BEP-721 is the token standard for non-fungible tokens (NFTs) on the Binance Smart Chain (BSC).
A pump and dump is a type of market manipulation scheme where the price of an asset, such as a cryptocurrency, is artificially inflated (pumped) by coordinated buying, followed by a rapid sell-off (dump) once the price has risen significantly.
A public key is a cryptographic code used in conjunction with a private key to encrypt and decrypt data.
A protocol in blockchain refers to the set of rules that define how data is exchanged and validated across the network.
Proof of Work (PoW) is a consensus algorithm that requires network participants (miners) to solve complex mathematical puzzles to validate transactions and create new blocks.
Proof of Stake (PoS) is a consensus algorithm used by blockchain networks to validate transactions and secure the network.
Proof of History (PoH) is a consensus mechanism used by Solana to create a verifiable order of events or transactions before they are processed.
Proof of Authority (PoA) is a consensus mechanism where transactions and blocks are validated by approved or "authorized" validators.
A private key is a cryptographic code used to authorize transactions and access cryptocurrency funds in a blockchain wallet.
Price slippage occurs when the execution price of a trade differs from the expected price due to market volatility or low liquidity.
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