@nemr0
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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