Layer 2
Layer 2 solutions are technologies built on top of blockchains to improve scalability, speed, and transaction efficiency.
#crypto glossary Page 9
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Staking
Staking is the process of locking cryptocurrency to support blockchain security and earn rewards on proof-of-stake networks.
Mining
Mining is the process of validating blockchain transactions and creating new coins using computational power on proof-of-work networks.
Wallet
A crypto wallet is a tool that stores private keys and enables users to manage, send, and receive cryptocurrencies securely.
Stablecoins
Stablecoins are cryptocurrencies designed to maintain a stable value, often pegged to fiat currencies, enabling reliable payments and trading.
Decentralized Finance (DeFi)
Decentralized Finance (DeFi) is a blockchain-based financial system that uses smart contracts to offer services without banks or intermediaries.
Smart Contracts
Smart contracts are blockchain-based programs that automatically execute agreements when conditions are met, enabling trustless and decentralized applications.
Blockchain
Blockchain is a decentralized digital ledger that securely records transactions across a network, forming the technological foundation of cryptocurrencies and Web3 applications.
Altcoins
Altcoins are all cryptocurrencies other than Bitcoin, covering a diverse range of blockchain projects, use cases, and technologies across the crypto market.
Ether
Ether is the native cryptocurrency of the Ethereum network, used to pay transaction fees, execute smart contracts, and power decentralized applications across the blockchain.
Ethereum
Ethereum is a decentralized blockchain platform that enables smart contracts and decentralized applications, powering DeFi, NFTs, and much of the broader Web3 ecosystem.
Bitcoin
Bitcoin is the first and most recognized cryptocurrency, built on blockchain technology to enable decentralized, secure, and transparent digital transactions without intermediaries.