Unit 4 · Level 1 · The crypto map

Boss: Map of the territory

BTC, ETH, alts, stablecoins, CEX vs DEX: the whole territory.

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What you get asked

Map check: what role do the two giants actually play? Pick the TRUE statement.
Digital gold versus programmable settlement layer. Judging either one by the other's job is the classic beginner category error.
A token has 5 billion coins in circulation, trading at €0.40 each. What is its market cap, in billions of euros?
Price × circulating supply: €0.40 × 5,000,000,000 = €2 billion. Market cap, never price per coin, tells you how big a project really is.
Which stablecoin design has already produced a roughly $40 billion collapse?
Terra/UST, May 2022: confidence-backed 'stability' unwound in about a week. Fiat-backed and overcollateralized designs have wobbled, but the algorithmic graveyard is in a league of its own.
Final sweep: match each concept from the unit
Five landmarks that anchor the whole crypto map. If a pitch confuses any of these, the pitch is the problem.
On a CEX the company holds your keys; on a DEX you trade straight from your own ___.
That's the custody trade-off in one sentence: a CEX gives convenience and a help desk, a DEX gives control and full responsibility.
After the 2021–22 cycle, what happened to the vast majority of altcoins?
Each cycle crowns new favourites and abandons the old ones. You've now mapped the territory: majors, alts, stables, and the venues they trade on. That map is your best scam repellent. 🐜

BTC, ETH, alts, stablecoins, CEX vs DEX: the whole territory.