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Decentralization

Platforms in the crypto industry may go decentralized to remove intermediaries and create a trustless environment, allowing for greater security and privacy for users. Decentralization can also increase transparency and efficiency by removing centralized control, and allowing for community-led decision making. Some popular decentralized platforms in the crypto industry include decentralized exchanges (DEXs) such as Uniswap and PancakeSwap, decentralized finance (DeFi) platforms like Aave and Compound, and blockchain networks like Ethereum and Cardano.

  • Gas
    GasGas is a unit used on the Ethereum blockchain to measure the computational effort required to execute transactions and smart contracts. It's the fee paid... More is a unit used on the EthereumEthereum is a type of cryptocurrency that is similar to Bitcoin, but with some important differences. One of the key differences is that […]
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  • Capitulation
    In cryptocurrencyCryptocurrency is a digital or virtual currency that uses cryptography for security and operates independently of a central bank. Cryptocurrencies use decentralized technology called blockchain... More trading, capitulationIn cryptocurrency trading, capitulation refers to a situation where investors or traders give up their positions in a particular asset or market after experiencing a... More refers […]
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  • Mainnet
    A mainnetA mainnet refers to the main blockchain network of a cryptocurrency. It is the actual network where transactions are recorded and executed, as opposed to... More refers to the main blockchainThe blockchain is a digital ledger that records transactions in a secure and decentralized manner. Think of it like a shared spreadsheet that is […]
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