like google authenticator) in addition to your password.\"\n             id=\"term-two-factor-authentication\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">To-faktor-autentificering (2FA)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Sikkerhed<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An extra security layer requiring a second verification code (usually from an app like Google Authenticator) in addition to your password.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>2FA is non-negotiable for exchange accounts. Even if someone steals your password, they can&#039;t access your account without the 2FA code. Use an authenticator app \u2014 not SMS, which is vulnerable to SIM swaps.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>SMS-based 2FA was compromised in the $100M+ Coinbase account takeover spree of 2021, pushing the entire industry toward app-based 2FA.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"sim-swap\">SIM Swap Attack<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"phishing\">Phishing<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"cryptocurrency-exchange\">Cryptocurrency Exchange<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"phishing\"\n             data-cat=\"security\" \n             data-diff=\"1\" \n             data-letter=\"P\"\n             data-term=\"phishing\"\n             data-def=\"a scam where attackers create fake websites, emails, or messages mimicking legitimate services to steal your credentials or seed phrase.\"\n             id=\"term-phishing\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Phishing<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Sikkerhed<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A scam where attackers create fake websites, emails, or messages mimicking legitimate services to steal your credentials or seed phrase.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Phishing is the most common attack in crypto. Scammers create pixel-perfect copies of exchange login pages. Never click links in emails \u2014 always navigate directly to the official website.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Google Ads have been used to show phishing sites above real exchange sites in search results \u2014 always check the URL carefully.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"rug-pull\">Rug Pull<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"seed-phrase\">Seed Phrase (Recovery Phrase)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"two-factor-authentication\">To-faktor-autentificering (2FA)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"rug-pull\"\n             data-cat=\"security\" \n             data-diff=\"1\" \n             data-letter=\"R\"\n             data-term=\"rug pull\"\n             data-def=\"a scam where project creators suddenly abandon it and drain the funds, leaving investors with worthless tokens.\"\n             id=\"term-rug-pull\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Rug Pull<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Sikkerhed<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A scam where project creators suddenly abandon it and drain the funds, leaving investors with worthless tokens.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Most common with new, unaudited tokens on DEXs. Warning signs: anonymous teams, unrealistic returns, aggressive marketing with no working product.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The Squid Game token rug pull in 2021 was one of the most brazen \u2014 rising 75,000% before creators drained $3.4M and disappeared.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"honeypot\">Honeypot<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"smart-contract-audit\">Revision af intelligente kontrakter<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dyor\">DYOR (Do Your Own Research)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"honeypot\"\n             data-cat=\"security\" \n             data-diff=\"2\" \n             data-letter=\"H\"\n             data-term=\"honeypot\"\n             data-def=\"a smart contract designed to look legitimate but coded so you can buy tokens but cannot sell them \u2014 your funds are trapped.\"\n             id=\"term-honeypot\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Honeypot<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Sikkerhed<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A smart contract designed to look legitimate but coded so you can buy tokens but cannot sell them \u2014 your funds are trapped.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>The sell function is secretly disabled. The price appears to rise (because people can buy but not sell), attracting more victims. Token Sniffer can help detect honeypots.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Automated honeypot detection tools now catch over 90% of honeypot contracts within minutes of deployment.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"rug-pull\">Rug Pull<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"smart-contract\">Smart kontrakt<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"smart-contract-audit\">Revision af intelligente kontrakter<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"sim-swap\"\n             data-cat=\"security\" \n             data-diff=\"2\" \n             data-letter=\"S\"\n             data-term=\"sim swap attack\"\n             data-def=\"an attack where a hacker convinces your phone carrier to transfer your number to their device, intercepting sms-based 2fa codes.\"\n             id=\"term-sim-swap\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">SIM Swap Attack<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Sikkerhed<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An attack where a hacker convinces your phone carrier to transfer your number to their device, intercepting SMS-based 2FA codes.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Once the attacker has your number, they can reset passwords and bypass 2FA on exchanges. Defense: use an authenticator app (not SMS) and set a carrier PIN.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>A teenager SIM-swapped a crypto investor in 2019 and stole $24 million in cryptocurrency \u2014 one of the largest individual thefts.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"two-factor-authentication\">To-faktor-autentificering (2FA)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"phishing\">Phishing<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"cold-storage\"\n             data-cat=\"security\" \n             data-diff=\"1\" \n             data-letter=\"C\"\n             data-term=\"cold storage\"\n             data-def=\"storing cryptocurrency offline \u2014 on a hardware wallet or paper wallet \u2014 disconnected from the internet to protect against hacking.\"\n             id=\"term-cold-storage\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">K\u00f8lelagring<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Sikkerhed<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Storing cryptocurrency offline \u2014 on a hardware wallet or paper wallet \u2014 disconnected from the internet to protect against hacking.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Cold storage is the most secure way to hold cryptocurrency long-term. Hardware wallets like Ledger and Trezor store keys on a dedicated device that never connects to the internet directly.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Coinbase stores 98% of customer crypto in cold storage \u2014 only 2% is kept in hot wallets for immediate withdrawals.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"hardware-wallet\">Hardware-tegnebog<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"hot-wallet\">Hot Wallet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"self-custody\">Self-Custody<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"hot-wallet\"\n             data-cat=\"security\" \n             data-diff=\"1\" \n             data-letter=\"H\"\n             data-term=\"hot wallet\"\n             data-def=\"a cryptocurrency wallet connected to the internet. convenient but more vulnerable to hacking.\"\n             id=\"term-hot-wallet\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Hot Wallet<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Sikkerhed<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A cryptocurrency wallet connected to the internet. Convenient but more vulnerable to hacking.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewbox=\"0 0 600 120\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"20\" y=\"15\" width=\"170\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#F87171\" stroke-width=\"2\"\/><text x=\"105\" y=\"40\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"11\" font-weight=\"700\">\ud83c\udf10 Hot Wallet<\/text><text x=\"105\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Online (MetaMask, Trust)<\/text><text x=\"105\" y=\"74\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"8\">\u2713 Convenient, free<\/text><text x=\"105\" y=\"88\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"8\">\u2717 Vulnerable to hacks<\/text><rect x=\"215\" y=\"15\" width=\"170\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"300\" y=\"40\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"11\" font-weight=\"700\">\ud83d\udd12 Cold Wallet<\/text><text x=\"300\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Offline (Ledger, Trezor)<\/text><text x=\"300\" y=\"74\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"8\">\u2713 Most secure<\/text><text x=\"300\" y=\"88\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"8\">\u2717 Costs $50-200<\/text><rect x=\"410\" y=\"15\" width=\"170\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#38BDF8\" stroke-width=\"2\"\/><text x=\"495\" y=\"40\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"11\" font-weight=\"700\">\ud83c\udfe6 Exchange<\/text><text x=\"495\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Custodial (Binance, CB)<\/text><text x=\"495\" y=\"74\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"8\">\u2713 Easy, recoverable<\/text><text x=\"495\" y=\"88\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"8\">\u2717 Not your keys<\/text><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Hot wallets include MetaMask, Trust Wallet, and exchange account balances. Good for daily transactions, not for large long-term holdings. Think: pocket cash vs. savings account.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The Bybit hack of 2025 ($1.5B) targeted hot wallet infrastructure \u2014 reinforcing why cold storage matters.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"cold-storage\">K\u00f8lelagring<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"software-wallet\">Software Wallet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"cryptocurrency-wallet\">Tegnebog med kryptovaluta<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"multisig\"\n             data-cat=\"security\" \n             data-diff=\"3\" \n             data-letter=\"M\"\n             data-term=\"multisig (multi-signature)\"\n             data-def=\"a wallet requiring multiple private keys to authorize a transaction, adding an extra layer of security.\"\n             id=\"term-multisig\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Avanceret\"><\/span>\n                    <span class=\"scg-gl-card-term\">Multisig (Multi-Signature)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Sikkerhed<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A wallet requiring multiple private keys to authorize a transaction, adding an extra layer of security.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>A 2-of-3 multisig requires any 2 out of 3 key holders to sign. Protects against a single point of failure. Used by DAOs, exchanges, and institutions.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Ethereum&#039;s largest multisig wallet (the Gnosis Safe) secures over $100 billion in assets across 200,000+ safes.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"private-key\">Private Key<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dao\">DAO (Decentralized Autonomous Organization)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"cold-storage\">K\u00f8lelagring<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"smart-contract-audit\"\n             data-cat=\"security\" \n             data-diff=\"2\" \n             data-letter=\"S\"\n             data-term=\"smart contract audit\"\n             data-def=\"a professional security review of a smart contract&#039;s code to identify vulnerabilities before deployment.\"\n             id=\"term-smart-contract-audit\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Revision af intelligente kontrakter<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Sikkerhed<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A professional security review of a smart contract&#039;s code to identify vulnerabilities before deployment.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Reputable projects have audits by firms like CertiK, Trail of Bits, or OpenZeppelin. An audit doesn&#039;t guarantee safety but significantly reduces risk. Always check audit status before depositing funds.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Even audited protocols have been hacked \u2014 audits catch ~95% of known vulnerabilities but can&#039;t prevent all novel attacks.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"smart-contract\">Smart kontrakt<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"rug-pull\">Rug Pull<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"defi\">DeFi (decentraliseret finansiering)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"proof-of-reserves\"\n             data-cat=\"security\" \n             data-diff=\"2\" \n             data-letter=\"P\"\n             data-term=\"proof of reserves\"\n             data-def=\"an audit showing that an exchange holds enough assets to cover all customer deposits.\"\n             id=\"term-proof-of-reserves\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Proof of Reserves<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Sikkerhed<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An audit showing that an exchange holds enough assets to cover all customer deposits.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>After FTX&#039;s collapse revealed insolvency, proof of reserves became standard. Binance, Kraken, Bybit publish regular reports. While not a complete guarantee, it&#039;s a significant transparency improvement.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>FTX&#039;s collapse revealed a $8 billion hole \u2014 they had been secretly lending customer deposits. Proof of reserves aims to prevent this.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"cryptocurrency-exchange\">Cryptocurrency Exchange<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"self-custody\">Self-Custody<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"address-poisoning\"\n             data-cat=\"security\" \n             data-diff=\"3\" \n             data-letter=\"A\"\n             data-term=\"address poisoning\"\n             data-def=\"a scam where attackers send tiny transactions from an address similar to one you&#039;ve used, hoping you&#039;ll copy the wrong address.\"\n             id=\"term-address-poisoning\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Avanceret\"><\/span>\n                    <span class=\"scg-gl-card-term\">Address Poisoning<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Sikkerhed<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A scam where attackers send tiny transactions from an address similar to one you&#039;ve used, hoping you&#039;ll copy the wrong address.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Scammers generate addresses sharing the same first and last characters as your legitimate contacts. Always verify the full address before sending.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>In May 2024, an address poisoning attack stole $71 million in a single transaction from one victim.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"wallet-address\">Wallet Address<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"phishing\">Phishing<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"dusting-attack\"\n             data-cat=\"security\" \n             data-diff=\"3\" \n             data-letter=\"D\"\n             data-term=\"dusting attack\"\n             data-def=\"an attack where tiny amounts of crypto are sent to wallets to track and de-anonymize the owners.\"\n             id=\"term-dusting-attack\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Avanceret\"><\/span>\n                    <span class=\"scg-gl-card-term\">Dusting Attack<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Sikkerhed<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An attack where tiny amounts of crypto are sent to wallets to track and de-anonymize the owners.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>The attacker sends trace amounts to thousands of wallets, then monitors how those amounts are combined with other funds to link addresses to identities. Don&#039;t interact with unexpected tiny deposits.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Dusting attacks have been used by both hackers (for theft) and law enforcement (for investigation).<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"wallet-address\">Wallet Address<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"private-key\">Private Key<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"cryptocurrency-wallet\"\n             data-cat=\"wallets\" \n             data-diff=\"1\" \n             data-letter=\"C\"\n             data-term=\"cryptocurrency wallet\"\n             data-def=\"software or hardware that stores your private keys and allows you to send, receive, and manage your cryptocurrency.\"\n             id=\"term-cryptocurrency-wallet\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Tegnebog med kryptovaluta<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Wallets<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Software or hardware that stores your private keys and allows you to send, receive, and manage your cryptocurrency.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewbox=\"0 0 600 120\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"20\" y=\"15\" width=\"170\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#F87171\" stroke-width=\"2\"\/><text x=\"105\" y=\"40\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"11\" font-weight=\"700\">\ud83c\udf10 Hot Wallet<\/text><text x=\"105\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Online (MetaMask, Trust)<\/text><text x=\"105\" y=\"74\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"8\">\u2713 Convenient, free<\/text><text x=\"105\" y=\"88\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"8\">\u2717 Vulnerable to hacks<\/text><rect x=\"215\" y=\"15\" width=\"170\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"300\" y=\"40\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"11\" font-weight=\"700\">\ud83d\udd12 Cold Wallet<\/text><text x=\"300\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Offline (Ledger, Trezor)<\/text><text x=\"300\" y=\"74\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"8\">\u2713 Most secure<\/text><text x=\"300\" y=\"88\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"8\">\u2717 Costs $50-200<\/text><rect x=\"410\" y=\"15\" width=\"170\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#38BDF8\" stroke-width=\"2\"\/><text x=\"495\" y=\"40\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"11\" font-weight=\"700\">\ud83c\udfe6 Exchange<\/text><text x=\"495\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Custodial (Binance, CB)<\/text><text x=\"495\" y=\"74\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"8\">\u2713 Easy, recoverable<\/text><text x=\"495\" y=\"88\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"8\">\u2717 Not your keys<\/text><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Wallets don&#039;t &quot;hold&quot; crypto \u2014 assets live on the blockchain. The wallet holds your private keys which prove ownership. Wallets come as mobile apps, browser extensions, hardware devices, and paper backups.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>MetaMask, the most popular software wallet, has over 30 million monthly active users worldwide.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"private-key\">Private Key<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"hardware-wallet\">Hardware-tegnebog<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"software-wallet\">Software Wallet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"custodial-wallet\">Custodial Wallet<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/da\/kryptovaluta-tegneboger\/\">\n                    \ud83d\udcd6 Cryptocurrency Wallets Explained                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"hardware-wallet\"\n             data-cat=\"wallets\" \n             data-diff=\"1\" \n             data-letter=\"H\"\n             data-term=\"hardware wallet\"\n             data-def=\"a physical device that stores your private keys offline, providing the highest level of security.\"\n             id=\"term-hardware-wallet\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Hardware-tegnebog<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Wallets<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A physical device that stores your private keys offline, providing the highest level of security.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewbox=\"0 0 600 120\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"20\" y=\"15\" width=\"170\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#F87171\" stroke-width=\"2\"\/><text x=\"105\" y=\"40\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"11\" font-weight=\"700\">\ud83c\udf10 Hot Wallet<\/text><text x=\"105\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Online (MetaMask, Trust)<\/text><text x=\"105\" y=\"74\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"8\">\u2713 Convenient, free<\/text><text x=\"105\" y=\"88\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"8\">\u2717 Vulnerable to hacks<\/text><rect x=\"215\" y=\"15\" width=\"170\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"300\" y=\"40\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"11\" font-weight=\"700\">\ud83d\udd12 Cold Wallet<\/text><text x=\"300\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Offline (Ledger, Trezor)<\/text><text x=\"300\" y=\"74\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"8\">\u2713 Most secure<\/text><text x=\"300\" y=\"88\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"8\">\u2717 Costs $50-200<\/text><rect x=\"410\" y=\"15\" width=\"170\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#38BDF8\" stroke-width=\"2\"\/><text x=\"495\" y=\"40\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"11\" font-weight=\"700\">\ud83c\udfe6 Exchange<\/text><text x=\"495\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Custodial (Binance, CB)<\/text><text x=\"495\" y=\"74\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"8\">\u2713 Easy, recoverable<\/text><text x=\"495\" y=\"88\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"8\">\u2717 Not your keys<\/text><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Popular options: Ledger (Nano S Plus, Nano X) and Trezor (Model One, Model T). They sign transactions offline \u2014 keys never leave the device. Cost $50-$200, recommended for significant holdings.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Ledger has sold over 7 million hardware wallets \u2014 making it the most widely used cold storage solution.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"cold-storage\">K\u00f8lelagring<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"private-key\">Private Key<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"seed-phrase\">Seed Phrase (Recovery Phrase)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"self-custody\">Self-Custody<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"software-wallet\"\n             data-cat=\"wallets\" \n             data-diff=\"1\" \n             data-letter=\"S\"\n             data-term=\"software wallet\"\n             data-def=\"a wallet that exists as an application on your phone, computer, or browser. more convenient but connected to the internet.\"\n             id=\"term-software-wallet\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Software Wallet<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Wallets<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A wallet that exists as an application on your phone, computer, or browser. More convenient but connected to the internet.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewbox=\"0 0 600 120\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"20\" y=\"15\" width=\"170\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#F87171\" stroke-width=\"2\"\/><text x=\"105\" y=\"40\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"11\" font-weight=\"700\">\ud83c\udf10 Hot Wallet<\/text><text x=\"105\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Online (MetaMask, Trust)<\/text><text x=\"105\" y=\"74\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"8\">\u2713 Convenient, free<\/text><text x=\"105\" y=\"88\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"8\">\u2717 Vulnerable to hacks<\/text><rect x=\"215\" y=\"15\" width=\"170\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"300\" y=\"40\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"11\" font-weight=\"700\">\ud83d\udd12 Cold Wallet<\/text><text x=\"300\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Offline (Ledger, Trezor)<\/text><text x=\"300\" y=\"74\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"8\">\u2713 Most secure<\/text><text x=\"300\" y=\"88\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"8\">\u2717 Costs $50-200<\/text><rect x=\"410\" y=\"15\" width=\"170\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#38BDF8\" stroke-width=\"2\"\/><text x=\"495\" y=\"40\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"11\" font-weight=\"700\">\ud83c\udfe6 Exchange<\/text><text x=\"495\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Custodial (Binance, CB)<\/text><text x=\"495\" y=\"74\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"8\">\u2713 Easy, recoverable<\/text><text x=\"495\" y=\"88\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"8\">\u2717 Not your keys<\/text><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>MetaMask, Trust Wallet, and Phantom are popular software wallets. Free and essential for DeFi and dApps. The tradeoff: only as secure as the device they&#039;re on.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>MetaMask&#039;s browser extension has been cloned by scammers over 100 times \u2014 always download from the official website.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"hot-wallet\">Hot Wallet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"cryptocurrency-wallet\">Tegnebog med kryptovaluta<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"hardware-wallet\">Hardware-tegnebog<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"custodial-wallet\"\n             data-cat=\"wallets\" \n             data-diff=\"1\" \n             data-letter=\"C\"\n             data-term=\"custodial wallet\"\n             data-def=\"a wallet where a third party (like an exchange) holds your private keys on your behalf.\"\n             id=\"term-custodial-wallet\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Custodial Wallet<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Wallets<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A wallet where a third party (like an exchange) holds your private keys on your behalf.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>When you keep crypto on Coinbase or Binance, you&#039;re using a custodial wallet. Convenient (password recovery possible) but means you trust the exchange. &quot;Not your keys, not your coins.&quot;<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>When FTX collapsed, users with custodial wallets lost access to $8 billion \u2014 highlighting the risks of third-party custody.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"non-custodial-wallet\">Non-Custodial Wallet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"self-custody\">Self-Custody<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"cryptocurrency-exchange\">Cryptocurrency Exchange<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"non-custodial-wallet\"\n             data-cat=\"wallets\" \n             data-diff=\"1\" \n             data-letter=\"N\"\n             data-term=\"non-custodial wallet\"\n             data-def=\"a wallet where you alone control the private keys. no third party can access, freeze, or move your funds.\"\n             id=\"term-non-custodial-wallet\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Non-Custodial Wallet<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Wallets<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A wallet where you alone control the private keys. No third party can access, freeze, or move your funds.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>MetaMask, Ledger, Trust Wallet are non-custodial. You bear full responsibility \u2014 lose your seed phrase, nobody can recover your funds. More secure but more personal responsibility.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>After FTX, non-custodial wallet downloads surged 300% in a single week as users moved to self-custody.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"custodial-wallet\">Custodial Wallet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"self-custody\">Self-Custody<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"seed-phrase\">Seed Phrase (Recovery Phrase)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"self-custody\"\n             data-cat=\"wallets\" \n             data-diff=\"1\" \n             data-letter=\"S\"\n             data-term=\"self-custody\"\n             data-def=\"holding your own private keys rather than trusting an exchange or third party.\"\n             id=\"term-self-custody\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Self-Custody<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Wallets<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Holding your own private keys rather than trusting an exchange or third party.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Self-custody became a major topic after FTX showed the risks of trusting exchanges. The benefits: full control, censorship resistance. The risks: you alone are responsible.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The phrase &quot;not your keys, not your coins&quot; was coined by Andreas Antonopoulos and has become crypto&#039;s most important security mantra.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"non-custodial-wallet\">Non-Custodial Wallet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"hardware-wallet\">Hardware-tegnebog<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"private-key\">Private Key<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"wallet-address\"\n             data-cat=\"wallets\" \n             data-diff=\"1\" \n             data-letter=\"W\"\n             data-term=\"wallet address\"\n             data-def=\"a unique string of characters that serves as the destination for cryptocurrency transfers.\"\n             id=\"term-wallet-address\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Wallet Address<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Wallets<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A unique string of characters that serves as the destination for cryptocurrency transfers.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Addresses look different by chain: Bitcoin starts with 1, 3, or bc1; Ethereum starts with 0x. Always double-check before sending \u2014 transactions are irreversible.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Ethereum addresses are case-insensitive, but the checksum (mixed case) version helps detect typos automatically.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"public-key\">Public Key<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"ens\">ENS (Ethereum Name Service)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"address-poisoning\">Address Poisoning<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"passphrase\"\n             data-cat=\"wallets\" \n             data-diff=\"3\" \n             data-letter=\"P\"\n             data-term=\"passphrase\"\n             data-def=\"an optional additional word added to your seed phrase for extra security, creating a hidden wallet within your wallet.\"\n             id=\"term-passphrase\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Avanceret\"><\/span>\n                    <span class=\"scg-gl-card-term\">Passphrase<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Wallets<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An optional additional word added to your seed phrase for extra security, creating a hidden wallet within your wallet.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>A 25th word creates entirely separate addresses from your base seed phrase. Even if someone finds your 24 words, they can&#039;t access the hidden wallet. Warning: forget the passphrase, those funds are gone forever.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Some users create &quot;decoy wallets&quot; with their base seed phrase (holding small amounts) while hiding the real funds behind a passphrase.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"seed-phrase\">Seed Phrase (Recovery Phrase)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"private-key\">Private Key<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"hardware-wallet\">Hardware-tegnebog<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"multi-chain-wallet\"\n             data-cat=\"wallets\" \n             data-diff=\"2\" \n             data-letter=\"M\"\n             data-term=\"multi-chain wallet\"\n             data-def=\"a wallet supporting multiple blockchain networks from a single interface.\"\n             id=\"term-multi-chain-wallet\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Multi-Chain Wallet<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Wallets<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A wallet supporting multiple blockchain networks from a single interface.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Trust Wallet and MetaMask (with manual network additions) support multiple chains \u2014 hold ETH, BNB, AVAX all in one app.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Phantom started as Solana-only but added Ethereum and Polygon support, becoming one of the most popular multi-chain wallets.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"cryptocurrency-wallet\">Tegnebog med kryptovaluta<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"software-wallet\">Software Wallet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"interoperability\">Interoperabilitet<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"ens\"\n             data-cat=\"wallets\" \n             data-diff=\"2\" \n             data-letter=\"E\"\n             data-term=\"ens (ethereum name service)\"\n             data-def=\"a naming system replacing long ethereum addresses (0x7a3b...) with human-readable names like &quot;yourname.eth.&quot;\"\n             id=\"term-ens\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">ENS (Ethereum Name Service)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Wallets<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A naming system replacing long Ethereum addresses (0x7A3b...) with human-readable names like &quot;yourname.eth.&quot;<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>ENS works like DNS for the internet. Names are NFTs on Ethereum and can point to wallets, websites, and social profiles. They&#039;ve become a form of digital identity.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The ENS name &quot;paradigm.eth&quot; sold for 420 ETH ($1.5M) \u2014 making it one of the most expensive domain purchases in crypto.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"wallet-address\">Wallet Address<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"nft\">NFT (Non-Fungible Token)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"public-key\">Public Key<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"mining\"\n             data-cat=\"mining-consensus\" \n             data-diff=\"1\" \n             data-letter=\"M\"\n             data-term=\"mining\"\n             data-def=\"using computer power to validate transactions and add new blocks to a proof of work blockchain, earning crypto rewards.\"\n             id=\"term-mining\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Minedrift<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Mining &amp; Consensus<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Using computer power to validate transactions and add new blocks to a Proof of Work blockchain, earning crypto rewards.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Bitcoin miners compete to solve complex puzzles. The winner adds the next block and earns the block reward (currently 3.125 BTC) plus transaction fees. Requires specialized hardware (ASICs) and significant electricity.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Bitcoin mining uses more electricity than some entire countries \u2014 roughly equivalent to Argentina&#039;s annual consumption.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"proof-of-work\">Bevis for arbejde (Proof of Work (PoW))<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"hash-rate\">Hash Rate<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"block-reward\">Blok bel\u00f8nning<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"halving\">Halvering af<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"proof-of-work\"\n             data-cat=\"mining-consensus\" \n             data-diff=\"2\" \n             data-letter=\"P\"\n             data-term=\"proof of work (pow)\"\n             data-def=\"a consensus mechanism where miners compete to solve mathematical puzzles, with the winner earning the right to add the next block.\"\n             id=\"term-proof-of-work\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Bevis for arbejde (Proof of Work (PoW))<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Mining &amp; Consensus<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A consensus mechanism where miners compete to solve mathematical puzzles, with the winner earning the right to add the next block.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewbox=\"0 0 600 120\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"20\" y=\"15\" width=\"260\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#FBBF24\" stroke-width=\"2\"\/><text x=\"150\" y=\"38\" text-anchor=\"middle\" fill=\"#FBBF24\" font-size=\"12\" font-weight=\"700\">\u26a1 Proof of Work<\/text><text x=\"150\" y=\"56\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Miners compete with computing power<\/text><text x=\"150\" y=\"72\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">High energy \u2022 Very secure \u2022 Slow<\/text><text x=\"150\" y=\"88\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">Bitcoin, Litecoin, Dogecoin<\/text><rect x=\"320\" y=\"15\" width=\"260\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"450\" y=\"38\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"12\" font-weight=\"700\">\ud83d\udd12 Proof of Stake<\/text><text x=\"450\" y=\"56\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Validators lock tokens as collateral<\/text><text x=\"450\" y=\"72\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">Low energy \u2022 Secure \u2022 Fast<\/text><text x=\"450\" y=\"88\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">Ethereum, Solana, Cardano<\/text><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Bitcoin uses PoW \u2014 the oldest and most battle-tested mechanism. It provides strong security but consumes significant energy. Ethereum transitioned from PoW to PoS in 2022, cutting energy use ~99.95%.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Bitcoin&#039;s PoW has never been successfully attacked in over 15 years \u2014 making it the most secure computer network ever built.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"proof-of-stake\">Proof of Stake (PoS)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"mining\">Minedrift<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"consensus-mechanism\">Consensus Mechanism<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"hash-rate\">Hash Rate<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"proof-of-stake\"\n             data-cat=\"mining-consensus\" \n             data-diff=\"2\" \n             data-letter=\"P\"\n             data-term=\"proof of stake (pos)\"\n             data-def=\"a consensus mechanism where validators are selected based on the cryptocurrency they have &quot;staked&quot; (locked up) as collateral.\"\n             id=\"term-proof-of-stake\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Proof of Stake (PoS)<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Mining &amp; Consensus<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A consensus mechanism where validators are selected based on the cryptocurrency they have &quot;staked&quot; (locked up) as collateral.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewbox=\"0 0 600 120\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"20\" y=\"15\" width=\"260\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#FBBF24\" stroke-width=\"2\"\/><text x=\"150\" y=\"38\" text-anchor=\"middle\" fill=\"#FBBF24\" font-size=\"12\" font-weight=\"700\">\u26a1 Proof of Work<\/text><text x=\"150\" y=\"56\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Miners compete with computing power<\/text><text x=\"150\" y=\"72\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">High energy \u2022 Very secure \u2022 Slow<\/text><text x=\"150\" y=\"88\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">Bitcoin, Litecoin, Dogecoin<\/text><rect x=\"320\" y=\"15\" width=\"260\" height=\"90\" rx=\"10\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"450\" y=\"38\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"12\" font-weight=\"700\">\ud83d\udd12 Proof of Stake<\/text><text x=\"450\" y=\"56\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">Validators lock tokens as collateral<\/text><text x=\"450\" y=\"72\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">Low energy \u2022 Secure \u2022 Fast<\/text><text x=\"450\" y=\"88\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">Ethereum, Solana, Cardano<\/text><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Instead of competing with computation, validators put up tokens as a security deposit. Honest behavior earns rewards; cheating causes their stake to be slashed. Used by Ethereum, Solana, Cardano, and most modern chains.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Ethereum&#039;s switch to PoS (The Merge) reduced its energy consumption by 99.95% \u2014 from &quot;country-sized&quot; to &quot;town-sized.&quot;<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"proof-of-work\">Bevis for arbejde (Proof of Work (PoW))<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"staking\">Udstakning<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"validator\">Validator<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"slashing\">Slashing<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"staking\"\n             data-cat=\"mining-consensus\" \n             data-diff=\"1\" \n             data-letter=\"S\"\n             data-term=\"staking\"\n             data-def=\"locking up cryptocurrency to support a proof of stake blockchain, earning rewards in return.\"\n             id=\"term-staking\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Udstakning<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Mining &amp; Consensus<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Locking up cryptocurrency to support a Proof of Stake blockchain, earning rewards in return.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>When you stake ETH, SOL, ADA, you help secure the network. Rewards are typically 3-10% annually. Staking can be done directly (running a validator) or through exchanges and services.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Over $100 billion in crypto is currently staked across all PoS networks \u2014 earning holders billions annually.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"proof-of-stake\">Proof of Stake (PoS)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"validator\">Validator<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"apy-apr\">APY \/ APR<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"slashing\">Slashing<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"validator\"\n             data-cat=\"mining-consensus\" \n             data-diff=\"2\" \n             data-letter=\"V\"\n             data-term=\"validator\"\n             data-def=\"a node operator in pos who validates transactions and proposes new blocks in exchange for staking rewards.\"\n             id=\"term-validator\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Validator<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Mining &amp; Consensus<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A node operator in PoS who validates transactions and proposes new blocks in exchange for staking rewards.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Ethereum validators need 32 ETH staked. They&#039;re randomly selected to propose blocks. Malicious behavior or extended downtime results in slashing.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>There are over 1 million active validators on Ethereum \u2014 making it one of the most decentralized PoS networks.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"staking\">Udstakning<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"proof-of-stake\">Proof of Stake (PoS)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"slashing\">Slashing<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"node\">Knudepunkt<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"halving\"\n             data-cat=\"mining-consensus\" \n             data-diff=\"1\" \n             data-letter=\"H\"\n             data-term=\"halving\"\n             data-def=\"a pre-programmed event where bitcoin&#039;s block reward is cut in half, occurring approximately every four years.\"\n             id=\"term-halving\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Halvering af<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Mining &amp; Consensus<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A pre-programmed event where Bitcoin&#039;s block reward is cut in half, occurring approximately every four years.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewbox=\"0 0 600 120\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"20\" y=\"20\" width=\"110\" height=\"55\" rx=\"8\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"75\" y=\"42\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"10\" font-weight=\"700\">2012<\/text><text x=\"75\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">50 \u2192 25 BTC<\/text><line x1=\"130\" y1=\"47\" x2=\"160\" y2=\"47\" stroke=\"#8A94A6\" stroke-width=\"1.5\"\/><rect x=\"160\" y=\"20\" width=\"110\" height=\"55\" rx=\"8\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"215\" y=\"42\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"10\" font-weight=\"700\">2016<\/text><text x=\"215\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">25 \u2192 12.5 BTC<\/text><line x1=\"270\" y1=\"47\" x2=\"300\" y2=\"47\" stroke=\"#8A94A6\" stroke-width=\"1.5\"\/><rect x=\"300\" y=\"20\" width=\"110\" height=\"55\" rx=\"8\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"355\" y=\"42\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"10\" font-weight=\"700\">2020<\/text><text x=\"355\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">12.5 \u2192 6.25 BTC<\/text><line x1=\"410\" y1=\"47\" x2=\"440\" y2=\"47\" stroke=\"#8A94A6\" stroke-width=\"1.5\"\/><rect x=\"440\" y=\"20\" width=\"120\" height=\"55\" rx=\"8\" fill=\"#1C2230\" stroke=\"#FBBF24\" stroke-width=\"2\"\/><text x=\"500\" y=\"42\" text-anchor=\"middle\" fill=\"#FBBF24\" font-size=\"10\" font-weight=\"700\">2024 \u2728<\/text><text x=\"500\" y=\"58\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">6.25 \u2192 3.125 BTC<\/text><text x=\"300\" y=\"100\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"9\">Every ~4 years, Bitcoin's block reward is cut in half \u2014 increasing scarcity<\/text><text x=\"300\" y=\"115\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"9\" font-weight=\"600\">Historically followed by major price increases within 12-18 months<\/text><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>The most recent halving (April 2024) reduced the reward from 6.25 to 3.125 BTC. Halvings increase scarcity. Historically, major price increases have followed within 12-18 months.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>After the 2020 halving, Bitcoin&#039;s price increased from $8,700 to $69,000 within 18 months \u2014 a 690% gain.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"mining\">Minedrift<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"block-reward\">Blok bel\u00f8nning<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"block-height\">Blokh\u00f8jde<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/da\/hvordan-man-kober\/kob-bitcoin-btc-en-simpel-guide\/\">\n                    \ud83d\udcd6 How to Buy Bitcoin                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"hash-rate\"\n             data-cat=\"mining-consensus\" \n             data-diff=\"2\" \n             data-letter=\"H\"\n             data-term=\"hash rate\"\n             data-def=\"the total computational power being used to mine and process transactions on a proof of work blockchain.\"\n             id=\"term-hash-rate\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Hash Rate<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Mining &amp; Consensus<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The total computational power being used to mine and process transactions on a Proof of Work blockchain.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Measured in hashes per second. Higher hash rate = more security. Bitcoin&#039;s hash rate has consistently increased, reaching record highs regularly.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Bitcoin&#039;s hash rate has increased over 10,000,000x since 2009 \u2014 from a single laptop to millions of specialized machines.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"mining\">Minedrift<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"proof-of-work\">Bevis for arbejde (Proof of Work (PoW))<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"difficulty-adjustment\">Difficulty Adjustment<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"difficulty-adjustment\"\n             data-cat=\"mining-consensus\" \n             data-diff=\"3\" \n             data-letter=\"D\"\n             data-term=\"difficulty adjustment\"\n             data-def=\"an automatic change to mining difficulty that keeps block creation time consistent regardless of how many miners join or leave.\"\n             id=\"term-difficulty-adjustment\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Avanceret\"><\/span>\n                    <span class=\"scg-gl-card-term\">Difficulty Adjustment<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Mining &amp; Consensus<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An automatic change to mining difficulty that keeps block creation time consistent regardless of how many miners join or leave.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Bitcoin adjusts every 2,016 blocks (~2 weeks). More miners = harder puzzles. Fewer miners = easier. This ensures ~10 minute blocks.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>China&#039;s 2021 mining ban caused the largest difficulty drop in Bitcoin&#039;s history (28%) \u2014 and the network recovered within months.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"hash-rate\">Hash Rate<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"mining\">Minedrift<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"proof-of-work\">Bevis for arbejde (Proof of Work (PoW))<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"delegated-proof-of-stake\"\n             data-cat=\"mining-consensus\" \n             data-diff=\"3\" \n             data-letter=\"D\"\n             data-term=\"delegated proof of stake (dpos)\"\n             data-def=\"a pos variation where token holders vote to elect a fixed number of validators who produce blocks on their behalf.\"\n             id=\"term-delegated-proof-of-stake\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Avanceret\"><\/span>\n                    <span class=\"scg-gl-card-term\">Delegated Proof of Stake (DPoS)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Mining &amp; Consensus<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A PoS variation where token holders vote to elect a fixed number of validators who produce blocks on their behalf.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Used by EOS and Tron. Faster and more efficient but sacrifices some decentralization \u2014 typically only 21-100 elected delegates.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>EOS&#039;s 21 block producers have been accused of forming cartels and vote-trading \u2014 a common criticism of DPoS.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"proof-of-stake\">Proof of Stake (PoS)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"validator\">Validator<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"consensus-mechanism\">Consensus Mechanism<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"finality\"\n             data-cat=\"mining-consensus\" \n             data-diff=\"3\" \n             data-letter=\"F\"\n             data-term=\"finality\"\n             data-def=\"the point at which a transaction is considered irreversible and permanently recorded.\"\n             id=\"term-finality\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Avanceret\"><\/span>\n                    <span class=\"scg-gl-card-term\">Finality<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Mining &amp; Consensus<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The point at which a transaction is considered irreversible and permanently recorded.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Bitcoin: ~6 confirmations (~60 min). Ethereum: ~13 min (2 epochs). Solana: near-instant. Faster finality is better for UX but involves different security tradeoffs.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Visa settles in 1-3 business days. Bitcoin achieves cryptographic finality in ~60 minutes. Solana in under 1 second.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"consensus-mechanism\">Consensus Mechanism<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"block\">Blok<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"epoch\">Epoch<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"block-reward\"\n             data-cat=\"mining-consensus\" \n             data-diff=\"1\" \n             data-letter=\"B\"\n             data-term=\"block reward\"\n             data-def=\"the cryptocurrency paid to a miner or validator for successfully adding a new block to the blockchain.\"\n             id=\"term-block-reward\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Blok bel\u00f8nning<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Mining &amp; Consensus<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The cryptocurrency paid to a miner or validator for successfully adding a new block to the blockchain.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Bitcoin&#039;s reward started at 50 BTC, now 3.125 BTC after 4 halvings. On Ethereum, validators earn from newly minted ETH plus transaction fees.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The very first Bitcoin block reward (50 BTC) is worth over $3 million today \u2014 but can never be spent.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"mining\">Minedrift<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"halving\">Halvering af<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"validator\">Validator<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"51-percent-attack\"\n             data-cat=\"mining-consensus\" \n             data-diff=\"2\" \n             data-letter=\"#\"\n             data-term=\"51% attack\"\n             data-def=\"a theoretical attack where a single entity gains &gt;50% of mining power or staked tokens, allowing them to manipulate the ledger.\"\n             id=\"term-51-percent-attack\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">51% Angreb<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Mining &amp; Consensus<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A theoretical attack where a single entity gains &gt;50% of mining power or staked tokens, allowing them to manipulate the ledger.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>With majority control, an attacker could double-spend coins or reverse transactions. For Bitcoin, this would cost billions \u2014 making it economically impractical.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>A 51% attack on Bitcoin would require ~$20 billion in mining hardware \u2014 more than the GDP of many countries.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"consensus-mechanism\">Consensus Mechanism<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"hash-rate\">Hash Rate<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"proof-of-work\">Bevis for arbejde (Proof of Work (PoW))<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"decentralization\">Decentralisering<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"nft\"\n             data-cat=\"nfts-tokens\" \n             data-diff=\"1\" \n             data-letter=\"N\"\n             data-term=\"nft (non-fungible token)\"\n             data-def=\"a unique digital token on a blockchain representing ownership of a specific item \u2014 artwork, music, in-game assets, or other content.\"\n             id=\"term-nft\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">NFT (Non-Fungible Token)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">NFTs &amp; Tokens<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A unique digital token on a blockchain representing ownership of a specific item \u2014 artwork, music, in-game assets, or other content.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Unlike Bitcoin where each unit is identical, each NFT is unique. NFTs exploded in 2021 with art sales reaching millions. Applications extend to gaming, real estate, ticketing, and identity.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The most expensive NFT ever sold (Beeple&#039;s &quot;Everydays&quot;) went for $69.3 million at Christie&#039;s auction house.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"fungible\">Fungibel<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"token\">Token<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"erc-20\">ERC-20<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"fungible\"\n             data-cat=\"nfts-tokens\" \n             data-diff=\"2\" \n             data-letter=\"F\"\n             data-term=\"fungible\"\n             data-def=\"an asset where each unit is identical and interchangeable. one bitcoin equals any other bitcoin.\"\n             id=\"term-fungible\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Fungibel<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">NFTs &amp; Tokens<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An asset where each unit is identical and interchangeable. One Bitcoin equals any other Bitcoin.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Fungibility is essential for a currency. Bitcoin and most cryptocurrencies are fungible. NFTs are non-fungible \u2014 each is unique.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Some privacy advocates argue Bitcoin isn&#039;t perfectly fungible because transaction history can &quot;taint&quot; certain coins.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"nft\">NFT (Non-Fungible Token)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"token\">Token<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"token\"\n             data-cat=\"nfts-tokens\" \n             data-diff=\"1\" \n             data-letter=\"T\"\n             data-term=\"token\"\n             data-def=\"a digital asset created on an existing blockchain rather than having its own. most defi and utility assets are tokens.\"\n             id=\"term-token\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Token<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">NFTs &amp; Tokens<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A digital asset created on an existing blockchain rather than having its own. Most DeFi and utility assets are tokens.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Tokens use standards like ERC-20 (Ethereum) or SPL (Solana). The distinction between &quot;coin&quot; (own blockchain) and &quot;token&quot; (built on another) is technical but often used interchangeably.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Over 500,000 different tokens have been created on Ethereum alone \u2014 the vast majority have zero value.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"erc-20\">ERC-20<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"altcoin\">Altcoin<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"tokenomics\">Tokenomics<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"erc-20\"\n             data-cat=\"nfts-tokens\" \n             data-diff=\"2\" \n             data-letter=\"E\"\n             data-term=\"erc-20\"\n             data-def=\"the standard for creating fungible tokens on ethereum. usdt, usdc, link, uni, and thousands more follow this standard.\"\n             id=\"term-erc-20\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">ERC-20<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">NFTs &amp; Tokens<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The standard for creating fungible tokens on Ethereum. USDT, USDC, LINK, UNI, and thousands more follow this standard.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>ERC-20 defines rules all Ethereum tokens must follow, ensuring compatibility with any wallet, exchange, or app that supports the standard.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The ERC-20 standard was proposed by Fabian Vogelsteller in 2015 \u2014 one technical document enabled trillions of dollars in token creation.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"token\">Token<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"smart-contract\">Smart kontrakt<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"altcoin\"\n             data-cat=\"nfts-tokens\" \n             data-diff=\"1\" \n             data-letter=\"A\"\n             data-term=\"altcoin\"\n             data-def=\"any cryptocurrency other than bitcoin. the term combines &quot;alternative&quot; and &quot;coin.&quot;\"\n             id=\"term-altcoin\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Altcoin<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">NFTs &amp; Tokens<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Any cryptocurrency other than Bitcoin. The term combines &quot;alternative&quot; and &quot;coin.&quot;<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Ethereum, Solana, Cardano are all technically altcoins. Typically refers to smaller-cap coins. Altcoins have higher volatility and risk but also higher potential upside.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Of the top 100 altcoins from 2017, fewer than 30 are still in the top 200 today \u2014 illustrating the high failure rate.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"meme-coin\">Meme Coin<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"market-capitalization\">Market Capitalization<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"token\">Token<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"meme-coin\"\n             data-cat=\"nfts-tokens\" \n             data-diff=\"1\" \n             data-letter=\"M\"\n             data-term=\"meme coin\"\n             data-def=\"a cryptocurrency inspired by internet memes, typically with no underlying technology beyond community enthusiasm.\"\n             id=\"term-meme-coin\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Meme Coin<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">NFTs &amp; Tokens<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A cryptocurrency inspired by internet memes, typically with no underlying technology beyond community enthusiasm.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Dogecoin and Shiba Inu are the most well-known. They experience extreme volatility driven by social media. The vast majority go to zero.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Dogecoin was created in 2 hours as a joke \u2014 it&#039;s now worth over $20 billion, more than many real companies.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"altcoin\">Altcoin<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"fomo\">FOMO<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"volatility\">Volatilitet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"aping-in\">Aping In<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/da\/hvordan-man-kober\/kob-dogecoin-doge-en-simpel-guide\/\">\n                    \ud83d\udcd6 How to Buy Dogecoin                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"utility-token\"\n             data-cat=\"nfts-tokens\" \n             data-diff=\"2\" \n             data-letter=\"U\"\n             data-term=\"utility token\"\n             data-def=\"a token that provides access to a specific product, service, or feature within a blockchain ecosystem.\"\n             id=\"term-utility-token\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Utility Token<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">NFTs &amp; Tokens<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A token that provides access to a specific product, service, or feature within a blockchain ecosystem.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>BNB provides Binance fee discounts. LINK pays Chainlink oracles. FIL pays for Filecoin storage. Value derives from actual usage.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>BNB started as just a fee discount token \u2014 it now powers an entire blockchain ecosystem worth over $80 billion.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"governance-token\">Governance Token<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"security-token\">Security Token<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"tokenomics\">Tokenomics<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"security-token\"\n             data-cat=\"nfts-tokens\" \n             data-diff=\"3\" \n             data-letter=\"S\"\n             data-term=\"security token\"\n             data-def=\"a digital token representing ownership in a real-world asset like equity or real estate, subject to securities regulations.\"\n             id=\"term-security-token\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Avanceret\"><\/span>\n                    <span class=\"scg-gl-card-term\">Security Token<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">NFTs &amp; Tokens<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A digital token representing ownership in a real-world asset like equity or real estate, subject to securities regulations.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Regulated financial instruments that must comply with securities laws. Could make stocks, bonds, and real estate more accessible and tradable 24\/7.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The first tokenized US Treasury bills appeared in 2023 \u2014 by 2025, over $2 billion in real-world assets had been tokenized.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"sec\">SEC (Securities and Exchange Commission)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"howey-test\">Howey Test<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"utility-token\">Utility Token<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"token-burn\"\n             data-cat=\"nfts-tokens\" \n             data-diff=\"2\" \n             data-letter=\"T\"\n             data-term=\"token burn\"\n             data-def=\"permanently removing tokens from circulation by sending them to an inaccessible address, reducing total supply.\"\n             id=\"term-token-burn\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Token Burn<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">NFTs &amp; Tokens<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Permanently removing tokens from circulation by sending them to an inaccessible address, reducing total supply.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Burns create deflationary pressure. Ethereum burns a portion of transaction fees (EIP-1559). Binance periodically burns BNB.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Ethereum has burned over 4 million ETH since EIP-1559 \u2014 worth over $10 billion at current prices.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"tokenomics\">Tokenomics<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"erc-20\">ERC-20<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"airdrop\"\n             data-cat=\"nfts-tokens\" \n             data-diff=\"1\" \n             data-letter=\"A\"\n             data-term=\"airdrop\"\n             data-def=\"free distribution of tokens to wallet addresses, typically as marketing or a reward for early users.\"\n             id=\"term-airdrop\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Airdrop<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">NFTs &amp; Tokens<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Free distribution of tokens to wallet addresses, typically as marketing or a reward for early users.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Uniswap&#039;s 2020 airdrop gave 400 UNI to anyone who had used the protocol. Airdrops incentivize early adoption. Be cautious of unsolicited airdrops \u2014 some are phishing vectors.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The Uniswap airdrop gave away $1,200+ per user \u2014 some power users with multiple wallets received over $100,000.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"defi\">DeFi (decentraliseret finansiering)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dex\">DEX (Decentralized Exchange)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"tokenomics\">Tokenomics<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"tokenomics\"\n             data-cat=\"nfts-tokens\" \n             data-diff=\"2\" \n             data-letter=\"T\"\n             data-term=\"tokenomics\"\n             data-def=\"the economic model of a cryptocurrency \u2014 supply, distribution, inflation\/deflation, utility, and incentives.\"\n             id=\"term-tokenomics\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Tokenomics<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">NFTs &amp; Tokens<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The economic model of a cryptocurrency \u2014 supply, distribution, inflation\/deflation, utility, and incentives.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewbox=\"0 0 600 110\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"20\" y=\"15\" width=\"130\" height=\"80\" rx=\"8\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"85\" y=\"38\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"10\" font-weight=\"700\">Supply<\/text><text x=\"85\" y=\"55\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"8\">Fixed? Inflationary?<\/text><text x=\"85\" y=\"70\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">BTC: 21M cap<\/text><text x=\"85\" y=\"82\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">ETH: no cap<\/text><rect x=\"170\" y=\"15\" width=\"130\" height=\"80\" rx=\"8\" fill=\"#1C2230\" stroke=\"#38BDF8\" stroke-width=\"2\"\/><text x=\"235\" y=\"38\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"10\" font-weight=\"700\">Fordeling<\/text><text x=\"235\" y=\"55\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"8\">Who holds what %?<\/text><text x=\"235\" y=\"70\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">Team, investors,<\/text><text x=\"235\" y=\"82\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">community, treasury<\/text><rect x=\"320\" y=\"15\" width=\"130\" height=\"80\" rx=\"8\" fill=\"#1C2230\" stroke=\"#FBBF24\" stroke-width=\"2\"\/><text x=\"385\" y=\"38\" text-anchor=\"middle\" fill=\"#FBBF24\" font-size=\"10\" font-weight=\"700\">Brugsgode<\/text><text x=\"385\" y=\"55\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"8\">What is it used for?<\/text><text x=\"385\" y=\"70\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">Gas, governance,<\/text><text x=\"385\" y=\"82\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">staking, access<\/text><rect x=\"470\" y=\"15\" width=\"110\" height=\"80\" rx=\"8\" fill=\"#1C2230\" stroke=\"#A78BFA\" stroke-width=\"2\"\/><text x=\"525\" y=\"38\" text-anchor=\"middle\" fill=\"#A78BFA\" font-size=\"10\" font-weight=\"700\">Vesting<\/text><text x=\"525\" y=\"55\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"8\">When can<\/text><text x=\"525\" y=\"70\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">insiders sell?<\/text><text x=\"525\" y=\"82\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">Cliff + schedule<\/text><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Key factors: total supply (capped like BTC at 21M, or inflationary?), distribution (how much do founders hold?), vesting schedules, and utility.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Bitcoin&#039;s tokenomics are considered the most elegant: fixed supply, predictable issuance, no pre-mine, no founder allocation.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"token-burn\">Token Burn<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"vesting\">Vesting<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"halving\">Halvering af<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"vesting\"\n             data-cat=\"nfts-tokens\" \n             data-diff=\"2\" \n             data-letter=\"V\"\n             data-term=\"vesting\"\n             data-def=\"a schedule that gradually releases tokens to team members and investors over time rather than all at once.\"\n             id=\"term-vesting\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Vesting<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">NFTs &amp; Tokens<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A schedule that gradually releases tokens to team members and investors over time rather than all at once.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Prevents insiders from dumping immediately. Typical: 1-year cliff, then monthly releases over 2-3 years. Token unlocks can create selling pressure.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Some of the largest price drops in altcoin history have occurred on major token unlock dates \u2014 savvy traders track these closely.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"tokenomics\">Tokenomics<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"token-burn\">Token Burn<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"whitepaper\"\n             data-cat=\"nfts-tokens\" \n             data-diff=\"1\" \n             data-letter=\"W\"\n             data-term=\"whitepaper\"\n             data-def=\"a detailed technical document explaining a crypto project&#039;s technology, use case, tokenomics, and roadmap.\"\n             id=\"term-whitepaper\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Hvidbog<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">NFTs &amp; Tokens<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A detailed technical document explaining a crypto project&#039;s technology, use case, tokenomics, and roadmap.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Bitcoin&#039;s whitepaper by Satoshi Nakamoto (2008) is the most famous. Reading the whitepaper is essential research before investing. Projects without one should be viewed skeptically.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Bitcoin&#039;s whitepaper is just 9 pages long \u2014 arguably the most impactful 9 pages in financial history.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"tokenomics\">Tokenomics<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dyor\">DYOR (Do Your Own Research)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"stablecoin\"\n             data-cat=\"stablecoins\" \n             data-diff=\"1\" \n             data-letter=\"S\"\n             data-term=\"stablecoin\"\n             data-def=\"a cryptocurrency designed to maintain a stable value, typically pegged 1:1 to the us dollar.\"\n             id=\"term-stablecoin\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Stablecoin<\/span>\n                    <span class=\"scg-gl-has-diagram\" title=\"Visual diagram included\">\ud83d\udcca<\/span>                <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Stablecoins<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A cryptocurrency designed to maintain a stable value, typically pegged 1:1 to the US dollar.<\/p>\n                \n                                <div class=\"scg-gl-diagram\"><svg viewbox=\"0 0 600 110\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"20\" y=\"15\" width=\"170\" height=\"80\" rx=\"10\" fill=\"#1C2230\" stroke=\"#4ADE80\" stroke-width=\"2\"\/><text x=\"105\" y=\"38\" text-anchor=\"middle\" fill=\"#4ADE80\" font-size=\"10\" font-weight=\"700\">Fiat-Backed \u2713<\/text><text x=\"105\" y=\"55\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">USDT, USDC<\/text><text x=\"105\" y=\"70\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">Backed by real $USD<\/text><text x=\"105\" y=\"83\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">Most trusted model<\/text><rect x=\"215\" y=\"15\" width=\"170\" height=\"80\" rx=\"10\" fill=\"#1C2230\" stroke=\"#38BDF8\" stroke-width=\"2\"\/><text x=\"300\" y=\"38\" text-anchor=\"middle\" fill=\"#38BDF8\" font-size=\"10\" font-weight=\"700\">Crypto-Backed \u2713<\/text><text x=\"300\" y=\"55\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">DAI (MakerDAO)<\/text><text x=\"300\" y=\"70\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">Over-collateralized<\/text><text x=\"300\" y=\"83\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">Decentraliseret<\/text><rect x=\"410\" y=\"15\" width=\"170\" height=\"80\" rx=\"10\" fill=\"#1C2230\" stroke=\"#F87171\" stroke-width=\"2\"\/><text x=\"495\" y=\"38\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"10\" font-weight=\"700\">Algorithmic \u2717<\/text><text x=\"495\" y=\"55\" text-anchor=\"middle\" fill=\"#E8ECF1\" font-size=\"9\">TerraUSD (collapsed)<\/text><text x=\"495\" y=\"70\" text-anchor=\"middle\" fill=\"#8A94A6\" font-size=\"8\">No real backing<\/text><text x=\"495\" y=\"83\" text-anchor=\"middle\" fill=\"#F87171\" font-size=\"8\">\u26a0 High risk of failure<\/text><\/svg><\/div>\n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Three types: fiat-backed (USDT, USDC), crypto-backed (DAI), and algorithmic (risky \u2014 see TerraUSD). Stablecoins solve volatility for payments and trading.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Stablecoins process more transaction volume than Visa and Mastercard combined on an annualized basis.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"usdt\">USDT (Tether)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"usdc\">USDC (USD Coin)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dai\">DAI<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"depeg\">Depeg<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"usdt\"\n             data-cat=\"stablecoins\" \n             data-diff=\"1\" \n             data-letter=\"U\"\n             data-term=\"usdt (tether)\"\n             data-def=\"the largest stablecoin by market cap, issued by tether limited and pegged to the us dollar.\"\n             id=\"term-usdt\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">USDT (Tether)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Stablecoins<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The largest stablecoin by market cap, issued by Tether Limited and pegged to the US dollar.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>More traded by volume than Bitcoin. Available on virtually every exchange. Tether has faced scrutiny about reserve backing.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>USDT&#039;s market cap exceeds $140 billion \u2014 larger than the GDP of over 100 countries.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"stablecoin\">Stablecoin<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"usdc\">USDC (USD Coin)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"fiat-backed\">Fiat-Backed<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"usdc\"\n             data-cat=\"stablecoins\" \n             data-diff=\"1\" \n             data-letter=\"U\"\n             data-term=\"usdc (usd coin)\"\n             data-def=\"a regulated stablecoin issued by circle, backed by cash and short-term us treasury bonds.\"\n             id=\"term-usdc\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">USDC (USD Coin)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Stablecoins<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A regulated stablecoin issued by Circle, backed by cash and short-term US Treasury bonds.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>More transparent than USDT \u2014 Circle publishes regular attestation reports. Preferred by institutions and regulatory-conscious users.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>USDC briefly depegged to $0.87 when Silicon Valley Bank collapsed in March 2023 \u2014 it held $3.3B of reserves there.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"stablecoin\">Stablecoin<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"usdt\">USDT (Tether)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"depeg\">Depeg<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"dai\"\n             data-cat=\"stablecoins\" \n             data-diff=\"2\" \n             data-letter=\"D\"\n             data-term=\"dai\"\n             data-def=\"a decentralized stablecoin created by makerdao, backed by over-collateralized crypto assets.\"\n             id=\"term-dai\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">DAI<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Stablecoins<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A decentralized stablecoin created by MakerDAO, backed by over-collateralized crypto assets.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Unlike corporate-issued stablecoins, DAI is generated through smart contracts. Users deposit collateral worth 150%+ of the DAI they mint.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>DAI has maintained its $1 peg through multiple market crashes \u2014 proving decentralized stablecoins can work.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"stablecoin\">Stablecoin<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"collateral\">Sikkerhedsstillelse<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dao\">DAO (Decentralized Autonomous Organization)<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/da\/hvordan-man-kober\/how-to-buy-maker-mkr\/\">\n                    \ud83d\udcd6 How to Buy Maker (MKR)                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"depeg\"\n             data-cat=\"stablecoins\" \n             data-diff=\"2\" \n             data-letter=\"D\"\n             data-term=\"depeg\"\n             data-def=\"when a stablecoin loses its peg and trades significantly above or below $1.00.\"\n             id=\"term-depeg\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Depeg<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Stablecoins<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">When a stablecoin loses its peg and trades significantly above or below $1.00.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>The most catastrophic depeg was TerraUSD in May 2022 \u2014 from $1.00 to ~$0, wiping out ~$40 billion. Even major stablecoins have briefly depegged.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The TerraUSD collapse triggered a chain reaction that took down Three Arrows Capital, Celsius, Voyager, and ultimately FTX.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"stablecoin\">Stablecoin<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"algorithmic-stablecoin\">Algorithmic Stablecoin<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"algorithmic-stablecoin\"\n             data-cat=\"stablecoins\" \n             data-diff=\"3\" \n             data-letter=\"A\"\n             data-term=\"algorithmic stablecoin\"\n             data-def=\"a stablecoin that maintains its peg through automated supply adjustments rather than holding reserves.\"\n             id=\"term-algorithmic-stablecoin\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Avanceret\"><\/span>\n                    <span class=\"scg-gl-card-term\">Algorithmic Stablecoin<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Stablecoins<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A stablecoin that maintains its peg through automated supply adjustments rather than holding reserves.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Elegant in theory but catastrophic in practice \u2014 TerraUSD&#039;s death spiral destroyed $40 billion. Most investors now view them with extreme skepticism.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>After TerraUSD, several countries fast-tracked stablecoin regulations specifically to ban or restrict algorithmic designs.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"stablecoin\">Stablecoin<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"depeg\">Depeg<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"fiat-backed\"\n             data-cat=\"stablecoins\" \n             data-diff=\"2\" \n             data-letter=\"F\"\n             data-term=\"fiat-backed\"\n             data-def=\"a stablecoin backed by actual fiat currency, cash deposits, or cash-equivalent reserves like government bonds.\"\n             id=\"term-fiat-backed\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Fiat-Backed<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Stablecoins<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A stablecoin backed by actual fiat currency, cash deposits, or cash-equivalent reserves like government bonds.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>USDT and USDC are fiat-backed. Trust depends on reserve quality and transparency. The key question: if everyone redeemed at once, are reserves actually there?<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Tether&#039;s reserve composition has been a controversial topic since 2017 \u2014 they now publish quarterly attestations showing primarily US Treasury bills.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"stablecoin\">Stablecoin<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"usdt\">USDT (Tether)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"usdc\">USDC (USD Coin)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"cbdc\"\n             data-cat=\"stablecoins\" \n             data-diff=\"2\" \n             data-letter=\"C\"\n             data-term=\"cbdc (central bank digital currency)\"\n             data-def=\"a digital currency issued directly by a country&#039;s central bank \u2014 a digital form of national currency.\"\n             id=\"term-cbdc\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">CBDC (Central Bank Digital Currency)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Stablecoins<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A digital currency issued directly by a country&#039;s central bank \u2014 a digital form of national currency.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Not cryptocurrencies \u2014 centralized, government-controlled. China&#039;s digital yuan is most advanced. Offers payment efficiency but raises major privacy concerns.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Over 130 countries (representing 98% of global GDP) are exploring CBDCs \u2014 but fewer than 10 have actually launched one.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"stablecoin\">Stablecoin<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"sec\"\n             data-cat=\"regulation\" \n             data-diff=\"2\" \n             data-letter=\"S\"\n             data-term=\"sec (securities and exchange commission)\"\n             data-def=\"the us federal agency regulating securities markets, which has increasingly asserted jurisdiction over cryptocurrency.\"\n             id=\"term-sec\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">SEC (Securities and Exchange Commission)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Regulation<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The US federal agency regulating securities markets, which has increasingly asserted jurisdiction over cryptocurrency.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>The SEC approved spot Bitcoin ETFs (Jan 2024) and Ethereum ETFs \u2014 landmark decisions. It has also sued multiple crypto projects, arguing many tokens are securities.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The SEC&#039;s lawsuit against Ripple (XRP) lasted over 3 years and became the most closely watched crypto legal case in history.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"howey-test\">Howey Test<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"etf\">ETF (Exchange-Traded Fund)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"security-token\">Security Token<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"howey-test\"\n             data-cat=\"regulation\" \n             data-diff=\"3\" \n             data-letter=\"H\"\n             data-term=\"howey test\"\n             data-def=\"the sec&#039;s test for whether something is a security: (1) investment of money, (2) common enterprise, (3) expectation of profits, (4) from others&#039; efforts.\"\n             id=\"term-howey-test\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Avanceret\"><\/span>\n                    <span class=\"scg-gl-card-term\">Howey Test<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Regulation<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The SEC&#039;s test for whether something is a security: (1) investment of money, (2) common enterprise, (3) expectation of profits, (4) from others&#039; efforts.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Many token sales arguably meet all four criteria. Whether specific tokens are securities remains actively debated in courts.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The Howey Test dates from a 1946 Supreme Court case about Florida orange groves \u2014 now it determines the fate of billion-dollar crypto projects.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"sec\">SEC (Securities and Exchange Commission)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"security-token\">Security Token<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"etf\">ETF (Exchange-Traded Fund)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"etf\"\n             data-cat=\"regulation\" \n             data-diff=\"1\" \n             data-letter=\"E\"\n             data-term=\"etf (exchange-traded fund)\"\n             data-def=\"an investment fund traded on stock exchanges. spot bitcoin and ethereum etfs allow traditional investors to gain crypto exposure.\"\n             id=\"term-etf\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">ETF (Exchange-Traded Fund)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Regulation<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An investment fund traded on stock exchanges. Spot Bitcoin and Ethereum ETFs allow traditional investors to gain crypto exposure.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>SEC approved spot Bitcoin ETFs in January 2024. BlackRock and Fidelity launched the largest ones. ~$110 billion flowed in during the first year.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>BlackRock&#039;s Bitcoin ETF (IBIT) became the fastest ETF in history to reach $50 billion in assets \u2014 in under 6 months.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"sec\">SEC (Securities and Exchange Commission)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"market-capitalization\">Market Capitalization<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"mica\"\n             data-cat=\"regulation\" \n             data-diff=\"3\" \n             data-letter=\"M\"\n             data-term=\"mica (markets in crypto-assets)\"\n             data-def=\"the eu&#039;s comprehensive regulatory framework for crypto assets \u2014 the first of its kind globally.\"\n             id=\"term-mica\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Avanceret\"><\/span>\n                    <span class=\"scg-gl-card-term\">MiCA (Markets in Crypto-Assets)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Regulation<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The EU&#039;s comprehensive regulatory framework for crypto assets \u2014 the first of its kind globally.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Establishes rules for service providers, stablecoin issuers, exchange licensing, and consumer protection. Took effect through 2024-2025.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>MiCA is 150 pages long \u2014 making it the most detailed piece of crypto-specific legislation ever written.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"sec\">SEC (Securities and Exchange Commission)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"kyc\">KYC (kend din kunde)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"aml\">AML (Anti-Money Laundering)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"sanctions\"\n             data-cat=\"regulation\" \n             data-diff=\"3\" \n             data-letter=\"S\"\n             data-term=\"sanctions\"\n             data-def=\"government restrictions prohibiting certain countries, entities, or individuals from accessing financial services including crypto.\"\n             id=\"term-sanctions\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Avanceret\"><\/span>\n                    <span class=\"scg-gl-card-term\">Sanctions<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Regulation<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Government restrictions prohibiting certain countries, entities, or individuals from accessing financial services including crypto.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Major exchanges comply with international sanctions. Tornado Cash, a privacy protocol, was sanctioned by the US Treasury in 2022.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The sanctioning of Tornado Cash (open-source code) sparked intense debate about whether you can sanction software.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"aml\">AML (Anti-Money Laundering)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"kyc\">KYC (kend din kunde)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"taxable-event\"\n             data-cat=\"regulation\" \n             data-diff=\"2\" \n             data-letter=\"T\"\n             data-term=\"taxable event\"\n             data-def=\"an action triggering a tax obligation. selling crypto, trading one for another, and earning yield are typically taxable.\"\n             id=\"term-taxable-event\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Taxable Event<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Regulation<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An action triggering a tax obligation. Selling crypto, trading one for another, and earning yield are typically taxable.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Simply buying and holding is not taxable in most jurisdictions. Tax rules vary by country. Keep detailed records of all transactions.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The IRS estimates that less than 50% of US crypto holders accurately report their crypto taxes.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"capital-gains-tax\">Capital Gains Tax<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"capital-gains-tax\"\n             data-cat=\"regulation\" \n             data-diff=\"2\" \n             data-letter=\"C\"\n             data-term=\"capital gains tax\"\n             data-def=\"tax on profit from selling an asset for more than you paid. crypto profits are subject to capital gains tax in most countries.\"\n             id=\"term-capital-gains-tax\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Capital Gains Tax<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Regulation<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Tax on profit from selling an asset for more than you paid. Crypto profits are subject to capital gains tax in most countries.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Short-term gains (held &lt;1 year) taxed at higher rates. Some countries (Germany) exempt gains held &gt;1 year. Consult a tax professional.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Germany&#039;s 1-year holding exemption has made it one of the most crypto-friendly tax jurisdictions in the world.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"taxable-event\">Taxable Event<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"travel-rule\"\n             data-cat=\"regulation\" \n             data-diff=\"3\" \n             data-letter=\"T\"\n             data-term=\"travel rule\"\n             data-def=\"a regulation requiring exchanges to share sender and recipient information for transactions above certain thresholds.\"\n             id=\"term-travel-rule\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Avanceret\"><\/span>\n                    <span class=\"scg-gl-card-term\">Travel Rule<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Regulation<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A regulation requiring exchanges to share sender and recipient information for transactions above certain thresholds.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Extended to crypto by FATF in 2019. Requires identifying info for transfers above $1,000 in many jurisdictions.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The Travel Rule was originally designed for banks in 1996 \u2014 it took 23 years to extend it to crypto.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"kyc\">KYC (kend din kunde)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"aml\">AML (Anti-Money Laundering)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"defi-regulation\"\n             data-cat=\"regulation\" \n             data-diff=\"3\" \n             data-letter=\"D\"\n             data-term=\"defi regulation\"\n             data-def=\"the evolving legal framework around decentralized finance protocols that operate without central operators.\"\n             id=\"term-defi-regulation\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Avanceret\"><\/span>\n                    <span class=\"scg-gl-card-term\">DeFi Regulation<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Regulation<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The evolving legal framework around decentralized finance protocols that operate without central operators.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Regulating DeFi is uniquely challenging: no company to regulate, no central control, and protocols can be deployed anonymously.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The SEC has argued that even &quot;decentralized&quot; protocols have identifiable developers who can be held accountable.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"defi\">DeFi (decentraliseret finansiering)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"sec\">SEC (Securities and Exchange Commission)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dao\">DAO (Decentralized Autonomous Organization)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"sro\"\n             data-cat=\"regulation\" \n             data-diff=\"3\" \n             data-letter=\"S\"\n             data-term=\"self-regulatory organization (sro)\"\n             data-def=\"an industry body creating and enforcing standards for its members without direct government mandate.\"\n             id=\"term-sro\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Avanceret\"><\/span>\n                    <span class=\"scg-gl-card-term\">Self-Regulatory Organization (SRO)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Regulation<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An industry body creating and enforcing standards for its members without direct government mandate.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Proposed as an alternative to heavy government regulation. Exchanges would self-regulate through agreed-upon standards.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>FINRA serves as an SRO for traditional brokerages \u2014 no equivalent exists yet for crypto, though several have been proposed.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"sec\">SEC (Securities and Exchange Commission)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"kyc\">KYC (kend din kunde)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"cryptography\"\n             data-cat=\"technical\" \n             data-diff=\"2\" \n             data-letter=\"C\"\n             data-term=\"cryptography\"\n             data-def=\"the mathematical science of encoding information that underpins all cryptocurrency \u2014 securing transactions, generating keys, and creating signatures.\"\n             id=\"term-cryptography\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Kryptografi<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Technical<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The mathematical science of encoding information that underpins all cryptocurrency \u2014 securing transactions, generating keys, and creating signatures.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Blockchain uses hash functions (SHA-256), public-key cryptography, and Merkle trees. You don&#039;t need to understand the math, but knowing cryptography is the foundation is important.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The cryptography protecting Bitcoin is the same type used by militaries and intelligence agencies worldwide.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"hash-function\">Hash-funktion<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"private-key\">Private Key<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"public-key\">Public Key<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"hash-function\"\n             data-cat=\"technical\" \n             data-diff=\"3\" \n             data-letter=\"H\"\n             data-term=\"hash function\"\n             data-def=\"a mathematical function converting any input into a fixed-length string. same input always produces same output, but output cannot reveal input.\"\n             id=\"term-hash-function\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Avanceret\"><\/span>\n                    <span class=\"scg-gl-card-term\">Hash-funktion<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Technical<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A mathematical function converting any input into a fixed-length string. Same input always produces same output, but output cannot reveal input.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Bitcoin uses SHA-256; Ethereum uses Keccak-256. Used to link blocks, create addresses, and verify data. Mining is essentially searching for a hash meeting specific criteria.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>SHA-256 produces a 256-bit output \u2014 there are more possible outputs than atoms in the observable universe.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"cryptography\">Kryptografi<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"mining\">Minedrift<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"merkle-tree\">Merkle-tr\u00e6<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"merkle-tree\"\n             data-cat=\"technical\" \n             data-diff=\"3\" \n             data-letter=\"M\"\n             data-term=\"merkle tree\"\n             data-def=\"a data structure allowing efficient verification of large datasets by organizing hashes in a tree hierarchy.\"\n             id=\"term-merkle-tree\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Avanceret\"><\/span>\n                    <span class=\"scg-gl-card-term\">Merkle-tr\u00e6<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Technical<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A data structure allowing efficient verification of large datasets by organizing hashes in a tree hierarchy.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>You can prove a transaction is included in a block without downloading all transactions. Essential for light clients like mobile wallets.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Named after Ralph Merkle, who patented the concept in 1979 \u2014 decades before Bitcoin existed.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"hash-function\">Hash-funktion<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"block\">Blok<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"node\">Knudepunkt<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"zero-knowledge-proof\"\n             data-cat=\"technical\" \n             data-diff=\"3\" \n             data-letter=\"Z\"\n             data-term=\"zero-knowledge proof (zkp)\"\n             data-def=\"a cryptographic method allowing one party to prove knowledge of something without revealing the information itself.\"\n             id=\"term-zero-knowledge-proof\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Avanceret\"><\/span>\n                    <span class=\"scg-gl-card-term\">Zero-Knowledge Proof (ZKP)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Technical<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A cryptographic method allowing one party to prove knowledge of something without revealing the information itself.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>ZKPs enable both privacy and scalability. ZK-rollups process transactions off-chain and submit validity proofs to the main chain.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The concept of zero-knowledge proofs was first described in 1985 \u2014 it took nearly 40 years before practical implementations appeared in blockchain.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"rollup\">Rollup<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"layer-2\">Layer 2 (L2)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"cryptography\">Kryptografi<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"rollup\"\n             data-cat=\"technical\" \n             data-diff=\"2\" \n             data-letter=\"R\"\n             data-term=\"rollup\"\n             data-def=\"a layer 2 scaling solution processing transactions off the main chain and posting compressed data back to layer 1.\"\n             id=\"term-rollup\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">Rollup<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Technical<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A Layer 2 scaling solution processing transactions off the main chain and posting compressed data back to Layer 1.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Optimistic rollups (Arbitrum, Optimism) assume transactions are valid unless challenged. ZK-rollups (zkSync) generate cryptographic proofs. Both dramatically reduce costs.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Rollups can reduce Ethereum transaction costs by 10-100x while inheriting Ethereum&#039;s security guarantees.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"layer-2\">Layer 2 (L2)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"zero-knowledge-proof\">Zero-Knowledge Proof (ZKP)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"gas\">Gas<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/da\/hvordan-man-kober\/kob-optimism-op-en-simpel-guide\/\">\n                    \ud83d\udcd6 How to Buy Optimism                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"sharding\"\n             data-cat=\"technical\" \n             data-diff=\"3\" \n             data-letter=\"S\"\n             data-term=\"sharding\"\n             data-def=\"a scaling technique splitting a blockchain into parallel chains (shards), each processing a portion of transactions.\"\n             id=\"term-sharding\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Avanceret\"><\/span>\n                    <span class=\"scg-gl-card-term\">Sharding<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Technical<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A scaling technique splitting a blockchain into parallel chains (shards), each processing a portion of transactions.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Allows processing many transactions simultaneously. Ethereum&#039;s roadmap includes danksharding optimized for rollup data availability.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Sharding was originally a database scaling technique from the 1990s \u2014 blockchain engineers borrowed and adapted the concept.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"layer-1\">Layer 1 (L1)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"data-availability\">Data Availability<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"rollup\">Rollup<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"data-availability\"\n             data-cat=\"technical\" \n             data-diff=\"3\" \n             data-letter=\"D\"\n             data-term=\"data availability\"\n             data-def=\"the guarantee that data needed to verify a block is accessible to network participants.\"\n             id=\"term-data-availability\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Avanceret\"><\/span>\n                    <span class=\"scg-gl-card-term\">Data Availability<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Technical<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The guarantee that data needed to verify a block is accessible to network participants.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Critical for rollup security. Projects like Celestia specialize in providing data availability as a service.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Celestia&#039;s &quot;modular blockchain&quot; thesis \u2014 separating data availability from execution \u2014 has spawned an entire new category of blockchain projects.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"rollup\">Rollup<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"layer-1\">Layer 1 (L1)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"sharding\">Sharding<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/da\/hvordan-man-kober\/kob-celestia-tia-en-simpel-guide\/\">\n                    \ud83d\udcd6 How to Buy Celestia                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"depin\"\n             data-cat=\"technical\" \n             data-diff=\"2\" \n             data-letter=\"D\"\n             data-term=\"depin (decentralized physical infrastructure)\"\n             data-def=\"blockchain networks incentivizing the creation of real-world physical infrastructure through token rewards.\"\n             id=\"term-depin\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot intermediate\" title=\"Mellemliggende\"><\/span>\n                    <span class=\"scg-gl-card-term\">DePIN (Decentralized Physical Infrastructure)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Technical<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Blockchain networks incentivizing the creation of real-world physical infrastructure through token rewards.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Filecoin for storage, Helium for wireless, Render for GPU computing, Hivemapper for mapping. Uses crypto economics to crowdsource infrastructure.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Helium has deployed over 900,000 wireless hotspots in 190+ countries \u2014 all by individuals incentivized by token rewards, not by a telecom company.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"token\">Token<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"mining\">Minedrift<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"staking\">Udstakning<\/a>\n                                    <\/div>\n                                \n                                <a class=\"scg-gl-guide-link\" href=\"https:\/\/simplecryptoguide.com\/da\/hvordan-man-kober\/kob-filecoin-fil-en-simpel-vejledning\/\">\n                    \ud83d\udcd6 How to Buy Filecoin                <\/a>\n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"mev\"\n             data-cat=\"technical\" \n             data-diff=\"3\" \n             data-letter=\"M\"\n             data-term=\"mev (maximal extractable value)\"\n             data-def=\"the maximum profit a block producer can extract by reordering, including, or excluding transactions within a block.\"\n             id=\"term-mev\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Avanceret\"><\/span>\n                    <span class=\"scg-gl-card-term\">MEV (Maximal Extractable Value)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Technical<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">The maximum profit a block producer can extract by reordering, including, or excluding transactions within a block.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Sometimes called an &quot;invisible tax.&quot; Validators can front-run trades, sandwich attack users, or arbitrage between DEXs. MEV-protection tools like Flashbots help.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Over $600 million in MEV has been extracted from Ethereum users since 2020 \u2014 most users had no idea it was happening.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"validator\">Validator<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dex\">DEX (Decentralized Exchange)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"gas\">Gas<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"rpc\"\n             data-cat=\"technical\" \n             data-diff=\"3\" \n             data-letter=\"R\"\n             data-term=\"rpc (remote procedure call)\"\n             data-def=\"a protocol allowing applications to communicate with blockchain nodes to submit transactions and query data.\"\n             id=\"term-rpc\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Avanceret\"><\/span>\n                    <span class=\"scg-gl-card-term\">RPC (Remote Procedure Call)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Technical<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A protocol allowing applications to communicate with blockchain nodes to submit transactions and query data.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>MetaMask connects through an RPC provider (Infura, Alchemy). If the provider goes down, wallets and dApps stop working.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>When Infura had an outage in 2020, MetaMask and many Ethereum dApps went down \u2014 highlighting the hidden centralization in &quot;decentralized&quot; apps.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"node\">Knudepunkt<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"software-wallet\">Software Wallet<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"sybil-attack\"\n             data-cat=\"technical\" \n             data-diff=\"3\" \n             data-letter=\"S\"\n             data-term=\"sybil attack\"\n             data-def=\"an attack where a single entity creates many fake identities to gain disproportionate influence.\"\n             id=\"term-sybil-attack\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Avanceret\"><\/span>\n                    <span class=\"scg-gl-card-term\">Sybil Attack<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Technical<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An attack where a single entity creates many fake identities to gain disproportionate influence.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Can target airdrops, governance votes, or consensus. PoW and PoS resist this because participation requires real resources.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Named after the book &quot;Sybil&quot; about a woman with multiple personalities \u2014 fitting for an attack based on fake identities.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"airdrop\">Airdrop<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dao\">DAO (Decentralized Autonomous Organization)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"consensus-mechanism\">Consensus Mechanism<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"epoch\"\n             data-cat=\"technical\" \n             data-diff=\"3\" \n             data-letter=\"E\"\n             data-term=\"epoch\"\n             data-def=\"a fixed time period used by blockchains to organize validator rotations, reward distributions, and consensus rounds.\"\n             id=\"term-epoch\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot advanced\" title=\"Avanceret\"><\/span>\n                    <span class=\"scg-gl-card-term\">Epoch<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Technical<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A fixed time period used by blockchains to organize validator rotations, reward distributions, and consensus rounds.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>On Ethereum, an epoch = 32 slots (~6.4 minutes). Finality is achieved after 2 epochs (~13 minutes). Helps organize PoS coordination.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Ethereum processes about 225 epochs per day \u2014 each one shuffles validators and distributes rewards.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"validator\">Validator<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"finality\">Finality<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"proof-of-stake\">Proof of Stake (PoS)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"hodl\"\n             data-cat=\"culture\" \n             data-diff=\"1\" \n             data-letter=\"H\"\n             data-term=\"hodl\"\n             data-def=\"a misspelling of &quot;hold&quot; that became crypto slang for holding long-term regardless of price drops.\"\n             id=\"term-hodl\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">HODL<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Culture<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A misspelling of &quot;hold&quot; that became crypto slang for holding long-term regardless of price drops.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>From a 2013 Bitcoin forum post: &quot;I AM HODLING.&quot; Reflects the strategy of refusing to sell during bear markets, believing long-term holding outperforms trading.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The original &quot;I AM HODLING&quot; post was written while Bitcoin dropped from $716 to $438 \u2014 it&#039;s now worth over $67,000.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"diamond-hands\">Diamond Hands<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"bear-market\">Bj\u00f8rnemarked<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dollar-cost-averaging\">Dollar-Cost Averaging (DCA)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"wagmi\"\n             data-cat=\"culture\" \n             data-diff=\"1\" \n             data-letter=\"W\"\n             data-term=\"wagmi\"\n             data-def=\"we&#039;re all gonna make it \u2014 an optimistic rallying cry expressing belief in eventual success.\"\n             id=\"term-wagmi\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">WAGMI<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Culture<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">We&#039;re All Gonna Make It \u2014 an optimistic rallying cry expressing belief in eventual success.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Popular during the 2021 bull market. Its counterpart NGMI (Not Gonna Make It) is used to mock poor decisions.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>WAGMI peaked in Google search trends at the exact top of the 2021 bull market \u2014 a fitting metaphor for peak optimism.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"hodl\">HODL<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"fomo\">FOMO<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"bull-market\">Bull Market<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"whale\"\n             data-cat=\"culture\" \n             data-diff=\"1\" \n             data-letter=\"W\"\n             data-term=\"whale\"\n             data-def=\"an individual or entity holding a very large amount of cryptocurrency \u2014 enough to significantly impact market price.\"\n             id=\"term-whale\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Hval<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Culture<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">An individual or entity holding a very large amount of cryptocurrency \u2014 enough to significantly impact market price.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Bitcoin whales (1,000+ BTC) are tracked by analytics firms. Movements to exchanges may signal selling; movements off suggest holding.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The largest known Bitcoin whale (besides Satoshi) holds over 250,000 BTC \u2014 worth over $16 billion.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"volume\">Volumen<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"liquidity\">Likviditet<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"market-capitalization\">Market Capitalization<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"diamond-hands\"\n             data-cat=\"culture\" \n             data-diff=\"1\" \n             data-letter=\"D\"\n             data-term=\"diamond hands\"\n             data-def=\"slang for holding through extreme volatility without selling.\"\n             id=\"term-diamond-hands\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Diamond Hands<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Culture<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Slang for holding through extreme volatility without selling.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>The opposite is &quot;paper hands&quot; (selling at first drop). While conviction can be profitable, it can also mean holding a losing position too long.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The diamond hands emoji (\ud83d\udc8e\ud83d\ude4c) became the most-used emoji on Crypto Twitter during the 2021 bull market.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"hodl\">HODL<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"paper-hands\">Paper Hands<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"bear-market\">Bj\u00f8rnemarked<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"paper-hands\"\n             data-cat=\"culture\" \n             data-diff=\"1\" \n             data-letter=\"P\"\n             data-term=\"paper hands\"\n             data-def=\"slang for selling quickly when the price drops, typically out of fear.\"\n             id=\"term-paper-hands\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Paper Hands<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Culture<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Slang for selling quickly when the price drops, typically out of fear.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Viewed negatively in crypto culture, but there are legitimate reasons to sell \u2014 cutting losses, rebalancing, or following a plan.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Research shows that &quot;paper hands&quot; actually outperform &quot;diamond hands&quot; in most altcoins \u2014 holding everything forever only works for BTC and ETH.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"diamond-hands\">Diamond Hands<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"hodl\">HODL<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"fud\">FUD<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"rekt\"\n             data-cat=\"culture\" \n             data-diff=\"1\" \n             data-letter=\"R\"\n             data-term=\"rekt\"\n             data-def=\"crypto slang for &quot;wrecked&quot; \u2014 losing a significant amount of money through bad trades, hacks, or scams.\"\n             id=\"term-rekt\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Rekt<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Culture<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Crypto slang for &quot;wrecked&quot; \u2014 losing a significant amount of money through bad trades, hacks, or scams.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Can happen through leverage, rug pulls, wrong addresses, or buying tops. Used both sympathetically and mockingly.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The website rekt.news tracks DeFi exploits \u2014 over $7 billion has been &quot;rekt&quot; from DeFi protocols since 2020.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"rug-pull\">Rug Pull<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"liquidation\">Liquidation<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"volatility\">Volatilitet<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"aping-in\"\n             data-cat=\"culture\" \n             data-diff=\"1\" \n             data-letter=\"A\"\n             data-term=\"aping in\"\n             data-def=\"investing heavily in a token impulsively, without proper research \u2014 driven by hype or fomo.\"\n             id=\"term-aping-in\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Aping In<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Culture<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Investing heavily in a token impulsively, without proper research \u2014 driven by hype or FOMO.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Occasionally works spectacularly (early DOGE buyers) but far more often results in losses. The community simultaneously celebrates and warns against it.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The term gained mainstream usage after the Bored Ape Yacht Club NFT collection \u2014 where &quot;aping in&quot; became a badge of honor.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"fomo\">FOMO<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dyor\">DYOR (Do Your Own Research)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"meme-coin\">Meme Coin<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"degen\">Degen<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"gm\"\n             data-cat=\"culture\" \n             data-diff=\"1\" \n             data-letter=\"G\"\n             data-term=\"gm (good morning)\"\n             data-def=\"a daily greeting used across crypto communities. more than a greeting \u2014 it signals active community participation.\"\n             id=\"term-gm\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">GM (Good Morning)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Culture<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A daily greeting used across crypto communities. More than a greeting \u2014 it signals active community participation.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Emerged from NFT and DeFi communities in 2021. Some projects reward consistent engagement.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The GM NFT collection \u2014 literally just images of &quot;GM&quot; \u2014 traded for over $100M in volume at its peak.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"wagmi\">WAGMI<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"nft\">NFT (Non-Fungible Token)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"nfa\"\n             data-cat=\"culture\" \n             data-diff=\"1\" \n             data-letter=\"N\"\n             data-term=\"nfa (not financial advice)\"\n             data-def=\"a disclaimer added when sharing investment opinions, indicating it should not be treated as professional guidance.\"\n             id=\"term-nfa\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">NFA (Not Financial Advice)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Culture<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A disclaimer added when sharing investment opinions, indicating it should not be treated as professional guidance.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Used both sincerely and ironically. Does not actually provide legal protection in most jurisdictions.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Adding &quot;NFA&quot; has become so automatic that bots on Twitter now add it to every tweet containing a crypto ticker symbol.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dyor\">DYOR (Do Your Own Research)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"shill\">Shill<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"dyor\"\n             data-cat=\"culture\" \n             data-diff=\"1\" \n             data-letter=\"D\"\n             data-term=\"dyor (do your own research)\"\n             data-def=\"a reminder to investigate any crypto project yourself rather than relying on others&#039; opinions.\"\n             id=\"term-dyor\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">DYOR (Do Your Own Research)<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Culture<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">A reminder to investigate any crypto project yourself rather than relying on others&#039; opinions.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Research should include: whitepaper, team, tokenomics, audits, community, and competitive landscape. Effort in research correlates directly with investment quality.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Studies show the average crypto investor spends less than 30 minutes researching before buying \u2014 DYOR is advice most people don&#039;t actually follow.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"nfa\">NFA (Not Financial Advice)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"whitepaper\">Hvidbog<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"shill\">Shill<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"degen\"\n             data-cat=\"culture\" \n             data-diff=\"1\" \n             data-letter=\"D\"\n             data-term=\"degen\"\n             data-def=\"short for &quot;degenerate&quot; \u2014 high-risk, speculative behavior in crypto, used with self-aware humor.\"\n             id=\"term-degen\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Degen<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Culture<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Short for &quot;degenerate&quot; \u2014 high-risk, speculative behavior in crypto, used with self-aware humor.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Chasing high-APY farms, aping into meme coins, trading with excessive leverage. Used with pride in some circles and as a warning in others.<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>The DeFi protocol &quot;Degen&quot; on Base chain launched as a tipping token and reached $1 billion market cap in 48 hours.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"aping-in\">Aping In<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"yield-farming\">Udbytteopdr\u00e6t<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"meme-coin\">Meme Coin<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n                <div class=\"scg-gl-card\" \n             data-slug=\"shill\"\n             data-cat=\"culture\" \n             data-diff=\"1\" \n             data-letter=\"S\"\n             data-term=\"shill\"\n             data-def=\"aggressively promoting a cryptocurrency, often for personal gain. a &quot;shill&quot; promotes tokens they hold.\"\n             id=\"term-shill\">\n            <div class=\"scg-gl-card-header\" role=\"button\" tabindex=\"0\" aria-expanded=\"false\">\n                <div class=\"scg-gl-card-left\">\n                    <span class=\"scg-gl-diff-dot beginner\" title=\"Begynder\"><\/span>\n                    <span class=\"scg-gl-card-term\">Shill<\/span>\n                                    <\/div>\n                <div class=\"scg-gl-card-right\">\n                    <span class=\"scg-gl-card-cat\">Culture<\/span>\n                    <span class=\"scg-gl-card-chevron\">\u25be<\/span>\n                <\/div>\n            <\/div>\n            <div class=\"scg-gl-card-body\">\n                <p class=\"scg-gl-def\">Aggressively promoting a cryptocurrency, often for personal gain. A &quot;shill&quot; promotes tokens they hold.<\/p>\n                \n                                \n                <div class=\"scg-gl-explain\">\n                    <div class=\"scg-gl-explain-label\">Explained<\/div>\n                    <p>Pervasive in crypto social media. Always ask: does this person hold what they&#039;re recommending? Were they paid to promote it?<\/p>\n                <\/div>\n                \n                                <div class=\"scg-gl-fact\">\n                    <span class=\"scg-gl-fact-icon\">\ud83d\udca1<\/span>\n                    <div>\n                        <strong>Did you know?<\/strong>\n                        <span>Kim Kardashian was fined $1.26M by the SEC for promoting EthereumMax without disclosing she was paid $250,000 to do so.<\/span>\n                    <\/div>\n                <\/div>\n                                \n                                <div class=\"scg-gl-related\">\n                    <span class=\"scg-gl-related-label\">Related terms:<\/span>\n                                        <a class=\"scg-gl-related-link\" data-target=\"fomo\">FOMO<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"dyor\">DYOR (Do Your Own Research)<\/a>\n                                        <a class=\"scg-gl-related-link\" data-target=\"nfa\">NFA (Not Financial Advice)<\/a>\n                                    <\/div>\n                                \n                            <\/div>\n        <\/div>\n            <\/div>\n    \n    <!-- No results -->\n    <div class=\"scg-gl-no-results\" id=\"scg-gl-no-results\" style=\"display:none\">\n        <div class=\"scg-gl-no-results-icon\">\ud83d\udd0d<\/div>\n        <p>No terms match your search.<\/p>\n        <button class=\"scg-gl-reset-btn\" id=\"scg-gl-reset\">Show all terms<\/button>\n    <\/div>\n    \n    <\/div>","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-151","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/simplecryptoguide.com\/da\/wp-json\/wp\/v2\/pages\/151","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/simplecryptoguide.com\/da\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/simplecryptoguide.com\/da\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/simplecryptoguide.com\/da\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/simplecryptoguide.com\/da\/wp-json\/wp\/v2\/comments?post=151"}],"version-history":[{"count":1,"href":"https:\/\/simplecryptoguide.com\/da\/wp-json\/wp\/v2\/pages\/151\/revisions"}],"predecessor-version":[{"id":16292,"href":"https:\/\/simplecryptoguide.com\/da\/wp-json\/wp\/v2\/pages\/151\/revisions\/16292"}],"wp:attachment":[{"href":"https:\/\/simplecryptoguide.com\/da\/wp-json\/wp\/v2\/media?parent=151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}