Glossary
Here we are building a glossary to help you navigate and understand the world of crypto.
Cold Storage
Cold storage securely stores digital assets, such as cryptocurrencies, offline to protect them from online vulnerabilities and unauthorized access.
Cosmos (ATOM)
Cosmos is a decentralized network of interoperable blockchains, with ATOM as its native coin, aiming to improve decentralized applications' functionality and interoperability.
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.
Crypto Exchanges
Crypto exchanges are platforms that allow users to buy, sell, and trade cryptocurrencies.
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.
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.
Binance
Binance is a cryptocurrency exchange and blockchain platform offering various products, including futures trading, margin trading, and lending.
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.
Blockchain Bridges
A blockchain bridge provides a connection that allows for transferring tokens or data between two different blockchain ecosystems.
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.
Bitcoin Futures
Futures trading for Bitcoin (BTC) involves making predictions about the asset's future value.
BNB
BNB is the native cryptocurrency of the Binance ecosystem, which includes the Binance exchange, Binance Chain, and Binance Smart Chain.
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.
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.
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?
Decentralized finance (DeFi) refers to the use of blockchain technology to create open, transparent, and decentralized financial systems and services.
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.
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.
ASIC
An application-specific integrated circuit (ASIC) is a specialized chip for efficient cryptocurrency mining.
Aave (AAVE)
Aave is a decentralized finance platform that enables users to lend and borrow cryptocurrency assets using liquidity pools.
Ethereum
Ethereum is a decentralized, open-source blockchain platform that is used to build and deploy decentralized applications (dApps).
Cryptocurrency
Cryptocurrency is a digital or virtual currency that uses cryptography for security and is decentralized.
Blockchain
The blockchain is a decentralized, distributed ledger that is used to record transactions across many computers.
Decentralization
Decentralization is a key feature of cryptocurrencies like bitcoin, and it offers a number of benefits over traditional financial systems.
