Degen
What is a degen? Originating as a derogatory term (of sorts), a degen in crypto (derived from the word ‘degenerate’) is someone who is always… Read More »Degen
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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
Gwei
Gwei was first used as a denomination of the cryptocurrency Ether (ETH), the digital coin of the famous blockchain Ethereum.
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.
Layer 1
Layer 1, also known as the ‘implementation layer’, refers to the core architecture of a blockchain network. Its first iteration was created by Satoshi Nakamoto in 2008 and named Bitcoin.
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.
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
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.
Mainnet
A mainnet is a blockchain infrastructure that has been fully constructed and allows users to send and receive bitcoin transactions or any other kind of digital data that is recorded on a distributed ledger.
BUIDL
BUIDL is an intentional disarrangement of letters in the term “build”, which is a word commonly used in developer spheres
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