As you continue your crypto currency journey,it's important for you to get familiar with some of the crypto terms.
(1)Fiat: Government issued currencies i.e Naira,dollar
(2) Block chain: the technology of crypto currency that keeps the system secure and decentralized.
(3) DEFI: Decentralized Finance is an ecosystem that operates independently, free of third parties or exchanges, DEFI involves the use of decentralized exchanges and wallet to trade tokens.
(4)CEFi: centralized finance had always been the standard for trading crypto before DEFI, CEFI involves the use of companies operating exchange platforms like Binance,FTX etc..
6) Tokenomics: This is a combination of token & Economics.it helps understand the supply and demand characteristics of a crypto currency.
7) GAS: A fee for validating a transaction.
(8)NFT: Non fungible Tokens, it enable people to buy and sell collectibles like art, music and trading cards using smart contract. NFTs can work like any other speculative assets where you buy it and hope that the value of it goes up one day, so you can sell it for a profit.
Eight terms you published here is not enough for successful traveling over uncharted territory of crypto. A few months ago I have created
Bitcoin&Crypto vocabulary thread that contains a list with references to sites where one can find out plenty of helpful terms. In addition everyone can check his knowledge by solving
soliton's Bitcoin Crosswords.