There's no denying that Crypto has a steep learning curve.
I'm on a mission to make the world of crypto easy to understand through visual explainers.
Here's a learning journey of videos and threads to help you go from 0 → 100.
🎬 👇 🧵
For starters, you might find yourself confused by a lot of the terms and concepts in this space.
This terminology guide can serve as a good reference.
twitter.com/shivsakhuja/status/1512559915952324609
Your crypto journey begins with the OG - Bitcoin:
If you understand Bitcoin, you can read about the various narratives of Bitcoin and assess for yourself which ones you see playing out in the future.
twitter.com/shivsakhuja/status/1545193926847475712
Next up: learn about Ethereum.
@ethereum's official website has a page called "What is Ethereum", which is a pretty good starting point.
ethereum.org/en/what-is-ethereum/
If you prefer animated videos, this one explains the basics of Ethereum.
To understand this world better, you need to understand Smart Contracts.
This video thread by @0x_illuminati explains smart contracts in 2 mins.
twitter.com/0x_illuminati/status/1539903016580526083?s=20&t=8IH5qQKNrYH0bVKx1oRydQ
Ethereum is known as a Layer-1 blockchain (L1).
But the network is always congested because it can't support enough transactions to meet the demand.
This illustrated thread by @aaraalto explains Layer-1 vs Layer-2 blockchains
twitter.com/aaraalto/status/1489293659308654597
I've also explained Layer-2s before in more detail if you're looking to dive deeper.
twitter.com/shivsakhuja/status/1509329321936130056
Now, what can we actually do with these smart contracts and blockchains?
For starters, there's a whole alternative financial ecosystem called DeFi or Decentralized Finance.
youtu.be/s0Nky7ApaNw
Here's an illustrated introduction to the world of DeFi and all the various components of this financial ecosystem.
twitter.com/shivsakhuja/status/1539923684445388800
Stablecoins are quite possibly the most important (yet least exciting) part of the DeFi ecosystem today.
You may also have heard about NFTs or Non-Fungible Tokens.
This video is a basic primer on NFTs.
youtu.be/RAQx-2BrrAk
NFTs may not make a lot of sense to you currently.
That's probably because the only NFTs you've seen so far are overpriced JPEGs.
But the technology unlocks a lot of doors.
twitter.com/shivsakhuja/status/1551963510803877888
The same is true for the rest of the crypto space.
Most use cases right now aren't as valuable as the hype would suggest, but we're still very early.
There are a lot of practical applications of Crypto that I think we're likely to see in the future.
twitter.com/shivsakhuja/status/1531504470776983553
Web3 isn't a solution for everything but it has certain clear advantages over web2.
twitter.com/shivsakhuja/status/1537271343292354560
I'm on a mission to educate the world about Crypto through visual explainers - follow me @shivsakhuja for more curated learning journeys, deep dives, research threads and more ✌️