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Definition: crypto craze


The huge public interest in cryptocurrencies starting in the late 2010s. People hear about the fortunes being made in Bitcoin and other cryptos and jump on the bandwagon without any real knowledge of what this industry is all about. In fact, no matter how much information one has, it is safe to say that nobody knows what new variation is coming next.

Pundits claim one Bitcoin will be worth one million dollars some day while others claim it will crash and burn. The truth is likely somewhere in between.

More Than Bitcoin
The second most popular blockchain is Ethereum, which has spawned the concept of "decentralized finance" (DeFi). Although Ethereum has its own cryptocurrency, all the action is coming from new applications being developed every day that run on Ethereum, run side-by-side Ethereum or are based on Ethereum concepts. Ethereum is also a major cause for the crypto mania in the 2020s. See cryptocurrency, DeFi, Bitcoin vs. Ethereum and Bitcoin pizza.