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Exchange

What does Exchange means?

In crypto, “exchange,” also known as a “crypto exchange,” describes a platform where people can trade cryptocurrencies. Therefore, you can swap from one crypto to another or exchange your cryptocurrency for stable fiat coins like USDT.

Examples

Examples of crypto exchanges include Binance, BlockFi, Crypto.com, and Coinbase.

Random Slangs

Presale

It’s the process of selling NFTs to chosen investors (usually early supporters) before the official mint date. Presales typically sell at a price below the

Hashrate

The hashrate measures the mining speed of your CPU per second, and the unit is hash/sec. Thus, miners put in resources to ensure their CPU

Devs

An abbreviation for developers. Devs are professionals who create products and services in the blockchain ecosystem using programming languages like Solidity, JavaScript, and Python, and

Fungibility

As opposed to non-fungibility, fungibility means replaceability. It describes the ability of an item to be tradable or exchangeable for other commodities. For instance, cryptocurrencies

AFAIK

The short form of “as far as I know”, implying that the information available is what someone knows so far. AFAIK statements are usually amenable

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