• Latest
  • Trending
Web3 Terms Guide: Crypto Slang Dictionary that Makes You Auto Understand for Beginners | by Kikip | The Capital | Oct, 2024

Web3 Terms Guide: Crypto Slang Dictionary that Makes You Auto Understand for Beginners | by Kikip | The Capital | Oct, 2024

November 14, 2024
Solana Co-Founder Reacts to Polkadot’s Downfall

Solana Co-Founder Reacts to Polkadot’s Downfall

June 29, 2025
BTC Shrugs Off New Trump Tariff Threat as July Deadline Looms

BTC Shrugs Off New Trump Tariff Threat as July Deadline Looms

June 29, 2025
Aptos outperforms other coins in the top 50; here’s why

Aptos outperforms other coins in the top 50; here’s why

June 29, 2025
DeepSeek Preps AI for Hospitals With Human-Labeled Medical Data

Germany Flags DeepSeek as Illegal, Pressures Apple and Google Over Data Concerns

June 29, 2025
XRP Price Skyrockets 6% as New Era Arrives

XRP Price Skyrockets 6% as New Era Arrives

June 29, 2025
Bitcoin Treasury Corp Boosts Holdings to 771 BTC, Plans Lending After Fresh $51M Buy

Bitcoin Treasury Corp Boosts Holdings to 771 BTC, Plans Lending After Fresh $51M Buy

June 29, 2025
Genius Group to split $1B lawsuit proceeds between shareholders and its Bitcoin treasury

Genius Group to split $1B lawsuit proceeds between shareholders and its Bitcoin treasury

June 29, 2025
Dogecoin Silent Build-Up: Double Bottom Hints At Explosive Move To $0.47

Dogecoin Silent Build-Up: Double Bottom Hints At Explosive Move To $0.47

June 29, 2025
Solana ETF Set For ‘Imminent Launch,’ Analysts Say

Solana ETF Set For ‘Imminent Launch,’ Analysts Say

June 28, 2025
  • Privacy Policy
Sunday, June 29, 2025
MtRushmoreCrypto - Where Crypto Rocks
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
Logo
No Result
View All Result
Home Crypto Technical Analysis

Web3 Terms Guide: Crypto Slang Dictionary that Makes You Auto Understand for Beginners | by Kikip | The Capital | Oct, 2024

J_News by J_News
November 14, 2024
in Crypto Technical Analysis, Top News
0
Web3 Terms Guide: Crypto Slang Dictionary that Makes You Auto Understand for Beginners | by Kikip | The Capital | Oct, 2024
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Related articles

Solana Co-Founder Reacts to Polkadot’s Downfall

Solana Co-Founder Reacts to Polkadot’s Downfall

June 29, 2025
BTC Shrugs Off New Trump Tariff Threat as July Deadline Looms

BTC Shrugs Off New Trump Tariff Threat as July Deadline Looms

June 29, 2025

The Capital

Ever been scrolling through Twitter or Discord crypto channels and found terms that make your head spin? “APE IN!”, “WAGMI!” or “Ser, wen moon?” Or maybe you’re puzzled when friends talk about NFTs, DeFi, and DAOs? Don’t worry, you’re not alone!

Let’s start with the basics: blockchain. Think of it as a super-advanced digital ledger. What makes it different from regular ledgers? Data on blockchain can’t be altered at will! Imagine a diary where each page is locked with an ultra-secure digital padlock.

On top of blockchain, we have smart contracts. Think of them as intelligent robots whose job is to ensure all agreements are executed properly. For example, when you sell an NFT, once someone pays the right price, the NFT automatically transfers to the buyer. No drama!

Then there’s DApp (Decentralized Application). These are apps without a “big boss.” What does that mean? No single company holds control. WhatsApp belongs to Meta, Twitter to Elon, but DApps? They belong to the community!

Speaking of community, there’s also DAO (Decentralized Autonomous Organization). Imagine an organization where all decisions are made collectively through voting. No directors making arbitrary decisions. Cool, right?

DeFi (Decentralized Finance) is revolutionizing finance. You can save, borrow money, and even invest — all without stepping into a bank! Just use your smartphone and crypto wallet. Goodbye bank queues!

NFTs (Non-Fungible Tokens) are like digital ownership certificates. They can represent artwork, music, and even tweets! What makes them special? Each NFT is unique and can’t be duplicated. So, if you own an NFT from a famous artist, it’s genuinely yours!

Talking crypto isn’t complete without discussing wallets. This isn’t your regular wallet but more like a mini vault storing all your digital assets. There are hot wallets (online) and cold wallets (offline). Remember, NEVER share your seed phrase with anyone!

If the real world has transportation costs, blockchain has gas fees. These are fees you pay for every transaction. Sometimes cheap, sometimes wallet-breaking. That’s why timing is everything!

Because gas fees can get expensive, there’s a solution called Layer 2. Think of it as a highway built over congested streets. Transactions become faster and cheaper!

For those wary of crypto price fluctuations, there are stablecoins. Their value is pegged to traditional currencies like dollars. USDT or USDC are super popular for trading.

In DeFi, there’s a way to grow money called yield farming. How? You “park” your crypto in liquidity pools and earn token rewards. Like a deposit account but more complex and riskier.

Watch out for rug pulls! This term refers to crypto projects that vanish with investors’ money. That’s why DYOR (Do Your Own Research) is super important!

“We’re All Gonna Make It” (WAGMI) has become a motivational mantra in the crypto community. The opposite? “Not Gonna Make It” (NGMI). The point is, stay positive but realistic!

How about that? Starting to understand Web3 terms better? Sure, it’s mind-boggling at first, but once you get it, it feels like having a superpower! Welcome to the future!

BTW, which term do you find most interesting? Share in the comments! And remember, in the crypto world: DYOR and WAGMI! 🚀## FAQ About Web3 and Crypto

**Q: What is Web3?**
A: Web3 is a term for the next generation of the web that is more decentralized and allows direct transactions on the blockchain.

**Q: What is the difference between a DApp and a regular app?**
A: DApps are not controlled by a single entity and operate on the blockchain, making them more open and transparent than traditional apps.

#Web3 #Crypto #NFT #DeFi #Blockchain #CryptoBasics #WAGMI #CryptoEducation



Source link

ShareTweetShareShare

Related Posts

Solana Co-Founder Reacts to Polkadot’s Downfall

Solana Co-Founder Reacts to Polkadot’s Downfall

by J_News
June 29, 2025
0

In a recent social media post, Solana co-founder Anatoly Yakovenko has praised Polkadot, one of the key Ethereum competitors, amid...

BTC Shrugs Off New Trump Tariff Threat as July Deadline Looms

BTC Shrugs Off New Trump Tariff Threat as July Deadline Looms

by J_News
June 29, 2025
0

The crypto markets experienced a relatively calm day on Friday in spite of a renewal of the threat of tariffs.Bitcoin...

Aptos outperforms other coins in the top 50; here’s why

Aptos outperforms other coins in the top 50; here’s why

by J_News
June 29, 2025
0

Key takeaways APT is the best performer among the top 50 cryptocurrencies by market cap, up 7% in the last...

DeepSeek Preps AI for Hospitals With Human-Labeled Medical Data

Germany Flags DeepSeek as Illegal, Pressures Apple and Google Over Data Concerns

by J_News
June 29, 2025
0

TLDRs: Germany declares DeepSeek illegal, citing user data risks under Chinese law. Apple and Google face pressure under EU’s Digital...

XRP Price Skyrockets 6% as New Era Arrives

XRP Price Skyrockets 6% as New Era Arrives

by J_News
June 29, 2025
0

XRP, the fourth-largest cryptocurrency by market capitalization, jumped nearly 6% in the last 24 hours as Ripple signaled it would...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store
  • Crypto Vouchers
  • About Us
  • What Cryptocurrency Is and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

Top News

Top 10 NFTs to Watch in 2025 for High-Return Investments

Top 10 NFT Games with the Biggest Earning Potential in 2025

8 Top Crypto Fundraising Ideas Best for Startups

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

© 2021 mtrushmorecrypto - Crypto Related News Blog