Cryptocurrency and Blockchain Dictionary
A complete list of crypto definitions
Cryptocurrency and blockchain glossary
Commonly used terms in the world of blockchain and cryptocurrency
Terms commonly used in the world of blockchain and cryptocurrency
This is a special application or site that allow you to get a certain number of so -called test tokens on your wallet and use them in the future to perform various tasks, for example, twisters.
Good morning / Good evening -
Blockchain is most simply defined as a decentralized, distributed ledger technology that records the provenance of a digital asset.
This is a standard for non -replaceable tokens (NFT) in the Ethereum network. Each separate token ERC-721 is unique in its own way and cannot be replaced by another token. This type of tokens is used for collecting, real estate, paintings and art as a whole.
This is a transaction that is carried out in order to earn money to increase the cost of a cryptocurrency asset. The algorithm of actions is as follows:
1) The trader believes that the price for token x will begin to grow in the near future, so he buys a certain number of these tokens on the exchange
2) then patiently waits until the price for token x grows to a certain mark
3) As soon as this happens, the trader sells tokens x at a higher price
Profit: The difference between the price of the sale and the purchase price.
These are commission fees that the user pays to miners or validators of the network for various transactions and transactions. The commission is paid using the native tokens of a particular network, for example, on the BSC network for transactions, you need to pay in BNB.
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