Web3

What does Web3 means?

Refers to the decentralized web version, where every transaction and data sits on several data nodes. Web 3.0 revolves around blockchain technology and runs decentralized apps. In contrast to web 2.0, which uses a centralized database system, web 3.0 decentralizes data into users’ computers—so no single entity manages data anymore.

Random Slangs

Peer To Peer (P2P)

Peer to Peer, shortened to P2P, is a decentralized transaction between two traders (a pair) without a verifying third party. In this case, other users

Tokenomics

A combination of “token” and “economics.” It defines the financial chain attribute of a digital token that makes it attractive to investors. These include statistical

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

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.

ETH

Another way of writing Ether, the native coin of the Ethereum blockchain.