Glossary

What is BEP-20? BEP-20 is a token standard on the BNB Chain (formerly Binance Smart Chain, BSC) designed to extend the functionality of the widely used ERC-20 token standard on Ethereum. It serves as a blueprint for how tokens can be created, transferred, and utilized within the BNB Chain ecosystem. BEP-20 defines the rules and…

What is Bitcoin Halving? Bitcoin halving is a key event built into Bitcoin’s protocol, occurring roughly every four years, that reduces the reward miners earn for validating transactions and adding new blocks to the blockchain by 50%. This event happens after every 210,000 blocks are mined and serves to control Bitcoin’s supply, reinforcing its scarcity…

What is a Block? A block is a fundamental unit of a blockchain, serving as a container for storing data, typically transaction records. Blocks are linked sequentially to form a chain, with each new block referencing the previous one through a cryptographic hash. This structure ensures security, integrity, and immutability within the blockchain, making it…

What Is a Block Explorer? A block explorer is a web-based tool that connects directly to a blockchain, allowing users to view and search the data recorded on that blockchain. It provides real-time visibility into individual blocks, transactions, and wallet addresses, supporting cryptocurrency’s mission of transparency and decentralization. Unlike conventional currencies, blockchain networks store transaction…

What is Blockchain? Blockchain is a special type of digital database that securely stores information in a decentralized and transparent way. Unlike traditional databases controlled by a single entity, a blockchain operates across a network of computers, or “nodes,” where every participant has a synchronized copy of the data. This decentralized design ensures the data…

What is a Bonding Curve in Crypto? A bonding curve is a mathematical formula that defines the relationship between the price of a cryptocurrency token and its supply. It automates the pricing and liquidity of tokens, ensuring that as more tokens are bought, the price increases, and as tokens are sold, the price decreases. Bonding…

What Are Bots? Bots, short for “robots,” are automated software programs designed to perform specific tasks, often with speed and precision that surpass human capabilities. In the context of financial markets, trading bots are widely used to automate trading processes, analyze market data, and execute trades based on predefined strategies. While initially prominent in stock…

What Are BRC-20 Tokens? BRC-20 tokens are an experimental token standard created for the Bitcoin blockchain, inspired by Ethereum’s widely adopted ERC-20 standard. Introduced in March 2023, BRC-20 tokens enable the creation, minting, and transfer of fungible tokens directly on the Bitcoin network. Unlike ERC-20 tokens, which rely on Ethereum’s smart contract functionality, BRC-20 tokens…

What is a Blockchain Bridge? A blockchain bridge is a technology that enables the transfer of assets or data between two different blockchain networks. It acts as a link between otherwise separate ecosystems, allowing users to move tokens or interact with decentralized applications (dApps) on different blockchains seamlessly. Without bridges, blockchains would remain isolated, limiting…