Here we are building a glossary to help you navigate and understand the world of crypto.
Chainlink is a decentralized ecosystem that provides real-world data to blockchains through a network of oracles and smart contracts. It uses its cryptocurrency, LINK, as a reward for accurate data and a requirement for some smart contracts.
Binance is a cryptocurrency exchange and blockchain platform offering various products, including futures trading, margin trading, and lending.
A block reward is a number of coins given to a miner in return for their work on the mining process, which helps to maintain and grow the network while also controlling currency emissions.
A blockchain bridge provides a connection that allows for transferring tokens or data between two different blockchain ecosystems.
Bitcoin mining is the process of using specialized computer hardware to verify and add transactions to the public ledger of the Bitcoin network.
Futures trading for Bitcoin (BTC) involves making predictions about the asset's future value.
BNB is the native cryptocurrency of the Binance ecosystem, which includes the Binance exchange, Binance Chain, and Binance Smart Chain.
Band Protocol is a decentralized oracle platform that feeds external data into various blockchains using its native token, BAND, which can be staked and utilized for governance and transactions on the BandChain blockchain.
Axie Infinity is a blockchain-based game featuring creatures called Axies that can breed and battle, using NFTs and a governance token called AXS to facilitate trade and transactions within the game world.
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.
Decentralized finance (DeFi) refers to the use of blockchain technology to create open, transparent, and decentralized financial systems and services.
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.
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.
An application-specific integrated circuit (ASIC) is a specialized chip for efficient cryptocurrency mining.
Aave is a decentralized finance platform that enables users to lend and borrow cryptocurrency assets using liquidity pools.
Ethereum is a decentralized, open-source blockchain platform that is used to build and deploy decentralized applications (dApps).
Cryptocurrency is a digital or virtual currency that uses cryptography for security and is decentralized.
The blockchain is a decentralized, distributed ledger that is used to record transactions across many computers.
Decentralization is a key feature of cryptocurrencies like bitcoin, and it offers a number of benefits over traditional financial systems.
Bitcoin is a decentralized digital currency that uses cryptography for security and is built on a proof-of-work consensus model.