✍️ Crypto Slang Terms #8: Your Guide to the Cryptoverse 📕
🔥 Get ready to enhance your knowledge in the innovative blockchain industry with BSCStation's Crypto Slang Terms! Today we bring you another five common blockchain words to level up your understanding!
▶ Etherscan: A web tool that lets you explore transactions, wallets, and other aspects of Ethereum's blockchain.
It also provides various charts to visualize said data as well as a list for those who want to track specific activity on the network.
👉 Etherscan website: https://etherscan.io/
▶ Exchange: Platforms that allow users to buy, sell, or trade cryptocurrencies for other digital currencies or traditional currencies like US dollars or euros.
Cryptocurrency exchanges are a vital part of the crypto ecosystem, providing users with access to crypto funds.
✍️ Example: 🔸Binance, 📈Bybit, 🟢Kucoin
▶ Fear and greed index: A technical indicator that measures market sentiment based on the prices of seven different assets.
👉 Check the index at CoinStats, alternative
▶ Fiat currency: A legal tender declared by the government; this can be backed up by its economy and has an institution that regulates it (central bank).
✍️ Example: Great British Pound (GBP), United States Dollar (USD)
▶ FOMO: Fear Of Missing Out; the acronym that was coined to describe a phenomenon when investors buy or sell an asset based on others' actions, causing them to miss out on more profitable opportunities.
💪 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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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 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.