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DefiBNS
@bnsuccess
Crypto terms you should know so you don't get confused: 1. DeFi:- Decentralized Finance 2. CeFi:- Centralized Finance 3. HODL:- Hold 4. DYOR: Do Your Own Research 5. NFT:- Non- Fungible Token;A token with an inherent quality that cannot be exchanged for another token. 6. DAOs:- Decentralized Autonomous Organizations.
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DefiBNS
@bnsuccess
7. Address( wallet Address):- A unique identifier used to transact upon a blockchain network. 8. Airdrop:- A distribution method in which tokens are sent to various wallet addresses for free (a marketing tactic to stimulate engagement. 9. Altcoin:- Alternative Coin; any digital coin/token that is not Bitcoin.
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DefiBNS
@bnsuccess
10. AML:- Anti-Money Laundering;Set of international regulatory standards applied to restrict organizational & individual money laundering activities. 11. Coin:- A digital asset that is created by an independent blockchain. 12. WALLET - This is an online wallet where you store your coins.
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