All kinds of lofty terms in the Crypto Community sound cloudy, and these seemingly professional things are actually very simple



NPCs will take you through the so-called "tall and tall"

This article is pure fiction, and the description is all wrong, just to make fans happy, I hope you guys can understand!

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What does L2 mean?

The second layer of the network, the first layer is the original network, such as the BTC network and the ETH network, but now they are too slow and too backward to process so much data now, what should I do?

Blockchain can not be easily tampered with, so make a new chain, process data on the new chain and then package and send to the original chain, this new chain is L2, no modification of the original chain, and the data of the original chain is processed, saving fees.

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What is Non-fungible Token?
It is a small picture that can be bought and sold online, that is, the Token is written in a picture information, and it becomes a Token in the form of a picture, which is Non-fungible Token, and it is more convenient to trade and record Airdrop information.

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What does DeFi mean?
DeFi is just a complete on-chain financial transaction.

To put it bluntly, many transactions (buying, selling, staking, and contracts) that used to be within the exchange APP have become defi after they are completely moved to the chain

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What is Meta?
Metaverse, what is the Metaverse? Play the Sims, it's almost exactly the same thing, the difference is that the Sims connect to the virtual currency and become the Metaverse.

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web3
The third generation of the Internet is very lofty, but in fact, my understanding is that it is an Internet product that can dividend dividends and make money. Although 90% of web3 products are now unprofitable.

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What is the inscription?
The smallest unit of Bitcoin is Satoshi, and a Bitcoin can be divided into up to 100 million green onions (Satoshi), and writing something in each green onion becomes a Big Pie inscription.
The inscription is equivalent to the parasite in the green onion, and there are good and bad parasites. However, many Token Ontologies are half-dead...

What does depin mean?
Decentralization physical network is simply a Blockchain network composed of offline networkable devices.
The concept sounds very new, but it's actually similar to the meaning of BitcoinNodeMining, maybe Bitcoin you're using a Mining Rig and you're using a mobile phone.

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What is RWA?
Real-world assets, as I understand them, are projects that are linked to physical objects, but I estimate that most of these physical objects are imaginary, or created.

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What is a meme?
Mood coin, without any technology and innovation of the currency, completely rely on shouting orders to pull the plate, relying on emotional output, the characteristics are cheap, the disadvantage is that the zero is fast.

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What is CEX? Exchange , What is a DEX? On-chain exchanges Various exchanges

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What is GameFi?
A game on the chain, but I don't think a game is fun or not, and it doesn't matter if it's not on the chain.

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Blockchain 3.0 - Be Played for Suckers 3.0

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In fact, it doesn't matter what these things are, the important thing is that more and more people will play in the future.
BTC-2.02%
ETH-5.22%
APP-5.25%
ONT-5.55%
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RunningAroundDecepticovip
· 2024-01-26 01:17
See through it or not
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