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Glossary

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

What is DAI?

Dai (DAI)

Dai is a stablecoin issued by the MakerDAO decentralized autonomous organization, built on the Ethereum blockchain. It aims to maintain a peg to the US dollar through collateral and other checks and balances.

What is Cryptography?

Cryptography

Cryptography is the study and practice of techniques for secure communication in the presence of third parties, using mathematical algorithms and protocols to secure data and protect against unauthorized access or tampering.

What is Cronos? CRO

Cronos (CRO)

Crypto.com is a comprehensive entity that offers a variety of solutions, including a crypto exchange, payment cards, and two blockchains, with the CRO asset playing multiple roles in its ecosystem.

What is cold storage?

Cold Storage

Cold storage securely stores digital assets, such as cryptocurrencies, offline to protect them from online vulnerabilities and unauthorized access.

cosmos (ATOM)

Cosmos (ATOM)

Cosmos is a decentralized network of interoperable blockchains, with ATOM as its native coin, aiming to improve decentralized applications' functionality and interoperability.

What is cloud mining?

Cloud Mining

Cloud mining is a process that allows individuals to use the computing power of data centers and specialized machinery to mine cryptocurrency without the need for personal equipment or high electricity costs.

What are crypto exchanges?

Crypto Exchanges

Crypto exchanges are platforms that allow users to buy, sell, and trade cryptocurrencies.

What is Compound COMP?

Compound (COMP)

Compound is a decentralized finance protocol that allows users to lend and borrow cryptocurrencies and earn or pay interest through liquidity pools on the Ethereum blockchain.

What is chainlink?

Chainlink (LINK)

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.

What is Binance?

Binance

Binance is a cryptocurrency exchange and blockchain platform offering various products, including futures trading, margin trading, and lending.

What is a block reward?

Block Reward

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.

What are blockchain bridges?

Blockchain Bridges

A blockchain bridge provides a connection that allows for transferring tokens or data between two different blockchain ecosystems.

What is bitcoin mining?

Bitcoin Mining

Bitcoin mining is the process of using specialized computer hardware to verify and add transactions to the public ledger of the Bitcoin network.

What are bitcoin futures?

Bitcoin Futures

Futures trading for Bitcoin (BTC) involves making predictions about the asset's future value.

What is BNB?

BNB

BNB is the native cryptocurrency of the Binance ecosystem, which includes the Binance exchange, Binance Chain, and Binance Smart Chain.

What is BAND protocol? BAND

Band Protocol (BAND)

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.

What is Axie Infinity? AXS

Axie Infinity (AXS)

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.

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).

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