Archives: glossary

What is a blockchain?

A blockchain is a distributed ledger system that is shared amongst a computer network’s nodes. It is a system of storing digital information using a sequence of ‘blocks’ in a ...

What is burn?

Cryptocurrency burning refers to a process of purposely and permanently removing a number of the cryptocurrency’s tokens from circulation. The Long Explanation A crypto burn is a deliberate action often ...

What is “Buy the Dip”?

‘Buy the dips’ in the crypto world simply means the purchase of a crypto asset after its price has dropped.  The Long Explanation In the cryptocurrency world, a dip refers ...

What is a Centralized Exchange?

Centralized cryptocurrency exchanges (CEX) are exchanges owned and controlled by a principal party. The third party in control of such an exchange facilitates transactions on the platform and secures the ...

What is a cold wallet?

Cold wallets are offline wallets used to store cryptocurrencies like bitcoins, Ethereum, etc. These are hardware wallets that store the user’s private keys and address on hardware like a USB ...

What is Cross-chain?

Cross-Chain refers to a technology that enhances the interconnectivity between relatively independent blockchain networks. This technology enables different blockchains to communicate with one another in order to exchange data and ...

What is an Airdrop?

An airdrop is when a company gives out free cryptocurrency or NFT to people who already own some of their tokens. The Long Explanation Usually, this is done for promotional ...

What are gas fees?

The cost of the computational effort behind every transaction on the Ethereum blockchain. You can think of it as a transaction fee. The Long Explanation The term ‘gas fee’ or ...

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