• What is a Decentralized Exchange (DEX)?

  A decentralized cryptocurrency exchange (DEX) is a platform that allows users to buy and sell cryptocurrencies without the need for a central authority. This means that the exchange does not hold users' funds, and all transactions are carried out directly between the buyers and sellers. One of the main benefits of using a DEX is that it offers greater security and privacy compared to a centralized exchange. Because users are in control of their own funds, there is no risk of the exchange beiFew readers

• What is Decentralized Finance (DeFi)?

  Decentralized finance (DeFi) is a financial system that is built on blockchain technology and is decentralized, meaning that it is not controlled by any central authority or organization. DeFi aims to make financial services more accessible, transparent, and secure by using smart contracts and decentralized protocols. One of the main features of DeFi is that it allows users to access financial services directly, without the need for intermediaries such as banks. For example, users can taFew readers

• Glossary of Web3 Terminology

  There are a lot of technologies, processes, and fine details that lay at the heart of Web3, DeFi, and cryptocurrency. This glossary intends to be a useful tool that you can come to if you found a word somewhere that you don't know but feel you maybe should. BEP20: A technical standard that determines how tokens are transferred and how data is accessed on the BNB Smart Chain. Binance Coin (BNB): Binance Exchange's native cryptocurrency, used to pay fees for transacting and trading on thFew readers