πGlossary
Lees hieronder alle begrippen die je terug kan vinden in de whitepaper.
The glossary, also called a glossary, is an alphabetical list of all concepts in your thesis that are not immediately clear to the average reader.
Glossary:
NFT: Non-fungible tokens, also known as NFTs, contain a unique aspect and are therefore not replicable. This unique aspect is included in the metadata of the token itself and can be seen as an inviolable certificate of authenticity. An important feature of NFTs is that they make it possible to identify items. NFTs are also not divisible. This is best explained by the following example: For example, if you buy a ticket to a concert, you cannot give someone else a share of that concert ticket. Part of a ticket has no value. The huge advantage of this protocol is that people can claim ownership of a particular product or item via an NFT token One of the things NFTs can be used for is proving ownership, in this case digital items. It was previously mentioned that NFTs function as a certificate of authenticity and so they can be linked to a specific item.
Examples of NFT digital items include:
Collectables Gaming items (rare skins or weapons).
Virtual assets and addresses Ownership of tangible assets (gold, real estate, etc.).
Verification (educational degrees or medical history).
NFT MINT: You can think of minting as creating the NFT. During a mint, the information from the NFT is placed on the blockchain. This is also the first chance to purchase the NFT. You buy an NFT with the crypto currency or token of the blockchain on which the NFT is located. For example, Ethereum (ETH).
NFT MARKETPLACE: An NFT marketplace is a marketplace application that makes it possible to trade your NFT, or purchase other NFTs, etc.
METADATA: Metadata is necessary to turn content into meaningful information. Simply put, metadata is data about data. Metadata describes the context, content and structure of information objects, such as series, files, documents, photos, databases, spreadsheets or audio and video files, and their management over time.
NFT FEE: An NFT fee is better known as a gas fee for the transaction. Gas fee is the money paid to blockchain miners for processing the transaction embedded in the blockchain.
NFT ROYALTY: Royalties provide NFT creators a way to continue to get paid for their work even after the NFT's original sale. Non-fungible tokens (NFTs) are a key technical paradigm and building block of the Web3 ecosystem.
NFT STAKEN: When staking your NFTs, you can lock your NFTs to a specific platform or protocol. Pinning your NFT ensures you receive rewards. These so-called staking rewards provide an extra return, while the NFT remains yours.
NFT HOLDERS: NFT is the abbreviation for Non Fungible Token. With a Non Fungible Token you can prove that a digital object is your property. This so-called NFT will be linked to your own crypto wallet. Trading NFTs is becoming increasingly popular but certainly more lucrative.
(ERC-20) TOKEN: An (ERC20) token is part of a technology for the cryptocurrency Ethereum. ERC20 stands for 'Ethereum Request for Comment 20'. It belongs to the technology for Ethereum Tokens. The developers of Ethereum have chosen to adopt an open policy.
DAO: DAO stands for Decentralized Autonomous Organization. It is precisely this decentralized aspect that makes Web3. A DAO has the function of a company but has no staff or manager - and the community of users is a co-owner. It is a smart contract: a piece of programming code. The DAO allows users to vote on proposals via the BCBT-DAO token.
DAO TOKEN: Each DAO has its own cryptocurrency in the form of a token. This token allows people to vote on decisions that need to be made. People can also make a proposal to the community with this token.
TOKEN CLAIMEN: By mining the BCB badge, the badge is stored as an NFT in the user's wallet. The user can now discontinue his NFT and thus transfer his NFT to the BCB smart contract. Because the user has given up his NFT in the contract, the contract now transfers 6 BCBT tokens to the user's wallet address every 24 hours.
TOKEN MINTEN: Users can also mint the BCBT token without minting the BCB badge NFT. The user pays 0.10 USDC per 1 BCBT token. The user can choose how many BCBT tokens he or she mints, with a maximum of 10,000 BCBT per wallet.
GIVEAWAY: Giving away 500,000 BCBT for free in exchange for marketing & awareness.
WEB3: Web3 is a decentralized version of the internet where ultimate control lies not with large technology companies, but with internet users. It is an idea that lives worldwide. It is a vision of the future that is currently attracting a lot of interest and is being actively worked on. In Web3, protocols, internet infrastructure, platforms and apps are built from a decentralized mindset. Blockchain technology, crypto tokens and NFTs play an important role in Web3.
ICO: ICO is an abbreviation for Initial Coin Offering. It involves a person or project providing investors with tokens of a newly coined cryptocurrency. As an investor, you receive this in exchange for, for example, Bitcoin, Ethereum or any other cryptocurrencies.
BUY BACK PLAN: A buyback and burn program is a way for a cryptocurrency company to reduce the overall supply of its token. The process involves the company buying back a certain number of tokens from the market and then βburningβ or destroying them.
CONTENT CREATOR SHARES: These are shares in the form of NFTs that content creators can sell among their community. The content creator becomes better known by sharing high-quality crypto & blockchain information. This can also increase the value of the share and allow more users to be interested in the share.
LIQUIDITY POOL: Liquidity pools allow cryptocurrency buyers and sellers to trade tokens on a DEX without the need for a centralized order book or traditional market maker. Instead, all trading activity is handled by the 'smart contract' that manages the pool.
LOCKED LIQUIDITY: When liquidity is locked, it means that the tokens or cryptocurrency are held in a smart contract or liquidity pool, where they cannot be moved or traded for a certain period of time.
TOKENOMICS: A combination of βtokenβ and βeconomy,β tokenomics is a collective term for the elements that make a particular digital asset valuable and interesting to investors. From the offering of a token and how it is issued to things like what use case the token has. Tokenomics is an important concept to consider and explore when making an investment decision, because ultimately a project that has smart and well-designed economics is more likely to perform better than one that is not present. A well-developed platform often translates into increased demand over time as new investors flock to the project, which in turn increases the asset's prices. When launching a project, founders and developers must carefully consider the tokenomics of their original digital asset if their project is to attract investment.
AIRDROP: A cryptocurrency airdrop is a free distribution of a new or existing cryptocurrency to a group of people. The purpose of this distribution is to create more awareness of the cryptocurrency and to reward people for their support or active participation in the project. Airdrops come from the world of blockchain and cryptocurrency. It is a way to spread and increase ownership of tokens or coins. This promotes the growth of the number of cryptocurrency owners and thus strengthens the network effect.
CRYPTO WHALES: What are crypto whales? Whales are investors who own a large number of crypto coins or tokens. This number is so large that they can influence the market by selling these coins at once and then buying them back.
VALUE: The price at which at a given time at least two parties, one who offers a product and another who wants that product, want to sell or buy that product respectively.
SWAP: Getting something and giving something else in return. Indirect barter of goods and services using money. Direct barter of goods for goods.
FLOORPRICE: A minimum price for which an item (NFT) will be auctioned.
EXCHANGE OF CRYPTO EXCHANGE: Exchange or cryptocurrency exchange is the crypto exchange that acts as an intermediary between buyers and sellers of cryptocurrency. These exchanges can be managed centrally or decentrally.
MIDDLE MAN: An intermediary or middleman (a person or company that buys goods from the company that produced them and makes a profit by selling them to a store or a user.
PEER TO PEER: Refers to the decentralized interactions between two or more parties in a highly interconnected network.
MULTI-CHAIN:A network that is compatible with different blockchains.
WALLET: Cryptocurrencies or NFTs are stored in a custodial wallet. Also called 'wallet' in English. A custodial wallet consists of two parts; a public key and a private key. The public key looks a bit like an account number. The public key is public and is used to receive payments. The private key, on the other hand, can be seen as the PIN code that authorizes payments from a public key.
DEFI (DECENTRALIZED FINANCE): Decentralized Finance (DeFi) is the movement focused on decentralizing financial products. Whether it concerns loans, savings, insurance, trade or making payments. The idea behind DeFi is very simple: cut the 'middle party' from the transaction and everything becomes safer, faster and cheaper. The intermediary is generally the traditional bank and/or insurer that you know from advertisements or your bank cards.
API (application programming interface): An API (Application Programming Interface) is a software interface that allows two applications to communicate with each other. How do APIs work? Imagine a waiter in a restaurant. You sit at the table with a menu ready to order and the kitchen is the supplier that makes your order. You need a connection to submit your order to the kitchen and then receive the food back to your table. This can't be the cook, because he is cooking. You need something to connect the customer ordering food and the chef preparing it. This is where the waiter β or in this case the API β comes into the picture. The waiter takes your order, takes it to the kitchen and tells the kitchen what to do. He then brings the answer, in this case the food, back to you. And if the API is well designed, your order will not disappoint!
Last updated