10 Vocabularies for Cryptocurrency Investors. If you want to get serious in Crypto industry, be sure to never miss these Vocabulary out. It will be useful for your career.
1. Blank Coin - It is the coin that is not backed by anything. For example like Bitcoin, Ethereum and many more.
2. Fiat collateralised currency - It is the money that was backed by somethings but the twist is there are collateral for minting a new coin. For example like USDC and USDT which you have to put money in $1 for 1 USDT or USDC coin. When you want to withdraw to get the USD dollar, the coin that was minted will be burned.
3. Stable coin - which means they are not as fluctuating as coins that is not. For example of Stable coin are USDT, USDC, DAI and etc.
4. CEX - which stand for centralised exchange. These are platform like Bitkub, Zipmex, Coinbase, and etc. These company will usually will hold and responsible for keeping your private keys.
5. GameFi - it is a term called for game that have finance integrated within itself. These games will be P2E currently.
6. Web3.0 - These Web3.0 are what cryptocurrency are based on. It not only gives the ability of read and write like Web2.0 but it gives a sense of ownership.
7. Metaverse - it is a virtual world where people can create their own avatar and many more to play in the virtual worlds. Which these world have many advantages than in real world such as unlimited space.
8. APY - This stands for annual percentage yield. When you stake your coin, there will be this word that appear after the integers of percentage. This means that the rate will be measured per year. For example, if you get 12% APY that means you get 1% per month in return
9. Sollidity - It is a name of the language that is used by many of the coins to write their code on. Such as Ethereum and etc.
10. Bridge - It is a connection that allow ones to transfer data and token from chain to chain. This are built which aim to give convenience to the users but different chain, different protocols.
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