Ethereum - a smart contract platform run by a globally-distributed network of computers forming a blockchain. Powered by the cryptocurrency, Ether (ETH)
Blockchain - a digital ledger in which transactions made in cryptocurrency are recorded chronologically, publicly, and secured by cryptography
Smart Contracts - financial applications (programs) encoded on a blockchain
Crypto - short for cryptography, but co-opted by cryptocurrency
ETH - Ether, the cryptocurrency powering the Ethereum blockchain
SPANK - an ERC20 token created and managed atop the Ethereum blockchain. SPANK is a staking token that will be able to be sent to the SpankBank smart contract where it will be staked for a designated amount of time in order to generate a proportional amount of BOOTY
BOOTY - An ERC20 token used as a fee credit for the SpankChain network. 1 BOOTY = $1 on the SpankChain platform
ERC20 - ERC stands for “Ethereum Request for Comment.” ERC20 defines a set of rules which need to be met in order for a token to be accepted and called an 'ERC20 Token'. The standard rules apply to all ERC20 Tokens since these rules are required to interact with each other on the Ethereum network.
Gas - When you send tokens, interact with a contract, send ETH, or do anything else on the Ethereum blockchain, you must pay for that computation. That payment is calculated in Gas and gas is paid in ETH.
Wallet - a cryptocurrency account made up of a public key and a private key that enables users to send and receive cryptocurrencies
Public Key - the public address associated with an Ethereum wallet. Similar to an email address
Private Key - the key that unlocks and provides access to the funds contained in a public key
MetaMask - a browser extension that provides access web3 applications in different websites, and enables one to send and receive Ethereum transactions with their own Ethereum wallet. Also, a useful anti-phishing tool.
Exchange - third-party site that enables the exchange of cryptocurrencies between each other and/or fiat currencies (USD)
CryptoTitties - initially created as a play on the CryptoKitties sensation, and provided as a way to demonstrate how easy it can be to use Ethereum, and to get models their first bit of crypto