Whitelist
Main function of a whitelist in crypto A whitelist, also known as an allowlist, is a mechanism that allows entities with permissions to access a… Read More »Whitelist
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web3 glossary
DYOR
DYOR is an acronym for ‘Do Your Own Research’. It’s a word of caution especially if you’re thinking of investing in a certain coin or project. This is simply said because not being informed enough can potentially lead to a great loss.
Testnet
In blockchain technology, a testnet is an instance of a blockchain powered by the same or a newer version of the underlying software. It is used to run, test and experiment blockchain projects without risk to real funds or the main chain.
ERC-20
The ERC-20 is technical standard for every fungible token used to issue and implement tokens on the Ethereum Blockchain. Being a fungible token means that it has a property that makes each token’s value and type exactly the same as another token.
Flippening
Flippening means that an underdog overtakes the favorite. It refers to the potential overtake of the Ethereum Blockchain to become the world’s biggest cryptocurrency by market capitalization over the previously favored Bitcoin Blockchain.
DAO
A DAO stands for Decentralized Autonomous Organization. It is a community-led entity that has no central governing body. It is an emerging form of the legal structure whose members share a common goal to act in the entity’s best interest.
Bear Market
A bear market is a market condition or state in which there are liabilities and loans, there aren’t enough resources to pay them back, different companies’ stocks are declining in value, and investors lose their money.
DeFi
DeFi stands for Decentralized Finance. It is a peer-to-peer emerging financial technology on secure distributed ledgers similar to those used by cryptocurrencies.
Mempool
Mempool is combined term derived out of the words memory and pool. It is sort of a waiting room to confirm pending transactions. It can also be defined as the mechanism of cryptocurrency nodes for storing information on unconfirmed or pending transactions.
Gwei
Gwei was first used as a denomination of the cryptocurrency Ether (ETH), the digital coin of the famous blockchain Ethereum.