Glossary
Here we are building a glossary to help you navigate and understand the world of crypto.
AI assisted content
AI assisted content is transforming the digital landscape by enhancing creativity, streamlining workflows, and enabling the production of higher-quality content.
NGMI and WAGMI
NGMI stands for “Not Going to Make It.” On the other hand, WAGMI stands for “We’re All Going to Make It.”
GameFi
GameFi is a term that combines the worlds of gaming and decentralized finance (DeFi).
Maximal Extractable Value (MEV)
MEV refers to the maximum value a miner or validator can extract from manipulating transactions when producing a block on a blockchain network.
The Metaverse
The Metaverse is a universe of interconnected virtual communities where people can engage in real-time interactions and experiences.
Decentralized Autonomous Organizations (DAOs)
A DAO is an organization, but unlike traditional organizations, it operates in a decentralized manner, meaning that it is not limited by geography and operates beyond the control of any government.
Peer-to-Peer (P2P)
A peer-to-peer (P2P) service is a decentralized platform connecting buyers and sellers directly, allowing them to transact without intermediation from a third party.
Yield Farming
Yield farming is a decentralized process of putting digital assets to work at optimized platforms, often to earn passive income in free digital assets.
Money Market
The money market is a vital part of the financial world, serving several functions, including maintaining balance in the supply and demand of money and stimulating economic growth.
Decentralized Applications (DApps)
They are distributed, open-source applications that run on a blockchain network with smart contracting capabilities.
Centralized Exchange (CEX)
A CEX is a crypto trading platform owned and operated by a third party.
Candlestick Charts
Candlestick charts are a graphical representation of financial data, typically used to display the movement of prices over time.
Web 3.0
Web 3.0, the latest internet iteration, promises to revolutionize how we interact with and consume online content.
Byzantine Fault Tolerance (BFT)
Blockchain technology has revolutionized the way we think about digital transactions and data storage, but its creation was not without challenges
Blockchain Transmission Protocol (BTP)
A solution that allows for various blockchains with different algorithms and consensus mechanisms to become compatible
Blockchain 3.0
Blockchain technology has come a long way since its inception, and Blockchain 3.0 is the next phase of blockchain technology
Bitcoin BTC Dominance
Bitcoin, the original cryptocurrency, has been making waves in the global market for more than a decade
Bitcoin ATM
Bitcoin ATMs, also known as BTMs, are rapidly gaining popularity as a convenient and secure way to buy, sell, and transfer bitcoin
Bid Price
A bid price is the value buyers are willing to offer for an asset, such as a commodity, security, or cryptocurrency.
Bear Traps
Bear traps are a form of market manipulation traders use to create a false upward trend in a downward market.
Bear Market
A bear market is a state in which prices are falling, and investors are selling their assets.
Bag Holder
A bag holder in the world of crypto is an investor who holds on to their assets, regardless of market conditions or asset value.
Crypto Address
A crypto address is a unique virtual address assigned to a wallet to receive and send digital assets.
Crypto Account
A cryptocurrency account, also known as a crypto account, is a digital record that tracks financial transactions involving digital assets.