ALT Coin - is alternative coin everything that’s not bitcoin. e.g. Solana, mana, etc

How ALT coin builds - start looking at 2 types of altcoin (Layer 1 and layer 2)

Layer 1 Smart contract project: ETH, SOL, ADA, DOT - is a lot bigger than layer 2 project

Layer 2: is a project build by layer 1: Maker. AAVE, MANA, SAND called DAPP

Original Chain and Forked Chain

Bitcoin is the original chain 

Forked chain - e.g. bitcoin cash, litecoin, zcash - they are not on bitcoin - they copy the original chain to build their own chain

How do you recognize layer 1 layer 2 - in coingecko, you can look at the contract

Defi (decentralized finance) - is important because all the bit project will help the layer 1 to grow.

• I need defi so that money can go/move around the project

• E.g. SOLANA is a smart project like ETH it’s a layer 1 so the project can build in it.

• We need money to flow in SOLANA

• If you want to do money, you need to follow the money

• Money: swap, staking, and farming

SOLANA

Layer 2: DeFi project

When you build a portfolio you should always look at that, what’s layer 1 let says SOLANA, ETH, think now how money that gonna flow, now I am gonna find the money in DeFi.

E.g. Defi Llama (project) > RAYDIUM

Trend: Metaverse: ETH > DeFI project where the money go

Staking: most of the project we can stack, when you stack you basically you can do money on your money, it’s money on your investment. (passive income) DeFi

POS and POW

Proof of Staking (SOLANA) and Prof of work/mining (BITCOIN) -  this is how blockchain works

• First you need to look at a blockchain (which is like a server on the internet) - in the blockchain you can see everything

NODES: 

E.g. wallet A want to send to wallet B - 10bitcoin

NODES: is in the center like a policeman (validator)

You can do money while staking

TAKE ACTION! 

MINDSET IS KEY!