deBridge DeFi Glossary | Understand The Words of Crypto

The Words of Crypto

Time to understand the language

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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.

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.

Blockchain

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

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.

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