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Cryptocurrency Introduction (no price information)
Cryptocurrency is a type of digital currency based on encryption technology, using distributed ledger technology (such as blockchain) for transactions and records. Here are a few key concepts:
Blockchain: The fundamental technology of cryptocurrencies, recording transactions through a distributed network to ensure security and transparency.
Types of Cryptocurrencies:
Bitcoin: The first cryptocurrency, using blockchain technology.
Ethereum: Not only a cryptocurrency but also supports smart contracts and decentralized applications.
Other Cryptocurrencies (Altcoins): Such as Highstreet (HIGH), Litecoin, etc.
Cryptocurrency Terms:
HODL: Holding onto cryptocurrency and not selling.
Moon: Refers to a significant increase in cryptocurrency prices.
Airdrop: The act of project parties distributing tokens for free.
Stablecoin: Pegged to fiat currency, aimed at stability.
a16z: A venture capital firm that has invested in the cryptocurrency and blockchain space.
Tiger Global: Invested in at least 15 crypto projects such as TaxBit, Bitso, CertiK, MoonPay, TRM Labs, Livepeer, The Graph, Aleo, Serum, Unblocked, etc.
Lightspeed Venture Partners: Invested in at least 16 crypto projects including Zerion, Terraform Labs, Wintermute, Alchemy, FTX.US, Everyrealm, Mysten Labs, Arbitrum, etc.
Dragonfly Capital: Invested in nearly 80 companies, including ARCx, Gelato Network, Folius Ventures LLC, etc.
USV (Union Square Ventures): Invested in crypto projects like Coinbase.
Founders Fund: Invested in crypto projects like StarkWare, Parallel, Royal, Opensea, Paxos, etc.
Multicoin Capital: Invested in wallets, security solutions, D.eFi (MEV) and DAO solutions and other projects.
Haun Ventures: Raised $1.5 billion to support the development of Web3.
Infinity Ventures Crypto: Raised $70 million for its first fund, investing in Web3 startups in Asia and the Americas.
Hack VC: Launched a new $200 million fund, focusing on investing in early-stage crypto, Web3, and blockchain startups.