✍️ Crypto Slang Terms #7: 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
▶ Dumping: The process of offloading large quantities of coins onto exchanges all at once which drives down prices because there is more supply than demand for that particular cryptocurrency.
▶ DYOR: Do Your Own Research; this means that all crypto investors should do their own research on a project before investing in it.
▶ Entry and exit points: These are the points at which an investor decides to buy or sell a particular coin/token.
▶ ERC-20: A technical standard used for smart contracts on the Ethereum blockchain which ensures that all tokens and transactions comply with certain rules.
▶ Ethereum Virtual Machine (EVM): A Turing complete virtual machine that helps run smart contracts on Ethereum's blockchain by keeping track of their state and allowing them to be executed simultaneously across the entire network through consensus.
💪 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!
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