deBridge DeFi Glossary | Understand The Words of Crypto
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Centralized

When the decision-making power is centralized in a single point within a system.

Centralized Exchange

Exchanges that are controlled by big companies.

Chain

A blockchain network, e.g., Arbitrum or Solana.

Circulating Supply

The cryptocurrency tokens available publicly in the market.

Cold Wallet

Offline crypto storage, safer from hacks.

Composable

Interoperable DeFi protocols that can integrate with others.

Cross-chain

Interactions or transactions between different blockchains.

Crypto Protocol

A set of rules and procedures that govern behavior in a decentralized network.

Cryptocurrency

A cryptocurrency is a digital currency secured by cryptography. It operates without central control.

Custodial

Custodial wallets are managed by third parties (like CEXs) who control your keys. Exchanges usually provide custodial services.

Bags

Bags refer to the portfolio of digital assets held by a person. People often use it casually to describe long-term positions.

Base Layer

A base layer is the main blockchain where transactions occur. Examples include Ethereum, Solana, and Bitcoin.

Bear Market

A prolonged period of falling crypto prices, often referred to as a negative trend. It often leads to reduced trading and lower confidence.

BEP-20

BEP-20 is the token standard for BNB Smart Chain. It defines how tokens behave, similar to Ethereum’s ERC-20.

Bitcoin

Bitcoin is the first cryptocurrency created by Satoshi Nakamoto. It operates as decentralized digital money secured by proof-of-work.

Block

A block is a collection of validated transactions added to a blockchain onchain. Each block links to the previous one, creating a chain.

Blockchain

A decentralized ledger of transactions and information about a crypto token. It ensures data security, immutability, and trustlessness.

Block Explorer

A block explorer displays activity on a blockchain, such as transactions or wallet balances. It allows anyone to verify onchain data in real time.

BNB Chain

BNB Chain is a fast, low-fee, EVM-compatible blockchain built by Binance. It powers thousands of decentralized apps and tokens.

Bounty

A bounty is a reward to incentivize certain work, behavior, or development. It encourages community participation.

Bridge

A bridge connects different blockchains and moves assets or data between them. deBridge is an example of a secure, real-time cross-chain bridge.

Bull Market

A prolonged period of rising crypto prices, often referred to as a positive trend. It brings optimism, activity, and high investor interest.

Burn

A method to permanently remove tokens from circulation. This reduces supply and may increase scarcity.

Airdrop

The distribution of digital assets to selected wallets.

Address

A unique identifier where crypto is stored and received. It is a string of characters and numbers.
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