✍️ Crypto Slang Terms #6: Your Guide to the Cryptoverse
🔥 BSCStation Crypto Slang Terms is back with another 5 common blockchain words to help improve your knowledge in the innovation industry!
🙌 Let's check out today’s words
▶ Crowdsale
The process of selling crypto coins or tokens through crowdfunding, usually done before a new blockchain-based project launches its token/coin on the market so investors can take part in early bonuses and incentives.
👉 Example: BlueSale Finance’s IDO on BSCStation
▶ Cryptocurrency
A form of digital asset that uses cryptography as its main security measure to control the creation of additional units and verify transactions on its decentralized network.
👉 Example: BNB, ETH, BSCS
▶ Dead coin
A project that was launched with the intention of being used as a digital currency but failed.
👉 Example: Bitconnect (BCC)
▶ Digital Asset
Digital asset is the catch-all term for assets that exist digitally. The term covers a wide variety of assets, including cryptocurrencies, utility tokens, security tokens, digital stocks, and digital collectables.
All cryptocurrencies are digital assets, while not all digital assets are cryptocurrencies.
👉 Example: 💰BTC, 🖼NFT
▶ Digital Signature
A digital signature in cryptocurrency is the process of using a private key to digitally sign a transaction.
Through public-key cryptography (PKC), a digital signature authenticates the sender and recipient of a transaction. It allows anyone with the sender’s public key to verify the digital signature or the authenticity of the message, transaction, or data.
💪 As you can see, the number of slang terms related to Blockchain is humongous! However, just with a little patience and a curious heart, you will find what you need to know in the following articles of BSCStation about Crypto Slang Terms!
About BSCStation
BSCStation - The fully decentralized protocol for launching new ideas. An all-in-one Incubation Hub with a full-stack Defi platform across all main blockchain networks. We provide exclusive services including IDO/INO Launchpad, Yield farming, NFT Auction, Marketplace, and BSCSwap.
BSCStation operates on top of the all main blockchain networks and is designed to offer maximum value to consumers and institutions.
BSCStation platform uses the Sharing Economy Model for the purpose of profit-sharing, helping users to access DeFi platforms in the easiest, safest, and most cost-effective way. BSCStation is the most convenient bridge to connect users and application products on all main blockchain networks.
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