CryptoLexique
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đ Words of the Day - Crypto Glossary #3
- DeFi (Decentralized Finance): A set of financial services (loans, savings, tradingâŚ) accessible without intermediaries, via blockchain.
- Smart Contract: An autonomous program that automatically executes pre-set conditions on a blockchain (e.g., Ethereum).
- DEX (Decentralized Exchange): A crypto exchange platform without a centralized intermediary. Example: Uniswap, PancakeSwap.
- TVL (Total Value Locked): The total value in cryptocurrencies deposited in a DeFi protocol. It is an indicator of trust and adoption.
- Rug Pull: A scam where the developers of a project disappear with the investors' funds.
- Burn: Intentional destruction of tokens to reduce supply and potentially increase the value of the remaining tokens.
- DAO (Decentralized Autonomous Organization): An organization collectively managed by its members through rules coded on a blockchain. No central management.
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- DeFi (Decentralized Finance): A set of financial services (loans, savings, tradingâŚ) accessible without intermediaries, via blockchain.
- Smart Contract: An autonomous program that automatically executes pre-set conditions on a blockchain (e.g., Ethereum).
- DEX (Decentralized Exchange): A crypto exchange platform without a centralized intermediary. Example: Uniswap, PancakeSwap.
- TVL (Total Value Locked): The total value in cryptocurrencies deposited in a DeFi protocol. It is an indicator of trust and adoption.
- Rug Pull: A scam where the developers of a project disappear with the investors' funds.
- Burn: Intentional destruction of tokens to reduce supply and potentially increase the value of the remaining tokens.
- DAO (Decentralized Autonomous Organization): An organization collectively managed by its members through rules coded on a blockchain. No central management.
Want to learn more? Subscribe to discover new words every week and progress in the Web3 universe.
#CryptoLexique #defi #BinanceAcademy
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đ The words of the day - Crypto glossary #2
Understanding crypto is also about speaking the right language. Here are 7 new essential words to better navigate the crypto ecosystem:
- Token: A digital token issued on a blockchain, often used in specific projects or platforms. Ex: UNI, LINK, MATIC.
- DApp (Decentralized Application): Decentralized application running on a blockchain, without a central authority. Example: Uniswap or Aave.
- Gas Fees: Transaction fees paid to execute an operation on blockchains like Ethereum.
- Halving: A regular event on Bitcoin that halves mining rewards. This often impacts the price of BTC.
- Staking: Locking up your crypto to secure a network (Proof of Stake) and earn passive rewards.
- Liquidity Pool: Reserve of tokens locked in a smart contract to facilitate the exchange of crypto in DeFi.
- Bear Market: Prolonged bearish market where prices decline sustainably. The opposite of a bull market.
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#CryptoLexique #defi #BinanceAcademy #BlockchainĂducation
Understanding crypto is also about speaking the right language. Here are 7 new essential words to better navigate the crypto ecosystem:
- Token: A digital token issued on a blockchain, often used in specific projects or platforms. Ex: UNI, LINK, MATIC.
- DApp (Decentralized Application): Decentralized application running on a blockchain, without a central authority. Example: Uniswap or Aave.
- Gas Fees: Transaction fees paid to execute an operation on blockchains like Ethereum.
- Halving: A regular event on Bitcoin that halves mining rewards. This often impacts the price of BTC.
- Staking: Locking up your crypto to secure a network (Proof of Stake) and earn passive rewards.
- Liquidity Pool: Reserve of tokens locked in a smart contract to facilitate the exchange of crypto in DeFi.
- Bear Market: Prolonged bearish market where prices decline sustainably. The opposite of a bull market.
Want to learn more? Subscribe to discover new words every week and progress in the Web3 universe.
#CryptoLexique #defi #BinanceAcademy #BlockchainĂducation
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