Digitaleuro.network is an informative website about the blockchain (informative blockchain portal) and is formally not associated with any (blockchain) project, company or other website. This website does not give any warranty and no liability will be accepted.
Definitions
This website contains words/definitions which are here explained:
Affiliate
Affiliate literally means closely associated or connected with one another. In a affiliate program, the merchant/project rewards the affiliate or associate for advertising and/or linking to his website. Mostly the affiliate is rewarded when a sale has been made after using the affiliate link.
Blockchain
Blockchain is a distributed system with growing lists of records (blocks) that are securely linked together by cryptographic hashes. Each block contains a cryptographic hash of the previous block, a timestamp and transaction data (generally represented as a Merkle tree, where data nodes are represented by leaves). Since each block contains information about the previous block, they effectively form a chain (compare linked list data structure), with each additional block linking to the ones before it. Blockchain transactions are irreversible, once they are recorded, the data in any given block cannot be altered retroactively without altering all subsequent blocks.
CEX
CEX is an abbreviation for centralized exchange.
Cookies
Cookies are text files with small data (information) included that a website asks your browser to store on your computer or mobile device. Cookies allow the website to remember your actions and/or preferences which can make the website better and make it more useful for the visitor.
Cryptocurrency
Cryptocurrency, crypto currency or crypto are digital currencies on a computer network or blockchain which can be traded on an exchange.
Cryptocurrency broker
A cryptocurrency broker (or broker) is a company or an individual that acts as an intermediary between the users and the cryptocurrency markets. A cryptocurrency broker sets their own prices and fees. It allows customers to trade cryptocurrencies (digital currencies) and other assets. Customers can deposit/withdraw fiat money and/or cryptocurrencies to their bank account, other crypto currency exchange or cryptocurrency wallet.
Cryptocurrency exchange
A cryptocurrency exchange (or exchange) is a business that allows customers to trade cryptocurrencies (digital currencies) and other assets. Customers can deposit/withdraw fiat money and/or cryptocurrencies to their bank account, other crypto currency exchange or cryptocurrency wallet. Some cryptocurrency exchanges accept credit card payments, wire transfers or other forms of payment. Most cryptocurrency exchanges take fees from transfers and/or trading. Some cryptocurrency exchanges have an own issued token which can give rewards (for example: earning tokens) and benefits (for example: less fees) to the customer by holding the token(s). Some cryptocurrency exchanges have options for staking, farming and ETFs. For certain options and if certain limits are reached, customers are required to complete KYC.
Decentralization
Decentralization on the blockchain is not reliant on a central authority like a government, corporation or a bank to operate. In the decentralized system a sender and receiver can make a transfer without the need of external parties like payment system or a bank.
DeFi
DeFi stands for decentralized finance. It is an umbrella term for financial services on public blockchains, It uses cryptocurrency and blockchain technology to manage financial transactions.
DEX
DEX is a abbreviation for decentralized exchange.
Gamefi
GameFi is an anagram for Gaming Finance. It stands for a combination of gaming and decentralized finance (DeFi). It integrates blockchain applications into the gaming sector with multiple use cases.
IAO
IAO is an acronym for Initial Airdrop Offering. It is the first airdrop option.
ICO
ICO is an acronym for Initial Coin Offering. It is the first public sale of a cryptocurrency. It forms as a funding of raising capital for new projects (start-ups).
IDO
IDO is an acronym for Initial DEX Offering. It is the first public sale of a cryptocurrency which is facilitated by an DEX exchange where the customer/investor can participate. The project takes full responsibility to manage the transactions and operations. There are no exchange fees and it does not require authorization.
IEO
IEO is an acronym for Initial Exchange Offering. It is the first public sale of a cryptocurrency which is facilitated by an cryptocurrency exchange where the customer/investor needs to have completed KYC and fulfil all legal terms and jurisdiction (residents from certain countries cannot participate) to participate. It forms as a funding of raising capital for new projects (startups). Cryptocurrency exchanges act as a middleman between customers/investors and the project (startup) where they earn fees from the process and possible from the funding phase. It can be seen as an evolution from the ICO due to regulation (legal influence) of the cryptocurrency sector. In the cryptocurrency sector equivalent to an IPO on the stock market.
IFO
IFO is an acronym for Initial Farming Offering. It is the first farming option. Tokens can be farmed through a cryptocurrency exchange where users can purchase tokens through a pre-sale at a discount.
KYC
KYC is an abbreviation for Know Your Customer. It is the mandatory process of identifying and verifying the client’s identity. KYC standards are created to protect financial institutions against fraud, corruption, money laundering and terrorist financing.
Lending
Lending (or financing) is the process where a person, group or financial institution provides funds to a borrower.
NFT
NFT is an abbreviation for non-fungible token (NFTs is an abbreviation for non-fungible token). A NFT is a unique digital identifier in a blockchain that cannot be copied, substituted, or subdivided and can be used to certify authenticity and ownership (digital asset and/or specific rights relating to it).
Staking
Staking is a process where an user is earning rewards for holding certain cryptocurrencies.
Yield farming
Yield farming (or farming) is a process where an user is earning rewards with providing liquidity (staking or lending assets) to a decentralized finance (DeFi) platform.
Informative
This informative website does not contain any financial/investment advices and is not responsible for financial investments. This website does not give any warranty and no liability will be accepted. Cryptocurrencies and blockchain products can be violate. Please do your own research before making a financial investment.
Third-party content
This website contains links to third-party websites, products and services. This website is not responsible for the the third-party content. Please do your own research before connecting or making a transaction with a third-party (content).
Affiliate
Any used graphic materials from affiliated projects are used for promoting them. This website uses affiliate links which may result in a commission reward.
Amazon affiliate disclosure
This website is a participant of the Amazon Services Associates Program. This is an affiliate advertising program for earning a revenues by advertising and linking to Amazon. As an Amazon Associate, I earn from qualifying purchases. I get commissions for purchases made through links in this post.
Sorare affiliate program
This website is a participant of the Sorare affiliate program. This is an affiliate advertising program for earning a commission (if new user used the Sorare link to create an account and buys from the auctions market) by linking to Sorare. A new Sorare user which used the Sorare link on this website to create an account can get 1 limited card (NFT) when he purchased 5 cards (NFTs) from the auctions market.
Cookies
This website uses cookies to improve the website and to track the affiliate link and your continued use of this website will indicate your acceptance of these cookies. If you do not agree with the cookies policy you can move away from the website (URL) or close the browser. This website uses a Geo-target GDPR Banner which pops up when you visit the website; in this banner you can set up your privacy consent preferences (Customize – Reject All – Accept All).