Some terminology from the world of crypto✨ 1. Stablecoin A cryptocurrency designed to have its value pegged (usually 1:1) to a stable asset, such as the US Dollar (e.g., USDT, USDC). 2. Gas Fee The transaction fee paid to network validators to execute an operation or smart contract on a blockchain (especially Ethereum). 3. Whale An individual or entity that holds a very large amount of a specific cryptocurrency, often enough to influence its market price. 4. TPS (Transactions Per Second) A metric used to measure the throughput of a blockchain network—how many transactions it can process every second. 5. Mainnet The final, fully developed, and public blockchain protocol where actual, verified transactions take place (as opposed to a test network).
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Some terminology from the world of crypto ✨ 1. BTC (Bitcoin) The world's first and largest decentralized digital currency. 2. ETH (Ethereum) The second-largest crypto, famous for its smart contract platform. NFT (Non-Fungible Token) A unique digital certificate of ownership for a specific item, like art or a collectible. 3. DeFi (Decentralized Finance) Financial services (lending, trading) built on blockchain technology without traditional banks. 4. DAO (Decentralized Autonomous Organization) An organization governed by code and smart contracts, not a central authority. 5. DEX (Decentralized Exchange) A platform allowing direct crypto trading between users (peer-to-peer). 6. PoW (Proof of Work) The consensus mechanism where miners solve complex problems to validate transactions (like Bitcoin's). 7. PoS (Proof of Stake) The consensus mechanism where validators are chosen based on the amount of crypto they have "staked
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Just unboxed my Warplet! 🎁 Discover your favorite Farcaster profiles as NFTs on Base Network at Warplet Blind Box ✨ Hey @finral @myatthu @warpedone @73rhtdfgp @tingjun, try opening a Warplet Blind Box too!
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