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BSC

What does BSC means?

An acronym for “Binance Smart Chain.” BSC is a protocol that makes the Binance Chain interoperable and programmable. Hence, other resources can communicate with it. The BSC also enables faster and cheaper transactions and uses a 21-person PoS (proof of stake) protocol to keep the blockchain rolling.

Random Slangs

Pump and dump

Pulling out of a project after pushing its price to the peak through deceit. In a “pump and dump,” someone or a group of people

Whitelist

Often abbreviate as “WL”, a whitelist is a special list that gains early access to an NFT drop before the general public.

Derivative

Derivatives are secondary contracts that inherit their value from an existing or underlying one. Examples of derivatives include crypto Options, Swaps, Futures, Forward, and many

Mining

It’s the cryptocurrency generation process. And it involves adding verified blocks to the blockchain to maintain its integrity through a proof of work (PoW) process.

Crypto Twitter (CT)

Refers to a specific group of people on Twitter that tweet topics revolving around the blockchain and crypto. They include devs, crypto traders, investors, spectators,

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