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WElcome
AMM
Automated Market Maker Decentralized exchanges where one trades with a smart contract, not other people.
APY
Annual Percentage Yield
Rate of return earned on a savings deposit or investment taking into account the effect of compounding interest.
Encryption
Encryption or cryptography is a specific type of coding that allows information to be secured digitally.
DAPPS
DAPPS are decentralized applications including wallets, games, and defi on WEB3.
NFT
Non-Fungible Tokens simply put is the value on digital items to buy/sell or trade. i.e:Art/Design and many other creations
interoperability
Allows Blockchain technology to be utilized universally
KYC
When you hear or see this, it just means you have to provide some proof of identity.
cloud
A cloud in the digital world is a network of information that is heavily encrypted, that allows it to be accessed universally.
Cookies
Cookies are delicious, but in the digital world, cookies are your digital crumbs(information) that most sites ask you to allow them to see.
DeFi
DeFi is decentralized finance that is not controlled by a central point, it is funded by people like us that receive high yields for their contribution (investment) in the network. This is called Staking.
Staking
Staking is the process of holding your cryptocurrency on the network to help with verifying each block. This then rewards you with a small rewards usually presented as APY%. (Annual Percent Yield)
seed
A seed phrase is a combination of words that are randomly created when creating a digital wallet. Usually between 12-24 words. These phrases should be never shared and locked safely away
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