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Delegated Proof of Stake (DPoS)
Delegated proof of stake (DPoS) is a consensus mechanism used by some blockchain networks to achieve distributed consensus.
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Staking pool
A staking pool is a group of individuals who come together to pool their resources in order to have a better chance at earning rewards from staking a cryptocurrency.
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Mining
Cryptocurrency mining is a process by which new transactions are added to the blockchain, the digital ledger that underpins most cryptocurrencies.
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Recovery phrase
Recovery phrases, also known as backup phrases or seed phrases, are a critical component of many cryptocurrencies and blockchain-based applications. These phrases are essentially a string of words that are used to restore access to a wallet or account in the event that the user forgets their password or loses access to their device.
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Altcoins
Altcoins, also known as alternative cryptocurrencies, are digital or virtual currencies that are designed to be used as alternatives to the well-known and widely-used cryptocurrency, Bitcoin.
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dApps
Decentralized applications, or dApps, are a type of software application that runs on a decentralized network.
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Ledger
A Ledger hardware wallet is a device that securely stores your cryptocurrency private keys.
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CEX
CEXs, or centralized exchanges, are a popular method for buying and selling cryptocurrencies.
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On-ramps and Off-ramps
On-ramps refer to the various ways in which individuals can easily and conveniently purchase cryptocurrencies, while off-ramps refer to the various ways in which individuals can easily and conveniently sell their cryptocurrencies and convert them into fiat currency.
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