Glossary

Stablecoins

A stablecoin is a type of cryptocurrency designed to keep its value steady.

The word “altcoin” stands for alternative coin. It refers to any cryptocurrency that is not Bitcoin.

A DAO is an organization governed by code and community members rather than a central authority.

Liquidity mining is the process of providing tokens to a DeFi platform’s liquidity pool in exchange for rewards.

Yield farming is a DeFi strategy where users move crypto assets across protocols to maximize returns from interest, rewards, and incentives.

A consensus mechanism is a method for validating transactions and securing a blockchain without relying on a central authority.

A blockchain network is a system of computers connected to each other that follow the same set of rules to record, share, and validate transactions.

Crypto mining is the process of using computing power to validate blockchain transactions and earn cryptocurrency rewards.

Crypto staking is the process of locking up cryptocurrency to support a blockchain network and earn rewards in return.