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Glossary

Here we are building a glossary to help you navigate and understand the world of crypto.

What are smart contracts?

Smart Contracts

Smart contracts are self-executing agreements stored on a decentralized blockchain network that automate the execution and enforcement of transactions, improving efficiency and reducing the risk of disputes.

What is DeFi?

What is DeFi?

Decentralized finance (DeFi) refers to the use of blockchain technology to create open, transparent, and decentralized financial systems and services.

What is Apecoin? APE

ApeCoin (APE)

ApeCoin (APE) is a crypto asset representing a project and community focused on using blockchain technology for cultural advancement, distributed to certain nonfungible token (NFT) holders.

What is Avalanche? AVAX

Avalanche (AVAX)

Avalanche is a blockchain ecosystem that enables the creation of decentralized applications, assets, and interoperable blockchains, utilizing a proof-of-stake consensus mechanism and the AVAX coin.

What is ASIC?

ASIC

An application-specific integrated circuit (ASIC) is a specialized chip for efficient cryptocurrency mining.

What is Aave?

Aave (AAVE)

Aave is a decentralized finance platform that enables users to lend and borrow cryptocurrency assets using liquidity pools.

What is Ethereum?

Ethereum

Ethereum is a decentralized, open-source blockchain platform that is used to build and deploy decentralized applications (dApps).

What is cryptocurrency

Cryptocurrency

Cryptocurrency is a digital or virtual currency that uses cryptography for security and is decentralized.

What is blockchain

Blockchain

The blockchain is a decentralized, distributed ledger that is used to record transactions across many computers.

What is decentralization?

Decentralization

Decentralization is a key feature of cryptocurrencies like bitcoin, and it offers a number of benefits over traditional financial systems.

What is Bitcoin explained

Bitcoin

Bitcoin is a decentralized digital currency that uses cryptography for security and is built on a proof-of-work consensus model.