APR and APY are key terms in the industry. Respectively APR stands for Annual Percentage Rate and APY identifies the Annual Percentage Yield. They are used to calculate the interest from crypto investments.
A crypto aggregator is a platform that allows users to view, compare, and trade a wide range of cryptocurrencies from a single interface, making it easier to manage digital assets in the DeFi industry.
The term bear market refers to a period in which the prices of crypto are falling, and investors are very pessimistic about future returns. They tend to sell their assets, causing the prices to decrease even more.
A block header in a blockchain is a part of a block that contains metadata, including information such as a timestamp, the hash of the previous block, and the proof of work that was used to create the block.
A bull market occurs when the prices of cryptocurrencies go up over a period of time. Investors feel optimistic about future returns and believe prices will continue to rise, creating a positive feedback loop.
FOMO is an acronym that means Fear Of Missing Out,” which is a sentiment of anxiety that traders feel when they think they are missing out on a good trading opportunity or a profitable crypto investment.
FUD is a common term in the crypto jargon that indicates an anxious feeling created in the market following fake crypto news posted on social media or sites. It is a manipulation through disinformation.
GitHub is a platform for developers built on the Git version control system. It provides tools and features to work on projects together. It is widely used and has become an essential tool in the industry.
The halving is the most important event of Bitcoin’s blockchain and occurs around every four years (more precisely after every 210,000 blocks mined) when the supply of new bitcoins and the reward for mining them is cut in half.
KYC is a common term in the blockchain industry and stands for Know Your Customer. It is a procedure used by businesses to verify the identity of their users to prevent money laundering and financial terrorism.
PoS is an alternative to PoW for processing transactions and creating new blocks. While PoW requires miners to solve cryptographic puzzles, PoS requires validators that lock their cryptocurrencies as collateral.
PoW is a consensus algorithm used to verify transactions and create new blocks. Its goal is to make it difficult and computationally expensive for malicious actors to modify transactions or add fraudulent blocks to the chain.
A crypto token is a digital asset that blockchain developers build on top of an existing blockchain network. It’s a unit of value that can be used for investment purposes, to store value, and make purchases.
A whitepaper is a fundamental document for each blockchain project. It should provide relevant information about the project's concept, goals, and technical details that are useful for investors and users.