The various high-sounding terms in the currency circle sound confusing, but these seemingly professional things are actually very simple.
What does L2 mean?
The second-layer network, the first layer is the original network, such as the BTC network and the ETH network, but now they are too slow and too backward to handle so much data now, what should we do?
The blockchain cannot be easily tampered with, so a new chain is made, and the data is processed on the new chain and then packaged and sent to the original chain. This new chain is L2, which does not modify the original chain and processes the data of the original chain, saving the handling fee.
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What is NFT?
It is a small picture that can be bought and sold online. It is a token written in a piece of picture information, which becomes a token in the form of a picture, which is NFT. It is more convenient to trade and record airdrop information.
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What does defi mean?
Decentralized finance is just a financial transaction completely on the chain.
To put it bluntly, many transactions that were previously in the exchange APP (buying and selling, staking, contracts) have become defi after being completely moved to the chain.
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What is meta?
Metaverse, what is it? Have you ever played The Sims? It is almost the same thing, except that The Sims becomes the Metaverse when it is connected to virtual currency.
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web3
The third generation of the Internet, it sounds very grand, but in fact, my understanding is that it is an Internet product that can pay dividends and make money. Although 90% of web3 products cannot make money now. .
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What is an inscription?
The smallest unit of Bitcoin is Satoshi. One Bitcoin can be divided into up to 100 million scallions (satoshis). Writing something in each scallion will become a pie inscription.
The inscription is equivalent to the parasite in the scallion. There are good and bad parasites. . However, many tokens are half dead. . .
What does depin mean?
To put it bluntly, the decentralized physical network is just a blockchain network composed of offline devices that can connect to the Internet.
The concept sounds very new, but in fact it is similar to Bitcoin node mining. Maybe Bitcoin uses a mining machine, and you use a mobile phone.
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What is RWA?
My understanding of real-world assets is projects that are linked to physical objects, but I guess most of these physical objects are imaginary or in the process of creation.
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What is meme?
Emotional coins, coins without any technology and innovation, completely rely on shouting orders to pull the market, rely on emotional output, the characteristics are cheap, and the disadvantage is that it returns to zero quickly.
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What is cex? Exchange, what is dex? On-chain exchange Various exchanges
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What is gamefi?
Games on the chain, but I think whether a game is fun or not has nothing to do with whether it is on the chain or not.
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Blockchain 3.0-cutting leeks 3.0
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In fact, it doesn’t matter what these things are, what matters is that more and more people will play them in the future.
