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