Crypto_GR
--
📒 Crypto Dictionary for Beginners | Part 2
• DeFi (Decentralized Finance): Financial system that operates without intermediaries, such as banks, using smart contracts on blockchain.
• Rug Pull: Type of scam where the developers of a crypto project abandon the project and take the investors' funds.
• Gas Fees: Fees paid to miners or validators for processing transactions on a blockchain network.
• DAO (Decentralized Autonomous Organization): Organizational structure governed by the community of users and based on smart contracts.
• Rug Pull: Type of scam where the developers of a crypto project abandon the project and take the investors' funds.
• Gas Fees: Fees paid to miners or validators for processing transactions on a blockchain network.
• DAO (Decentralized Autonomous Organization): Organizational structure governed by the community of users and based on smart contracts.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.