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layer2 meaning crypto glossary article cover

What is Layer 2?

Layer 2 refers to a secondary framework or protocol that is built on top of an existing blockchain system like Layer 1, providing solutions to improve its performance.

gamefi meaning article metaschool web3 glossary

GameFi

GameFi is a meshing together of GAMING and blockchain-powered FINANCIALIZATION. Blockchain-based games that allow their players to receive real-world, tradable financial benefits come under the banner of GameFi. Learn more here.

rug pull meaning crypto glossary article cover

Rug pull

In the cryptocurrency business, a rug pull occurs when a development team abruptly drops a project and sells or eliminates all of its liquidity.

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Tokenomics

Tokenomics is a general term for the characteristics that make a certain cryptocurrency valuable and fascinating to investors. This covers everything from a token’s quantity and issuance method to factors like its usefulness.

yield farming meaning crypto glossary article cover

Yield Farming

Yield farming is the process of using DeFi to maximize returns on crypto. On a DeFi platform, users may lend or borrow cryptocurrency and also get cryptocurrency in return for the services offered.