✦ Essential Crypto Glossary
The world of blockchain and cryptocurrency is full of complex terminology that can be overwhelming, especially for newcomers.
To help users navigate the Crypto D.app ecosystem and the broader crypto space, we’ve put together this comprehensive glossary of essential terms.
Whether you're a beginner or an experienced trader, this guide will help you understand key concepts related to crypto, DeFi, NFTs, and Web3.
➤ Web3 & Blockchain Terms
Web3 - The decentralized evolution of the internet, emphasizing user ownership, blockchain integration, and privacy-first applications.
Blockchain - A distributed, immutable ledger that records transactions securely across a network.
Smart Contract - A self-executing blockchain protocol that automates agreements and transactions without intermediaries.
Decentralization - The shift from centralized control to a distributed network, ensuring security and user autonomy.
Public Key - A cryptographic address used to receive funds.
Private Key - A confidential code granting access to a wallet—never share it.
Gas Fees - Network transaction costs paid to validators for processing blockchain operations.
Stablecoin - A cryptocurrency pegged to a stable asset (e.g., USD) to reduce volatility.
Tokenomics - The economic structure of a cryptocurrency, including supply, utility, inflation, and burning mechanisms.
➤ Crypto D.app Ecosystem Terms
Crypto D.app - A decentralized platform providing tools, insights, and funding for crypto projects.
Obsidian ($OBS) - The native token of Crypto D.app, used for listings, ads, promotions, and governance.
Project Grants - A funding program distributing $OBS to support innovative Web3 projects.
Airdrop - Free token distributions to users for engagement, awareness, or participation.
Community Upvotes - A ranking system where users vote on projects to boost credibility and visibility.
Tier 1 Listings - Exclusive placements on major crypto tracking and analytics platforms.
➤ DeFi (Decentralized Finance) Terms
DeFi - A blockchain-based financial ecosystem offering services like lending, staking, and yield farming without intermediaries.
Liquidity Pool - A smart contract holding deposited tokens to facilitate decentralized trading and lending.
Yield Farming - A DeFi strategy where users provide liquidity to protocols in exchange for rewards.
Staking - Locking tokens in a network to earn rewards while securing the blockchain.
APR (Annual Percentage Rate) - Interest rate without compounding.
APY (Annual Percentage Yield) - Interest rate including compound effects.
DEX (Decentralized Exchange) - A peer-to-peer trading platform where users swap tokens without intermediaries.
➤ NFT & Metaverse Terms
NFT (Non-Fungible Token) - A unique digital asset stored on a blockchain, representing art, collectibles, or gaming items.
Metadata - Information attached to an NFT, defining attributes, creator, and ownership history.
Minting - The process of creating and recording an NFT on the blockchain.
Floor Price - The lowest price at which an NFT from a collection is listed for sale.
Metaverse - A blockchain-powered virtual world where users interact, own assets, and participate in economies.