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Here are some technical terms used in Binance:
BEP-20: A token standard for the Binance Smart Chain (BSC) that defines how tokens can be spent, who can spend them, and other rules
BEP-721: A technical standard that defines rules for issuing NFTs on the BNB Smart Chain
Beta: A tool for measuring the volatility of an asset compared to a market index or portfolio
Bid price: The price buyers are willing to pay for an asset
Bid-ask spread: The difference between the highest bid price and the lowest asking price for an asset
Moving averages (MA): A simple technical indicator used in Binance
Automated market maker (AMM): An autonomous protocol used by decentralized crypto exchanges (DEXs) to facilitate crypto trades on a blockchain
Decentralized application (dApp): A digital application or program that runs on a blockchain or P2P network of computers
The Bollinger Bands indicator is a technical analysis tool that shows the price volatility of a security. It's made up of a simple moving average (SMA) and two bands that represent standard deviations above and below the SMA.
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BEP-20: A token standard for the Binance Smart Chain (BSC) that defines how tokens can be spent, who can spend them, and other rules
BEP-721: A technical standard that defines rules for issuing NFTs on the BNB Smart Chain
Beta: A tool for measuring the volatility of an asset compared to a market index or portfolio
Bid price: The price buyers are willing to pay for an asset
Bid-ask spread: The difference between the highest bid price and the lowest asking price for an asset
Moving averages (MA): A simple technical indicator used in Binance
Automated market maker (AMM): An autonomous protocol used by decentralized crypto exchanges (DEXs) to facilitate crypto trades on a blockchain
Decentralized application (dApp): A digital application or program that runs on a blockchain or P2P network of computers
The Bollinger Bands indicator is a technical analysis tool that shows the price volatility of a security. It's made up of a simple moving average (SMA) and two bands that represent standard deviations above and below the SMA.
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