Decentralized Exchange (DEX)
A Decentralized Exchange (DEX) is a type of cryptocurrency exchange that operates without a central authority. Instead of relying on a company or third party…
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Trading Fee
A trading fee is a cost charged by brokers, exchanges, or trading platforms when you buy or sell financial assets like stocks, cryptocurrencies, forex, or derivatives. These…
Transaction Fee
A transaction fee is a cost charged for processing transactions, commonly applied in financial services, blockchain networks, and digital payments. Here’s a breakdown: 1. Types of Transaction…
Cryptocurrency
A cryptocurrency (colloquially crypto) is a digital currency designed to work through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. However,…
Staking
Staking is a process in the cryptocurrency world where users lock up their coins to support the operations of a blockchain network, typically a Proof-of-Stake (PoS) or one…
Block
In blockchain technology, a block is a fundamental data structure that stores a batch of verified transactions. Each block is linked to the previous one, forming a chain…
Validator
A cryptocurrency validator is a network participant responsible for verifying transactions and maintaining the blockchain’s integrity. Validators are crucial in consensus mechanisms like Proof-of-Stake (PoS) and its variants (e.g., Delegated…
Proof of Liquidity (PoL)
Proof of Liquidity (PoL) is a consensus mechanism or cryptographic verification method designed to ensure that a blockchain network or decentralized finance (DeFi) protocol has sufficient…
Proof of Authority (PoA)
Proof of Authority (PoA) is a consensus mechanism used in blockchain networks where validators are identified and approved by a central authority, rather than being selected…
Delegated Proof of Stake (DPoS)
Delegated Proof of Stake (DPoS) is a consensus mechanism used in blockchain networks to achieve fast, efficient, and scalable transaction validation while maintaining decentralization. It is…